Women's apparel retailer Charming Shoppes Inc posted a narrower third-quarter loss as fewer discounts resulted in improved gross margins, and said it entered the fourth quarter with much less carry-over inventory.
Sales at Fast Retailing's Uniqlo casual-clothing chain rose 7.9 percent in November from a year earlier, bucking an industrywide slump, as cost-conscious shoppers flocked to its heat-retaining "Heattech" shirts and other winter items.
A rare, 5-carat pink diamond was auctioned off for a record $10.8 million in Hong Kong, putting some shine back into the world's rare and large stones market which was badly hit by the financial crisis.
When Latvia's economy blossomed, Lotte Tisenkopfa was skeptical. "I saw very well that the bubble's going to burst," Tisenkopfa said, and as she kept watch on the looming crisis, she and her three friends founded Madana, a cosmetics company.