Pacific Sunwear of California Inc shareholder NWQ Investment Management Co LLC cut its passive stake in the athletic-clothing retailer to 0.01 percent from 10.87 percent, according to a regulatory filing Nov. 28.
Upscale department store Neiman Marcus posted a sharply lower quarterly profit on Wednesday as its affluent shoppers, facing a deep economic downturn, scaled back their spending. The results from Neiman, which also reported a 14.
The White House reviewed a Democratic plan on Monday to bail out stricken automakers with up to $15 billion in loans, a bid that would also clear the way for longer-term help if industry meets certain conditions.
Greece's weekend riots destroyed about 130 shops in Athens's commercial center and owners of surviving businesses say a Christmas season already overshadowed by global economic crisis may be lost to them altogether.
Japan's top trading firm Mitsubishi Corp plans to buy a roughly 5 percent stake in retailer Aeon for more than $325 million, and the two will work together on foreign buying amid the economic downturn, two company sources said on Saturday.