Bloomberg US consumer sentiment unexpectedly dipped in October to a still-elevated level amid slightly dimmer views of personal finances and the long-term economic outlook, a University of Michigan report showed. This week’s sharp drop in US stocks overlapped with survey interviews by only one evening, “having virtually no influence on the early October data,” according to the report. The poll ...

Bloomberg A Sears liquidation would cost its real estate spinoff 47 percent of its annual rent income, or about $84 million in cash flow, according to regulatory filings. Seritage Growth Properties, a real estate investment trust, was created in 2015 by Sears Chief Executive Officer Eddie Lampert to be the property owner and landlord for select locations of Sears and ...

Bloomberg A series of major scandals in Denmark is testing its status as one of the world’s least corrupt nations, with Transparency International warning that its image may now be at risk. The Scandinavian nation known for its love of bikes, equality and welfare has more recently been associated with money laundering, tax evasion and embezzlement. The development should force ...