Sears Holdings Corp. (SHLD:US) plans to spin off its Lands' End Inc. clothing and accessories unit as Edward Lampert, the retailer's chairman, CEO and largest investor, unloads assets amid a six-year sales slump.
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WASHINGTON (Reuters) - U.S. consumer spending rose in October, but still benign inflation pressures offered a cautionary note for the Federal Reserve as it weighs the future of its bond-buying program.
LONDON Dec 6 (Reuters) - The dollar and government bond yields rose on Friday and gold tumbled, as stronger-than-expected U.S. jobs data boosted the case for an imminent scaling-back of Federal Reserve stimulus.
Third-quarter real gross domestic product (GDP) increased 3.6% at an annualized rate, according to the second estimate from the Bureau of Economic Analysis.