U.S. stocks rose, with the Standard & Poor’s 500 Index climbing to a record, as retailers led gains amid optimism over the holiday shopping season. Treasuries extended their advance after Janet Yellen said the American economy must improve before cuts to monetary stimulus.
U.S. stocks rose, sending benchmark indexes to records, as Macy’s Inc. led a rally among retailers and investors speculated the Federal Reserve’s Janet Yellen will continue the central bank’s stimulus policy as chairman.
Nokia Oyj said Samsung Electronics Co., the world’s largest mobile-phone maker, agreed to license its patents for five more years, a boon for the Finnish company as it seeks to rebuild revenue after selling its handset unit.
A gauge of U.S. company credit risk fell the most in almost four months amid signs that lawmakers may reach an agreement to delay a lapse in borrowing authority until next month. L Brands Inc. sold $500 million in notes.
Limited Brands Inc.’s Victoria’s Secret, the lingerie chain known for its supermodels called “Angels,” is planning its first stores in Hong Kong, where surging demand from shoppers has sent retail rents to a record.
Limited Brands Inc., the owner of the Victoria’s Secret lingerie chain, said it secured a $1.75 billion credit facility and agreed to pay a higher interest rate in exchange for relaxed terms on the debt.
Clarisse Kambire’s nightmare rarely changes. It’s daytime. In a field of cotton plants that burst with purple and white flowers, a man in rags towers over her, a stick raised above his head. Then a voice booms, jerking Clarisse from her slumber and making her heart leap. “Get up!”