Alliance Data Systems Corp. (ADS) said that it plans to spin off its LoyaltyOne segment. The segment comprises Canadian AIR MILES Reward Program and Netherlands-based BrandLoyalty business.The spinoff is expected to be tax-free, resulting in two independent, U.S.-based, publicly traded companies, Alliance Data and "Spinco."The transaction will be in the form of a distribution to Alliance Data stoc...
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.