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Latest news for Apparel

Bargain-hunters fail to save November retail sales (Reuters)

02-12-2008 00:41

Reuters - Bargain-hunting holiday shoppers did not save U.S. retail sales in November, which will likely represent a second straight month of declines for the industry.

Asia stocks slide as global outlook darkens (Reuters)

02-12-2008 00:39

Specialists work on the floor of the New York Stock Exchange in New York, November 25, 2008. (Lucas Jackson/Reuters)Reuters - Asian equities slid on Tuesday after signs of a deepening global economic slump slammed stocks worldwide the previous day, driving benchmark U.S. Treasury yields to their lowest since the 1950s.

Tata's Corus to cut work hours of 4,600 staff: report (Reuters)

01-12-2008 20:14

Shadow of Managing Director of Tata Steel Ltd., B. Muthuraman, falls on the company logo while presenting the company's quarterly results in Mumbai May 17, 2007. (Arko Datta/Reuters)Reuters - Tata Steel unit Corus has applied for Dutch government financial aid to temporarily reduce the work hours of 4,600 workers to cope with the global economic slowdown, Dutch news agency ANP reported on Monday.

U.S. automakers rush to finish plans for Congress (Reuters)

01-12-2008 20:05

New built Opel cars are pictured at a plant of German car manufacturer Opel in Bochum November 17, 2008. (Ina Fassbender/Reuters)Reuters - U.S. automakers led by General Motors Corp on Monday rushed to finish restructuring plans demanded by Congress before lawmakers reopen the debate this week on the $25 billion in emergency funding the industry says it needs to survive.

JPMorgan to cut 9,200 Washington Mutual jobs (Reuters)

01-12-2008 18:10

The wind blows the JPMorgan Chase flag outside its building in New York, March 17, 2008. (Chip East/Reuters)Reuters - JPMorgan Chase & Co said on Monday it will eliminate about 9,200 jobs at the former Washington Mutual Inc , which on September 25 became the largest U.S. bank to fail.

TSX suffers biggest net drop ever (Reuters)

01-12-2008 17:55

Reuters - Toronto's main stock index tumbled 864 points on Monday, its deepest net drop ever, as sliding commodity prices, gloomy U.S. economic news and the urge to take profits after six straight days of gains prompted a sell-off that hit every market sector.

Bernanke says Fed has options as rates near zero (Reuters)

01-12-2008 17:52

Federal Reserve Chairman Ben Bernanke on Capitol Hill, November 18, 2008. (Molly Riley/Reuters)Reuters - Federal Reserve Chairman Ben Bernanke on Monday urged decisive action to protect the economy and said the central bank had alternative tools it could employ to help as interest rates approach zero.

Latam stocks fall on news of US recession (AP)

01-12-2008 17:46

AP - Latin American stocks fell sharply on Monday, dragged down by confirmation in the United States that the world's biggest economy has been in a recession.

Dow loses 679.95 as economy, Bernanke revive fear (Reuters)

01-12-2008 17:43

Traders work on the floor of the New York Stock Exchange, December 1, 2008. (Brendan McDermid/Reuters)Reuters - Stocks tumbled on Monday as signs of a deepening economic slump around the world erased much of last week's sharp gains, with banks and retailers among Wall Street's biggest casualties.

World markets slump on economic gloom (AP)

01-12-2008 17:36

A man walks past an electronic stock indicator in Tokyo, Japan, Monday, Dec. 1, 2008.  Japan stocks lost ground Monday, as cautious investors awaited key U.S. data this week amid ongoing nervousness about the health of the global economy.  The benchmark Nikkei 225 stock average fell 115.05 points, or 1.45 percent, to 8,397.22 in thin trading. (AP Photo/Shizuo Kambayashi)AP - World stocks slumped Monday, giving up about half of last week's gains after a raft of weak economic data from the U.S., Europe and elsewhere renewed fears that the global economy is in the midst of a prolonged economic downturn.