Daily business briefing: Sears to spin off Lands' End

December 6, 2013 

Sears Holdings Corp. has reported that it will spin off its Lands' End clothing business as a separate company. In October, Sears announced that it was considering separating the Lands' End and Sears Auto Center businesses from the rest of the company. Read more at http://www.bnd.com/business. ...


Negotiations for a new five-year farm bill continue. About 80 percent of the bill is spending for nutrition programs, particularly the Supplemental Nutrition Assistance Program, or SNAP, formerly known as food stamps. The Senate passed a $955 billion five-year bill in June that includes $4 billion in cuts to SNAP. The House of Representatives passed legislation that reduces SNAP by $39 billion. Find out more at http://www.bnd.com/business. ...


Consumers spending increased in October even though their wages and salaries barely increased. Consumer spending increased 0.3 percent in October compared with September when spending rose 0.2 percent, the Commerce Department reported Friday. Wages and salaries rose 0.1 percent after a 1 percent rise in September. Learn more at http://www.bnd.com/business. ...


The price of oil moved higher above $97 a barrel Friday. On Thursday, oil rose to almost $98 for the first time in five weeks before closing at $97.38. For more information, go to http://www.bnd.com/business.

-- Will Buss, BND business writer

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