NEW YORK-- The Clinton Group Inc., which is in a proxy fight with Wet Seal Inc., said Wednesday that the retailer has reneged on an offer to give up majority control of its board. However the Clinton Group said that Wet Seal's banker contacted the firm on Tuesday and said "It appears you have won".
Oct 3- Activist investor Clinton Group, which is engaged in a proxy battle with Wet Seal Inc, on Wednesday claimed that the retailer backtracked on an offer to give it majority control of the board.
FOOTHILL RANCH, Calif.-- The Wet Seal Inc. said Tuesday that revenue from its stores open at least a year fell nearly 13 percent for September. Wet Seal said this measure fell 12.6 percent at its namesake stores, which target teenagers, and fell 13.6 percent at its Arden B stores for young women during the five-week period that ended Sept. 29.
Oct 1- Wet Seal Inc:. *The Wet Seal Inc issues letter to shareholders. recent day trading of Wet Seal shares.
Stocks closed lower in thin trading Thursday after a round of interest rate cuts by major central banks and as investors remained cautious ahead of Friday’s key government jobs report.
Futures turned negative again in choppy pre-market trading Thursday as grim comments from ECB President Mario Draghi weighed on sentiment and even trumped a pair of better-than-expected employment reports.
Stocks closed lower Thursday with all three major averages logging their worst May since 2010, driven by mounting concerns over the euro zone debt crisis in addition to worries over a slowing U.S. economy.
U.S. stock index futures pared their early Thursday following a pair of weak jobs data and after news the economy grew at a slower pace than expected.
Stocks finished in negative territory Thursday, with the S&P falling below its key 1400 milestone, weighed down by a weak ISM non-manufacturing report and as investors stayed cautious ahead of Friday's government jobs data.
U.S. stock index futures climbed Thursday, boosted by a better-than-expected jobless claims report.
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Stocks plunged sharply Thursday, with the Dow down more than 500 points, in its worst one-day decline since December 2008. All three major averages tumbled into negative territory for the year as investors were rattled over an intensifying global economic slowdown and ahead of the widely-followed monthly unemployment report.