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.
The discount chain is drawing budget-conscious shoppers, boosting same-store sales 5.1%.
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