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Consumer Durables and Apparel

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  • *India lawsuit has no effect on operations- Barra. BEIJING, Jan 16- China's Xiaomi Inc plans to invest in Indian tech start-ups and overseas media content, as the world's No.3 smartphone maker looks to dominate homes with its own TVs and appliances. "One area that we are also looking to make some investments in is start-ups in India.

  • Teen fashion retailers are going out of style Wednesday, 7 Jan 2015 | 6:40 PM ET
    A Deb Shop in Westland, Michigan

    Deb Shops, the once popular teen fashion retailer, won court approval on Wednesday to begin going-out-of-business sales for nearly 300 stores.

  • U.S. business spending plans gauge flat in November Tuesday, 23 Dec 2014 | 8:31 AM ET

    WASHINGTON, Dec 23- A gauge of business investment plans was unexpectedly flat in November, suggesting a slowdown in economic growth after a brisk expansion over the last two quarters. Overall orders for durable goods- items ranging from toasters to aircraft that are meant to last three years or more- unexpectedly fell 0.7 percent, even as Boeing reported a surge...

  • *Net was 347.5 mln yuan, revenue 26.6 bln yuan. BEIJING, Dec 15- Privately owned Xiaomi Technology Ltd Co booked 347.5 million yuan in net profit last year, according to a regulatory filing that showed the world's No.3 smartphone maker grappling razor-thin margins. "They're growing so fast and so lean, I wouldn't be surprised even if they were losing money," said...

  • *Fosun Intl moves to new insurance-based business model. A Club Med takeover would represent the most significant co-investment between Fosun and Fidelidade, the Portuguese insurance firm Fosun forked out $1.29 billion to buy in May, and advance Guo's goal of turning his Shanghai- based manufacturing and real estate-focused conglomerate into a...

  • WASHINGTON, Dec 11- U.S. consumer spending advanced at a brisk clip in November as lower gasoline prices gave the holiday shopping season a boost, offering the latest sign of underlying momentum in the economy. The Commerce Department said on Thursday retail sales excluding automobiles, gasoline, building materials and food services, increased 0.6 percent...

  • -An administrative law judge found Walmart threatened employees trying to organize workers at two stores in California, in a victory for workers' rights groups challenging labor practices at the retail giant. Geoffrey Carter, National Labor Relations Board Administrative law judge in Washington, D.C., told the company to stop applying pressure on employees...

  • Dec 9- Texas- based electronics and home appliance retailer Conn's Inc reported a quarterly loss, withdrew its 2015 profit forecast, and said its chief financial officer had resigned as its mainly low-income customers struggle with credit payments. The company reported a net loss of $3.1 million, or 8 cents per share for the third quarter ended Oct. 31, compared...

  • Dec 9- Texas- based electronics and home appliance retailer Conn's Inc reported a third-quarter loss and withdrew its 2015 profit forecast, sending its shares down as much as 40 percent in premarket trading. Shares of the company, which also said CFO Brian Taylor had resigned, were set to open at a more than two year-low on Tuesday. The company reported a net loss of...

  • China tech firms bet on Misfit Wearables  Thursday, 4 Dec 2014 | 8:41 PM ET

    Sonny Vu, President & CEO of U.S. start-up Misfit Wearables, discusses the firm's $40 million investment from Chinese tech firms Xiaomi and JD.com

  • *Expects 2015 profit of $3.00- $3.15/ share vs $2.94 last year. *Posts fourth-quarter profit of $1/ share vs estimates of $1.07. The company's printwear business sells plain T-shirts, fleece, and sport shirts mainly to wholesale distributors and screen printers in North America, Europe and Asia Pacific.

  • Dec 4- Canadian apparel maker Gildan Activewear Inc forecast a loss for the current quarter as it cuts prices in its printwear business to attract more orders from retailers. The company, whose rivals include Hanesbrands Inc and L Brands Inc, forecast a loss of 30 cents per share for the first quarter ending Jan. 4. Net income rose to $122.7 million, or $1 per share, in...

  • Gildan Activewear's quarterly profit rises 27 pct Thursday, 4 Dec 2014 | 7:21 AM ET

    Dec 4- Canadian apparel maker Gildan Activewear Inc's quarterly profit rose 26.8 percent, helped by higher sales of its printwear and branded apparel and its acquisition of Canadian hosiery company Doris Inc.. Net income rose to $122.7 million, or $1 per share, in the fourth quarter ended Oct. 5 from $96.8 million, or 79 cents per share, a year earlier.

  • Global Brands teams up with David Beckham  Wednesday, 3 Dec 2014 | 7:20 PM ET

    Bruce Rockowitz, CEO of Global Brands, and football star David Beckham discuss their new project to build brands with high profile sports and entertainment icons.

  • ATHENS, Nov 28- At Greek home appliance retail chain Electroniki, a washing machine cost 497 euros six years ago. Greece has muddled through 20 consecutive months of deflation, or continuously falling consumer prices- a phenomenon that economists say could soon infect the whole euro zone. Yet alarm over low inflation in other parts of southern Europe does not...

  • *Deal gives Steinhoff exposure to African clothing market. JOHANNESBURG, Nov 25- South Africa's Steinhoff International will buy clothing retailer Pepkor in a $5.7 billion deal that gives the budget furniture firm exposure to Africa's fast-growing apparel market and strengthens its business in eastern Europe. The 62.8 billion rand cash and share deal will...

  • NEW YORK, Nov 21- Middleby Corp, maker of high-end kitchen appliances for both professional and home cooks, has become a new favorite of fund managers as it benefits from changing American dining habits. That push away from Big Macs has spurred Middleby's revenue growth, which hit 14 percent in its current fiscal year, and prompted 81 mutual funds, including those...

  • Magistrate Judge Janet King in Atlanta rejected a claim by Steven Slawson, co-founder of Titan Capital Management, that his May indictment should be tossed because it did not allege he knew an insider disclosed illegal tips for personal gain. Attorney Sally Quillian Yates in Atlanta did not respond to requests for comment on Monday. Meanwhile, a federal...

  • NEW YORK, Nov 5- U.S. imports of synthetic apparel this year have overtaken cotton garments for the first time in decades, according to the latest U.S. government data, confirming the cotton industry's fears that cotton is losing the battle to manmade fibers. Of 19.43 billion square-meter equivalents of apparel shipped to the United States through September,...

  • *Banks owed are FirstRand, Standard, Barclays, Investec. JOHANNESBURG, Nov 5- Four of South Africa's biggest banks are owed $53 million by Ellerine, the money-losing furniture firm that African Bank Investments cut funding to just before the lender collapsed, documents showed. The restructuring plan shows Ellerine owes 241 million rand to FirstRand, 150 million...