Struggling retailer Sears Holdings Corp (SHLD.O) said it was exploring the conversion of 200-300 stores to a real estate investment trust (REIT) and offer it to shareholders through a rights offering to raise cash.
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Berkshire third-quarter profit drops on investments, operating results gain
Warren Buffett's Berkshire Hathaway Inc (BRKa.N) (BRKb.N) on Friday said third-quarter profit fell 9 percent as it took a large writeoff on one of its investments, but operating results easily topped forecasts amid improvement in its insurance, energy and railroad operations.
Coming up next week: New Zealand's financial stability report, BOE's quarterly inflation report, US: unemployment claims, retail sales and consumer sentiment
Next week the RBNZ is going to release its financial stability report and on Tuesday Governor Graeme Wheeler is scheduled to speak. BOE quarterly inflation report & US unemployment claims, retail sales and consumer sentiment are to be released in the upcoming week.
Turkey's Atlasjet in $3 billion provisional Airbus jet order: sources
Turkey's Atlasjet has reached a preliminary deal with European planemaker Airbus (AIR.PA) to buy around 30 aircraft worth $3 billion at list prices as it expands in eastern Europe and central Asia, two people familiar with the matter said.
DirecTV beats estimates on higher fees, loses subscribers
DirecTV, the No.1 U.S. satellite TV provider, reported a quarterly profit above analysts' expectations as it earned more from each subscriber in the United States.
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U.S. stock index futures were little changed on Friday, with investors holding off on making bets ahead of a key jobs report that could indicate whether the market's record levels are justified by the economy's fundamentals.
U.S. employers likely hired new workers at a fairly brisk clip last month, underscoring the economy's resilience in the face of slowing global demand.
A sudden swell in China's exports of gold and jewelry may signal a resurgence of speculative currency inflows through inflated trade receipts, raising the prospect the central bank could again act to weaken the yuan and punish speculators.
Unfazed by slumping oil prices and battering in the stock market, firms that supply sand and guar gum for shale oil and gas companies are not ready yet to call an end to a four-year boom spurred by hydraulic fracturing technology.
A number of high-profile brokers have left Bank of America Corp's (BAC.N) Merrill Lynch wealth management unit in recent weeks, and top executives at the company have grown concerned enough to ask business head John Thiel to explain the departures, three sources familiar with the matter told Reuters.
A deepening crisis of confidence in the ruble dominated financial markets action in Europe on Friday, with another 3 percent fall meaning the Russian currency has lost more than a tenth of its value in less than a week.
Kenya's Safaricom (SCOM.NR) and U.S. company MoneyGram International (MGI.O) have agreed a deal for money to be sent from abroad to Kenya through their money transfer services, targeting more than $1 billion sent in remittances every year.
Labor unions at Italy's Monte dei Paschi di Siena (BMPS.MI) on Thursday urged the Italian government to resist what they said was pressure from the European Union for the bank to merge with another group.
PepsiCo (PEP.N) said President Zein Abdalla will retire from the soda and snacks maker by the end of the year, in the second departure of a senior executive in recent months.
