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Gap's slump extends into December as retailer posts a 5 per cent drop in a key revenue measure
2016-01-08 02:17:45| Apparel - Topix.net
Gap's shares dropped in after-hours trading after the retailer reported a sales slump that extended into December that included even Old Navy, once a bright spot for the company. The San Francisco-based clothing retailer, which also operates stores under its own brand as well as Banana Republic, said Thursday that a key sales measure fell 5 per cent for the five-week period ended Jan. 2. By division, the key revenue measure at Gap fell 2 per cent, while Banana Republic posted a 9 per cent drop.
Wall Street lower on China worries, steep drop in oil
2016-01-06 22:57:16| IT Services - Topix.net
REUTERS: U.S. stocks fell on Wednesday as fresh concerns over the impact of a slowdown in China on the global economy, a sharp fall in oil prices and heightened geopolitical concerns sent investors scurrying to safe havens. The year got off to a shaky start on Monday after weak data from China triggered declines in global markets, with the Dow recording its worst first day of the year in seven years, and oil prices weakened further.
Apple Suppliers Drop Globally After IPhone Output Cut Report
2016-01-06 16:56:50| Semiconductors - Topix.net
Apple Inc. suppliers from Asia to Europe fell after a report saying the world's most valuable company would reduce first quarter output of its latest iPhones by about 30 percent. Dialog Semiconductor Plc, which makes chips used in the iPhone and gets most of its sales from Apple, lost as much as 6.6 percent in Frankfurt after Nikkei Asian Review reported the output cut.
Is There Any Value In SodaStream After Its 8% Drop?
2016-01-05 12:14:31| Beverages - Topix.net
I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. With the SodaStream International share price dropping 8% and still trading at a level far lower than its IPO levels, we look to see if there is any value to be found in the stock today for investors.
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United States Steel Co. (X) Bonds Drop 0.4% During Trading
2016-01-02 03:24:28| Steel - Topix.net
An issue of United States Steel Co. bonds fell 0.4% against their face value during trading on Friday, AnalystRatings.NET reports.
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