The conglomerate is preparing a spinoff of its US consumer financing business, continuing its major push to trim finance assets, firm up capital and liquidity.
Americans just don't seem to want to spend money on discretionary items right now -- and there's no reason for this trend to reverse itself.
Slow spending has hardly slowed down these funds.
Looks like shoppers avoid the mall and shop online.
Stores that cater to the cash-strapped middle and working classes are struggling, while higher-end shops are thriving.
AMC Networks is upgraded to 'outperform,' and Deere is downgraded to 'neutral.'
JCPenney is both upgraded and downgraded, and Starbucks is upgraded to 'buy.'
VIDEO ON MSN MONEY
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As the market wades through what many people hope is a sixth bull year, some have grown nervous about how long the run can go.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
As fears rise over costs and higher tuition, some law schools advertise their own plans to cover loan replacements.
In a tax case, a US judge ruled that the agency's published guidelines don't hold up in court.
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