Consumer confidence rose more than forecast in December to the highest level in five months, easing concern about household spending heading into the holiday-shopping season.
(Reuters) - Eddie Lampert-controlled Sears Holdings Corp (SHLD.O), struggling with mounting operating losses and declining sales, said it would spin off its Lands' End clothing business, adding to the list of assets sold off to raise cash.
Ty Wright/Bloomberg. Shoppers at the Easton Towne Center in Columbus, Ohio. Consumer spending in the U.S. rose more than forecast in October, a sign the biggest part of the economy is gaining momentum from a firming employment.
The dollar was mixed against its peers Friday, rising against the yen but falling against other currencies, after stronger-than-expected jobs data wasn't enough to convince investors that a rollback of the Federal Reserve's economic stimulus policy is imminent.
Severe pollution choked Shanghai and other cities in China for a second day Friday, disrupting hundreds of flights and forcing schools to close.