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.
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.
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.
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.
Italian eyewear production has fallen more than 10 percent during the first quarter, following a decline which started with weakening demand last year, the head of industry body Anfao said on Thursday.