(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.
IN BITCOIN, FRAUD IS QUICKER THAN THE LAW | Pump-and-dump schemes are shut down in the financial markets all the time. But such frauds involving digital money like Bitcoin have gone unchecked, Nathaniel Popper reports in DealBook.
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 rose against most of its peers Friday, after government data showed the economy added more jobs than expected in November, bolstering the argument for an imminent rollback of the Federal Reserve's economic stimulus policy.
U.S. stock futures rose Friday ahead of the release of the closely watched monthly employment report from the Labor Department. Dow Jones industrial average index futures added 0.4%, Standard & Poor's 500 index futures rose 0.4% and Nasdaq index ...