Akzo Nobel Books $3.3B Writedown at Paints Unit

Akzo Nobel NV, the maker of Glidden and Dulux paint brands, booked a 2.5 billion-euro ($3.3 billion) writedown at its decorative paints business after a prolonged attempt to overhaul the business and weakening markets in Europe.

Sales Check With Hudson's Bay CEO Jerry Storch
56:33 - Hudson's Bay CEO Jerry Storch weighs in on Black Friday sales. He speaks on "Bloomberg Markets." (Source: Bloomberg)
  • Black Friday Retail Sales: The Winners & the Losers
  • Battle of the Charts: Retail Traffic, Euro Versus Dollar
  • 2016 Will Be a Better Year for Stocks, Here's Why