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N.C. cities approve $1.2B deal with Duke Energy; sale could close soon
2015-06-17 00:59:25| Energy - Topix.net
All the cities in the N.C. Eastern Municipal Power Authority have now approved the necessary contracts to sell Duke Energy Progress $1.2 billion worth of their power-generation assets. Now Charlotte-based Duke needs only to gain final approval from state and federal regulators for the deal to be completed.
Gap to close 175 stores and cut 250 jobs
2015-06-16 16:57:00| Daily apparel & textile news and comment - from just-style.com
US clothing retailer Gap Inc is to shutter 175 of its namesake stores in the US and axe 250 head office jobs as it tries to increase profitability and speed decision-making at the struggling brand.
Tom Ford close to death
2015-06-16 13:31:06| Apparel - Topix.net
Tom Ford thinks he would have died if he hadn't curbed his excessive drinking, but now his life is better than ever. The 53-year-old designer - who has two-year-old son Jack with husband Richard Buckley - admits his drinking spiralled ''out of control'' when he was in his 40s, and his problems escalated when he left Gucci in 2004.
Gap to close 175 stores, cut jobs at headquarters
2015-06-16 04:02:30| Apparel - Topix.net
Apparel retailer Gap Inc said it would close a quarter of Gap specialty stores in North America over the next few years, including 140 this year, potentially affecting thousands of jobs as the company struggles with a slump in sales at its namesake brand. REUTERS: Apparel retailer Gap Inc said it would close a quarter of Gap specialty stores in North America over the next few years, including 140 this year, potentially affecting thousands of jobs as the company struggles with a slump in sales at its namesake brand.
Retailer Gap to close 175 stores
2015-06-16 00:42:12| BBC News | Business | UK Edition
Clothing retailer Gap is to close 175 stores across North America over the next few years as it attempts to restore flagging sales.
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