Bloomberg Jerome Powell has been sucked into a one-sided communication fight with Donald Trump, who blames the Federal Reserve chairman for losses in the stock market. Powell can’t match the president’s megaphone on social media. But he can try to prevent equity prices becoming the barometer of Fed success by reminding the public that Congress gave it a different mandate: …

Bloomberg Sears Holdings Corp is preparing to potentially wind down the iconic retailer after Chairman Eddie Lampert’s bid to buy several hundred stores out of bankruptcy fell short of bankers’ qualifications, according to people with knowledge of the matter. The retailer started laying the groundwork for a liquidation after a series of meetings in which its advisers weighed the merits …

Bloomberg Mr DIY, Malaysia’s biggest home improvement retailer, is exploring an initial public offering that could raise about $500 million, people with knowledge of the matter said. The company has been interviewing potential underwriters as it considers a listing in Kuala Lumpur, according to the people. Mr DIY is targeting a market value of about 10 billion ringgit ($2.4 billion), …