Italian clothing retailer Benetton will cut its dividend by 30 percent to 0.28 euros per share for 2008, it said on March 18th, joining many companies trying to save cash in the current market turmoil.
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.
U.S. consumer prices rose in February on higher gasoline and apparel prices, government data showed on Wednesday March 11, calming fears of deflation for now. The Labor Department said its closely watched Consumer Price Index rose 0.
German luxury fashion designer Jil Sander is teaming up with Japan's no-frills clothing retailer Uniqlo. Sander -- best known for her minimalist creations for executive women -- said she will now oversee men's and women's apparel at Uniqlo.