Consumer Cos Up After Used-Home Sales Data -- Consumer Roundup

Shares of retailers and other consumer companies rose after surprisingly strong home-sales data.

Used home sales increased 0.8% in October from the prior month to a seasonally adjusted annual rate of 6.34 million, the highest pace since January, even as it remained substantially below levels a year earlier, according to the National Association of Realtors.

The company behind brands such as Brooks Brothers, Eddie Bauer and Sports Illustrated magazine plans to delay its initial public offering after getting a big new investment from two private-equity firms.

American Airlines Group and JetBlue Airways asked a judge to throw out the U.S. Justice Department's antitrust suit challenging the alliance between the two carriers.

Authentic Brands Group LLC, which develops and licenses its brands to retail operators, said Monday it sold stakes to CVC Capital Partners and HPS Investment Partners in a deal that values the company at $12.7 billion including debt.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

11-22-21 1705ET