Industrials

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.

On fleeting Hong Kong trips, Chinese make frugal fashionable

Armed with empty suitcases and same-day return tickets, an army of mainland Chinese is descending on suburban outlet shopping malls and international fashion chains in Hong Kong, turning cheap into the new chic as luxury falls out of favor.

U.S. retail group criticizes Bangladesh safety accord

A major U.S. retail trade group on Wednesday spoke out against a Bangladesh fire and building safety accord agreed to by mostly European companies, saying that signing on would expose American companies to a legally questionable binding arbitration provision.

EADS 1Q Operating Profit Jumps

Core profit at Airbus parent EADS rose sharply in the first quarter after the passenger jet maker raised output of its most profitable planes.