Heather Harris News
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Amid an international outcry and promises by retailers to improve worker safety, Bangladesh is struggling to conduct even a crude assessment of the country’s garment factories.
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Kmart, the Australian discount department-store unit of Wesfarmers Ltd., said it ceased production earlier this month at a Bangladesh clothing factory and evacuated workers after the plant was designated unsafe.
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After hours of digging in the ruins of Rana Plaza, rescuers heard a voice: Pakhi Begum, 25, her legs pinned under a mountain of concrete.
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The Boston Marathon bombing that killed three people and injured more than 170 may also have unintended consequences for a Spanish company more than 3,000 miles away.
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Jessops, the U.K. camera chain that collapsed in January, reopened a store on London’s Oxford Street as buyer Peter Jones of “Dragons’ Den” television fame said the retailer promised “a change in how we shop.”
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Elan Corp. plans to buy back $1 billion of stock, equal to 16 percent of the company’s market value, after selling its stake in the Tysabri multiple sclerosis drug to Biogen Idec Inc.
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Travis Perkins Plc rose for a sixth day, the longest streak in more than five months, after analysts said the builders merchant may profit most among its peers from new U.K. initiatives to assist home purchases.
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Optos Plc, the maker of the Daytona retinal imaging device, fell the most in 10 months after saying second-quarter earnings will be lower than anticipated because the diagnostic tool is selling more slowly than it forecast.
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Merck KGaA’s experimental tumor- fighting drug cilengitide failed to help patients with a form of brain cancer in a late-stage clinical trial, adding to recent drug-development setbacks for the company.
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Sirius Minerals Plc rose for a fourth day, the longest winning streak in eight months, as investors warmed to its plan for a potash mine that may hold the largest deposit of a mineral used to make the fertilizer.
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