Industrials

Tinkler gives up half of Whitehaven stake to lender

Struggling Australian tycoon Nathan Tinkler has given up nearly half of his stake in Whitehaven Coal Ltd for about $285 million to pay down debt to a U.S. hedge fund, easing concern about a forced selldown that had weighed on the miner's value.

Gap first-quarter profit rises 43 percent

Gap Inc reported a higher first-quarter profit on Thursday, helped by a rise in same-store sales at its Old Navy and namesake chains, and growth in Asia.

Gap willing to sign Bangladesh safety accord, if tweaked

Gap Inc's chairman and CEO said on Tuesday the U.S. retailer was ready to sign a global accord designed to prevent another deadly disaster in Bangladesh's garment industry, provided there were some "very minor accommodations.