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The announcement that Lululemon's CEO, Christine Day, will step down was a bad decision, Cramer said, and investors should sell the stock, even after a drop in share price.
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PHNOM PENH, June 11- Nearly 300 Cambodian garment workers who produce clothing for U.S sportswear company Nike have been dismissed for taking part in strikes seeking higher pay that turned violent, according to their union and dismissal notices. Thousands of workers at Sabrina Garment Manufacturing Corp went on strike for higher pay from May 21.
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Hundreds of angry workers rampaged this week through a textile plant in Cambodia that supplies U.S. sportswear company Nike Inc, clashing with police over their demands for a pay hike.
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Hundreds of angry workers rampaged this week through a textile plant in Cambodia that supplies U.S. sportswear company Nike Inc, clashing with police over their demands for a pay hike.
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SAN FRANCISCO, June 4- Salesforce.com Inc, the biggest maker of online sales software, will pay $2.5 billion for marketing software maker ExactTarget Inc in Chief Executive Marc Benioff's most significant bet to date on the social marketing business.
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*Salesforce to slow M&A pace after ExactTarget purchase. June 4- Salesforce.com Inc, the biggest maker of online sales management tools, said it would pay $2.5 billion for marketing software maker ExactTarget, which helps companies reach customers on social networks through mobile devices.
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May 28- Nike Inc is dropping its partnership with Livestrong Foundation, the cancer charity founded by disgraced cyclist Lance Armstrong, the latest repercussion from the doping scandal that last year stripped him of his titles.
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May 28- The Livestrong Foundation, the cancer charity founded by disgraced cyclist Lance Armstrong, said on Tuesday it has lost sponsorship by Nike Inc, its biggest corporate backer. "We expected changes like this," Katherine McLane, a Livestrong spokeswoman, said in a conference call with reporters of the decision by Nike. "
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*Rue21 shares up 23.2 pct premarket. Rue21 said on Thursday that Apax, whose old funds already own a 30 percent stake in the company, will pay $42.00 per share in cash, representing a premium of 23 percent to its Wednesday close.
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SAN FRANCISCO, May 14- Square Inc, a closely watched payment-processing company, made a significant push into the hardware business on Tuesday, unveiling a new credit-card reader that it claimed could be the centerpiece of the next-generation checkout counter.
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SAN FRANCISCO, May 12- To mark the Cinco de Mayo holiday this year, Domino's Pizza festooned its Facebook page with a string of posts, including an image of a Mexican-themed guacamole pizza that garnered over 2,000 "likes".
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Major retailers like Wal-Mart, J.C. Penney, Gap, Nike and Target are feeling a new degree of pressure to re-assess global sourcing strategies. And that may prompt them to take some potentially costly steps.
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Despite a recent jump in Coach's share price on signs of stabilization, Goldman Sachs issued a research note saying that the retailer's turnaround may be just midway through.
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*EU considers action on Bangladesh, including trade preferences. DHAKA, May 2- The European Union is considering trade action against Bangladesh, which has preferential access to EU markets for its garments, to pressure Dhaka to improve safety standards after a building collapse killed more than 400 factory workers.
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Check out which companies are making headlines after the bell Wednesday:
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The European Union voiced strong concern over labor conditions in Bangladesh after a building collapse there killed hundreds of factory workers, and said it was considering action to encourage improvements.
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*EU considers action on Bangladesh, including trade preferences. May 1- The European Union voiced strong concern over labour conditions in Bangladesh after a building collapse there killed hundreds of factory workers, and said it was considering action to encourage improvements, including the use of its trade preference system.
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April 30- The Retail Council of Canada said on Tuesday it will develop a new set of trade guidelines in response to last week's deadly collapse of a Bangladesh garment factory complex that manufactured apparel for western retailers including Loblaw Cos Ltd..
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When Jason Collins stepped out of the closet, he opened the door to marketing opportunities that go with the fame of doing something first, sports marketing experts said Tuesday.
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There are companies who will want to associate with Collins. But, as they say, it's not a slam dunk.
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*Primark, Loblaw say will compensate victims' families. *Angry scenes as building owner brought to Dhaka court. With no hope left of finding further survivors, heavy machinery has been brought in to clear the mass of concrete and debris from the site in the commercial suburb of Savar, about 30 km from the capital Dhaka.
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The world's second-wealthiest man explains to CNBC why workers in Europe and other parts of the developed world are at the "best" part of their career after they reach their 60s.
Tuesday, 18 Jun 2013 | 10:00 AM ETViolent protests broke out in eight Brazilian cities last night, with the worst violence occurring in Rio de Janeiro. Thousands of protesters threw Molotov cocktails and anything else they could find. The protests began over a 10-cent increase in bus and subway fares.
Tuesday, 18 Jun 2013 | 11:05 AM ETFBI Deputy Director Sean Joyce describes how NSA surveillance helped to detect and thwart a plot to bomb the NYSE.