Apple CEO Tim Cook got a hefty cash bonus that brought his total compensation to $9.2 million last year.» Read More
Stocks dropped Thursday as investors considered corporate earnings and a decline in weekly jobless claims.
Glenn Murphy began talking with the Gap board at the beginning of the year about his desire to retire, Bobby Martin said.
NEW YORK, Oct 9- U.S. stocks slid on Thursday, erasing the previous session's sharp rally, on lingering concern about the strength of the global economy and after a Federal Reserve official said market views on rate hikes are at odds with the central bank's. St. Louis Federal Reserve Bank President James Bullard said the disconnect between the market's view on the...
The news shook the confidence of investors and analysts alike, with four key firms downgrading their ratings on the apparel retailer.
NEW YORK, Oct 9- U.S. stocks fell on Thursday, dragged by commodity-related shares on demand concerns after yet another weak data point out of Germany, the euro zone's largest economy. "Right now, one of the main preoccupations investors have is what's going on in the international economy," said Bernard Baumohl, managing director at the Economic Outlook Group in...
"Right now, one of the main preoccupations investors have is what's going on in the international economy, which has gravely complicated the outlook for the global economy," said Bernard Baumohl, managing director at the Economic Outlook Group in Princeton, New Jersey. The third-quarter earnings season got off to a strong start, with both Alcoa Inc and PepsiCo Inc...
The reasons for the CEO shake-up are unknown, but overall Gap "just isn't that bad," says CNBC's Jim Cramer.
Some of the names on the move ahead of the open.
CNBC's Courtney Reagan discusses Gap CEO Glenn Murphy's announced retirement and who will take over the company.
The "Fast Money" traders share their final trades of the day.
Oct 8- Gap Inc Chief Executive Glenn Murphy will retire in February and hand over the reins of the apparel retailer to its digital business head Art Peck, as the company looks to tap customers' increasing preference for online shopping. He will also join the board of the company, which owns fashion brands such as Gap, Banana Republic and Old Navy.
Check out which companies are making headlines after the bell Wednesday: Gap, AMD, Alcoa & more.
Oct 8- Apparel retailer Gap Inc said Art Peck, who heads the company's growth, innovation and digital division, would take over as chief executive, effective Feb. 1. Peck will succeed Glenn Murphy, who will retire after heading the company for seven years, Gap said in a statement. Under Murphy's leadership, Gap expanded to 50 countries, including China, from about 10,...
Art Peck, Gap's president of growth, innovation and digital, will take over as CEO, while director Bob Fisher will become chairman.
With a fast-growing working population and falling dependency ratio, Cambodia has the demographics most favorable to rapid economic growth.
Deloitte predicts the improving economy will translate into a holiday sales increase between 4 percent and 4.5 percent.
The positive holiday hiring predictions aren't just good news for the retail industry; they have implications for the overall economy.
TORONTO, Sept 11- A jump in online sales helped yogawear chain Lululemon Athletica Inc report a higher-than-expected quarterly profit on Thursday, mitigating some of the damage from a series of mishaps last year, while spurring it to increase its full-year earnings forecast and pushing its stock higher.
TORONTO, Sept 11- A jump in online sales helped yogawear chain Lululemon Athletica Inc report a higher-than-expected quarterly profit and increase its full-year earnings forecast on Thursday, sending its stock higher and reversing some damage from a high-profile recall last year.
As New York Fashion Week has grown to include mainstream brands, the twice-a-year spectacle now encompasses both the high end and everyday.