The apparel retailer will shutter 189 stores by the end of 2013. While profits at home are getting squeezed, the company sees better opportunities abroad, especially in China.
Brown-Forman has put its wine operation up for sale, and Constellation Brands is selling most of its non-US business.
A KKR-led private-equity group will pay cash for the food processor.
An ugly price-fixing fine and weakness in North America and Europe sales hit earnings. Results in Latin America and Asia are strong.
The maker of consumer goods will add hair- and skin-care brands through the deal.
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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.
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.