Office Depot Inc (ODP.O) said it would cut about 1,100 jobs in Europe as part of a restructuring plan and expects to reduce annual costs by about $90 million by the end of 2016.
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J.C. Penney Co Inc (JCP.N) named Marvin Ellison, credited with resurrecting Home Depot Inc's (HD.N) U.S. business, as its next chief executive as the department store operator looks to push on since stemming a two-year long sales decline.
Struggling Sears Holdings Corp (SHLD.O) said it would raise up to $380 million by selling most of its stake in Sears Canada Inc (SCC.TO) through a rights issue, generating liquidity ahead of the crucial holiday shopping season.
Dollar General Corp (DG.N), the No.1 U.S. deep discount retailer, said it remained committed to acquiring rival Family Dollar Stores Inc (FDO.N) and that its offer was both superior and achievable than an offer from Dollar Tree Inc (DLTR.O).
Google Inc will take a 6.3 percent stake in the unit of Taiwanese chipmaker Himax Technologies Inc that develops display technology for devices such as Google Glass, Himax said.
