Fairholme Capital Management and Pershing Square, two key investors in General Growth Properties Inc, are teaming up to invest another $3.93 billion in the mall operator to help it emerge from bankruptcy.
Talbots Inc said that shareholder John Campbell has withdrawn his motion for a preliminary injunction to stop the retailer's proposed merger, but there was no assurance the parties would settle and discharge his claims.
Stage Stores Inc posted a better-than-expected quarterly profit, helped by better inventory management and cost controls, and forecast first-quarter earnings that could meet or beat analysts' expectations.
While an unusually cold winter might have been tough on many Americans, U.S. sporting goods retailers Dick's Sporting Goods Inc and Hibbett Sports Inc won't be complaining about the weather when they report their holiday quarter profits.
Hollywood actress Lindsay Lohan's design career has ended after a single collection for Parisian label Emanuel Ungaro, leaving the fashion world divided over whether her work was a disaster or a much-needed bit of fun.
Brazil said it would raise tariffs on 591 million dollars worth of US products, including many luxury consumer items such as cosmetics, in the latest twist in its showdown over US cotton subsidies it has blasted as unfair.