Global Markets 2011 - Special Report

Margaret Brennan

CBS News Correspondent


  • Oil Refinery in California

    Saudi Arabia's domestic development efforts could provide a much-needed financial boost to firms outside of the Kingdom.

  • A Circuit City store in Mount Laurel, New Jersey.

    Electronics retailer Circuit City Stores reached an agreement with liquidators on Friday to sell the merchandise in its 567 U.S. stores after failing to find a buyer or a refinancing deal.

  • retail_sale_sign2.jpg

    Computer screens burned bright this season as shoppers avoided the mall and surfed the internet for Christmas bargains. E-commerce was one of the few bright spots in an otherwise dismal holiday.

  • Shopper with Bloomingdales Bags

    With American consumers frozen, Macy's is chasing shoppers overseas. The nation's largest department store is making its first entrance into the international market by opening two upscale Bloomingdales stores in Dubai.

  • american_apparel_store1.jpg

    Good news for American Apparel: the company was able to reach an agreement on a new mended credit agreement with its lead bank. It is a positive in this tight lending environment to see a company lock in a credit line or letter of credit.

  • american_apparel_store2.jpg

    As Dov Charney’s personal team winds up its appeal of the latest sexual harassment case against him, there has been a fairly-major reshuffling of the management team that has left Chief Financial Officer Ken Cieply on a job hunt. Back in May, Chief Financial Officer Ken Cieply resigned from American Apparel.

  • Fashion Show

    Getting more foreign models to walk New York city catwalks is apparently a topic more than a few readers feel passionate about. After reading some of your emails, I decided to post a few responses since they seem to cover a wide array of opinion on this sexy slice of the otherwise serious topic of H1-B visa reform.

  • Fashion Model

    Anthony Weiner is sponsoring a bill that gives models “of distinguished merit and ability” their own visa classification (P-4 status) which would group them with entertainers and athletes.

  • Shopper at Talbots

    With the tear that Talbot’s stock price has been on, I think that it is safe to say that investors like what they heard from CEO Trudy Sullivan yesterday. Still that $50 million credit facility that it secured from Japanese retailer Aeon (also TLB’s largest shareholder) is a relatively small step in what will be a big turnaround project.

  • Here are the video clips of my interviews on American companies licensing overseas. Be sure and check out my blog post on this as well.