Belgian speciality textile group Sioen Industries reported an 82.2 percent nosedive in 2008 net profit, missing market expectations and prompting it to slash its dividend, and gave a cautious outlook for the future.
Women's plus-size apparel retailer Charming Shoppes Inc posted a narrower-than-expected fourth-quarter loss, but said it will eliminate some of its non-core assets, including its Figure Magazine and website shoetrader.
South Korea warned Wednesday March 18 that it would respond with decisive action if Pyongyang again blocked access to a joint factory park in North Korea, but said it was too early to consider shutting the project down.
Gianfranco Ferre and Malo could be up for sale as financially-strapped owner IT Holding seeks a way out of special administration. A source close to the matter told the company was likely to refocus on production licences through its Ittierre unit.
U.S. lawmakers introduced a bill Wednesday to allow duty-free import of goods made in special zones in Afghanistan and Pakistan in an effort to combat extremism there through investment and job creation.