Regions
Sears to cut Sears Canada stake to raise cash for holiday season
Struggling Sears Holdings Corp (SHLD.O) said it would raise up to $380 million by selling most of its stake in Sears Canada Inc (SCC.TO) through a rights issue, generating much-needed cash ahead of the crucial holiday shopping season.
Kellogg CEO planning to meet United Biscuits to discuss deal
Cereal maker Kellogg Co's (K.N) chief executive officer is planning to meet with cookies and snacks maker United Biscuits Ltd (IPO-UNI.L) to discuss a possible 2 billion pound ($3.23 billion) offer for the British company, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Schwab drops Pimco Total Return from target date portfolios
Charles Schwab Corp (SCHW.N) has dropped the Pimco Total Return Fund from its 10 target date funds and collective trusts, a company spokeswoman told Reuters on Thursday.
China services growth dips to eight-month low in September: official PMI
China's services sector grew at its slowest pace in eight months in September after new orders shrank for the first time since the 2008 global financial crisis, a survey showed on Friday, exposing more weakness in the world's second-largest economy.




