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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Uber looks to pick up another $1 billion in equity
U.S. taxi service firm Uber said it is in early talks with investors to raise money at a higher valuation than $17 billion it secured with June's round of funding, Financial Times reported on Friday citing people familiar with the matter.
AT&T to acquire Mexico's Iusacell for $1.7 billion
AT&T Inc agreed to pay $1.7 billion to acquire Mexico's third-largest wireless operator, Iusacell, as it seeks to grab a slice of a market with lower cellular penetration than the United States and faster potential growth.
SEC seeks to double $200 million damages award against businessman Wyly
The U.S. Securities and Exchange Commission will ask a federal judge to more than double the money Texas businessman Sam Wyly must pay from $200 million to $455 million for his involvement in an offshore fraud scheme, a lawyer for Wyly said on Friday.
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.
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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.
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.
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.
Potential buyers from at least six leading oil companies have visited Citgo Petroleum Corp’s refinery in Illinois and three firms have shown keen interest in its Texas plant, four sources familiar with efforts to sell the assets said.
Home Depot Inc (HD.N), the world's largest home improvement chain, said about 53 million email addresses were stolen during a recent breach of its payment data systems, in addition to some 56 million payment cards previously disclosed by the retailer.
Walt Disney Co (DIS.N) reported a better-than-expected 7 percent increase in quarterly revenue on Thursday, driven by hit movies "Guardians of the Galaxy" and "Maleficent."
U.S. stocks edged up in a volatile session on Thursday, with the Dow and S&P 500 hitting fresh record closing highs on an indication that the European Central Bank would take more policy action if needed to boost a struggling euro zone economy.
