Shares of retailers and other consumer companies rose after reports of deal activity.
Shares of Macy's rallied after The Wall Street Journal reported investment firm Jana Partners had bought a stake in the department store and was urging it to spin off its ecommerce business.
Same-store sales at Domino's Pizza's U.S. stores dropped 1.9% in the three months through early September compared with the same period a year earlier, suggesting that the surge in demand associated with pandemic lockdowns is wearing off as people return to dining out.
Online retailer Signa Sports United is nearing a deal to raise money from a group of investors including Saudi Arabia's sovereign-wealth fund, The Wall Street Journal reported.
United Airlines Holdings said it's planning a major trans-Atlantic expansion next year as it looks to take advantage of what it predicts will be a rapid rebound in international travel.
The chief executive of Hilton Worldwide said labor shortages were among the hotelier's biggest challenges.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
10-14-21 1714ET
