Consumer Durables and Apparel
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May 15- Wal-Mart Stores Inc stepped up Bangladesh factory inspections while U.S. and European retailers pursued separate accords to try to prevent another disaster in a garment industry where more than 1,200 workers have died in the past six months.
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May 15- Wal-Mart Stores Inc stepped up Bangladesh factory inspections while U.S. and European retailers pursued separate accords to try to prevent another disaster in a garment industry where more than 1,200 workers have died in the past six months.
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May 15- Wal-Mart Stores Inc stepped up Bangladesh factory inspections while U.S. and European retailers pursued separate accords to try to prevent another disaster in a garment industry where more than 1,200 workers have died in the past six months.
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*H&M, Inditex sign Bangladesh reform accord. *Wal-Mart asks Bangladesh government to shut unsafe factory. STOCKHOLM/ CHICAGO, May 14- Major U.S. retailers, including Gap Inc, declined to endorse an accord on Bangladesh building and fire safety backed by Europe's two biggest fashion chains, a trans-Atlantic divide that may dilute garment industry reform efforts.
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*H&M, Inditex sign Bangladesh reform accord. *Wal-Mart asks Bangladesh government to shut unsafe factory. STOCKHOLM/ CHICAGO, May 14- Major U.S. retailers including Gap Inc declined to endorse an accord on Bangladesh building and fire safety backed by Europe's two biggest fashion chains, a trans-Atlantic divide that may dilute garment industry reform efforts.
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May 13- Walmart called on the Bangladesh government on Monday to stop production at one apparel factory and investigate the condition at another until workers' safety could be assured.
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STOCKHOLM/ MADRID, May 13- The world's two biggest fashion retailers Inditex and H&M, along with several other companies, have backed an accord aimed at preventing a repeat of last month's collapse at a Bangladesh factory building that killed more than 1,100 people.
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Stanley Thai, Founder and Executive Chairman of Supermax tells CNBC how he built the world's second largest glove maker.
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The San Francisco 49ers and Levi Strauss have reached an agreement for a $220 million, 20-year naming rights deal for the team's future stadium in Santa Clara, Calif.
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May 3- The following are the top stories on the New York Times business pages. *A day after the Walt Disney Company disclosed that it was ending apparel production in Bangladesh, that country's garment manufacturers expressed alarm that other Western corporations might follow Disney's lead.
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HANOI, May 3- When Nguyen Manh Hung's furniture company Phuc Luc was bustling, orders flew in from wealthy Vietnamese who sought his hand-crafted beds, cabinets and tables, netting him $25,000 a month after costs and wages for 35 staff. Two years later, hurt by the slump in Vietnam's economy, business in his Hanoi shop is crumbling.
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HANOI, May 3- When Nguyen Manh Hung's furniture company Phuc Luc was bustling, orders flew in from wealthy Vietnamese who sought his hand-crafted beds, cabinets and tables, netting him $25,000 a month after costs and wages for 35 staff. Two years later, hurt by the slump in Vietnam's economy, business in his Hanoi shop is crumbling.
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**APPLE INC, $447.94, up 2 pct. William Blair& Co analyst Anil Doradla said the bond oversubscription showed investor confidence in Apple, adding that shareholders will get these benefits, and that capital allocation is driving the shares up. **AVEO PHARMACEUTICALS INC, $2.69, down 49 pct.
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**GENERAL MOTORS CO, $31.5, up 4 pct. **VISA INC, $170.8, up 3 pct. **FACEBOOK INC, $28.17, up 3 pct.
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**GENERAL MOTORS CO, $31.5, up 4 pct. **VISA INC, $170.8, up 3 pct. **FACEBOOK INC, $28.17, up 3 pct.
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Wall Street was set to open slightly higher Thursday as an interest rate cut from the European Central Bank and better-than-expected weekly jobless claims data in the U.S. boosted investors' appetite for risky assets. **GENERAL MOTORS CO, Wednesday close $30.18, up 4 pct premarket. **VISA INC, Wednesday close $166.02, up 3 pct premarket.
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Western companies are scrambling to address public concerns about working conditions in Bangladesh. The NYT reports.
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May 2- Haverty Furniture Companies Inc:. For a summary of rating and price target changes on U.S. companies: Reuters Eikon users, click on RCH/US Reuters 3000 Xtra users, double-click RCH/US Reuters Station users, click. 1568.
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**GENERAL MOTORS CO, Wednesday close $30.18, up 4 pct premarket. **SEAGATE TECHNOLOGY, Wednesday close $36.94, up 4 pct premarket. **FACEBOOK INC, Wednesday close $27.43, up 2 pct premarket.
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*Sees FY earnings/shr $2.65- $2.70 vs previous guidance $2.60- $2.70. The company now expects full-year adjusted earnings of $2.65 to $2.70 per share- at the upper half of its previous guidance of $2.60 to $2.70 per share.