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Updated: 54 min 26 sec ago
H&M approves safety standards for Bangladesh factories
Swedish fashion retailer H&M said Monday that it will sign up to a legally binding fire and building safety plan drawn up by unions in Bangladesh, following the deaths of more than a thousand garment workers in a building collapse there last month. The company described safety issues as "extremely important," saying that it supports the Accord on Fire and Building Safety in Bangladesh, in...
Detroit is 'clearly insolvent,' emergency manager says
Michigan's biggest city is "clearly insolvent" and needs many fixes including to its pension system and labor agreements to addresses its problems, according to a report outlining the state of Detroit's finances. "The City of Detroit continues to incur expenditures in excess of revenues despite cost reductions and proceeds from longterm debt issuances," the city's recently installed emergency man...
H&M supports safety standards for Bangladesh factories
Swedish fashion retailer H&M said Monday that it will sign up to a legally binding fire and building safety plan drawn up by unions in Bangladesh, following the deaths of more than a thousand garment workers in a building collapse there last month. The company described safety issues as "extremely important," saying that it supports the Accord on Fire and Building Safety in Bangladesh, in...
Stocks are mixed; banks tick up
Stocks pared their early gains to turn narrowly mixed Monday, but investors hesitated to jump in following last week's rally that pushed the Dow and S&P 500 to new record highs amid worries that the Federal Reserve may wind down its bond-buying program sooner than expected.(Read More: Why 'Boring, Dull, Passive' Investing Is Working)"This week, we'll be subject to global headlines more than th...
