Orders for U.S. durable goods probably increased in April after falling by the most in seven months as companies invested in aircraft and capital equipment, economists forecast ahead of a report today.
Sears Holdings Corp., the retailer controlled by billionaire hedge-fund manager Edward Lampert, posted a quarterly loss of $279 million, hurt by costs related to store closings and severance expenses. The shares tumbled.
Grupo Isolux Corsan SA’s task of laying power lines across the Amazon jungle ran into an unexpected obstacle last year when Brazil took more than six months to grant visas for 200 specialized Chinese workers.
Treasury Secretary Jacob J. Lew said in an interview with Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that he was briefed in March on an investigation of selective IRS screening of nonprofit groups though he didn’t learn details of the findings until last week.