Gap Inc
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It's Fed Chairman Ben Bernanke's turn to weigh in on whether the economy is strong enough to justify the Fed slowing down its easing any time soon.
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It's Fed Chairman Ben Bernanke's turn to weigh in on whether the economy is strong enough to justify the Fed slowing down its easing any time soon.
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The next week investors get the last wave of reports from retailers. Here's Pisani's take on the Weather effect and the names that count.
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This week on "Talking Squawk": David Tepper's "My Cousin Vinny" market call, Cisco's John Chambers, Bloomberg's "Surveillance," the IRS, the AP, and big hair and Sony.
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May 15- A trans-Atlantic divide between European and U.S. retailers over how best to respond to fatal disasters in Bangladesh textile factories split wide open on Wednesday, with U.S. retailers claiming their European counterparts are giving labor unions too much control over ensuring workplace safety.
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Tech upstarts are delivering disruption, and the cloud is the driver.
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Citigroup upgraded Gap to buy yesterday. Oliver Chen, analyst at Citigroup, weighs in.
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Wednesday is the deadline for retailers to decide whether to sign onto a fire-and-building safety agreement for Bangladesh, led by labor groups such as Europe's IndustriALL. Almost 30 garment and retail brands sourcing from Bangladesh- including the world's two biggest fashion retailers- have signed up so far, though few major U.S. companies have done so.
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Wednesday is the deadline for retailers to decide whether to join the consortium, led by labor groups such as Europe's IndustriALL, which said at least 24 garment and retail brands sourcing from Bangladesh had signed up so far.
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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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The upgrade comes less than a week after Standard& Poor's Ratings Services boosted its ratings for Gap Inc. The ratings agency said on Friday that it expects the retailer will be able to sustain recent growth trends.
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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 14- North American retailers on Tuesday discussed forging their own Bangladesh safety agreement--an alternative to a legally binding accord that many European retailers have signed on to--though details of any alternative accord were still unclear.
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A day of reckoning awaits the stock market rally, but not just yet, StockMonster's Guy Adami says.
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The trade associations collaborating on a possible North American plan include the National Retail Federation, Retail Industry Leaders Association, American Apparel& Footwear Association, United States Association of Importers of Textiles and Apparel, Retail Council of Canada and Canadian Apparel Federation, according to people familiar with the talks.
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Attorney General Eric Holder was likely to face a storm of questions on Tuesday over the Justice Department's controversial decision to seize telephone records of the Associated Press, a move denounced by critics as a gross intrusion into freedom of the press.
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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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Debating whether Gap's comeback is just a trend, with Richard Ross, Auerbach Grayson, and Enis Taner, RiskReversal.com.
