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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CEO Brian Moynihan appears stuck in a legal morass, and he doesn't seem to be helping himself much. Will he ever establish a new legacy?
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.
Bad news: Your teen got into a jam with the law. Will bailing him out of jail mean bad news for your finances, too?
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