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Gap backs annual profit forecast after retailer confirms net income, sales fell in 2Q

2015-08-20 22:49:51| Apparel - Topix.net

Gap is keeping its fiscal-year profit forecast unchanged after further struggles in the second quarter marked by weakness at its namesake and Banana Republic stores that offset rising sales at Old Navy. The San Francisco company also said Thursday its plan to close 175 Gap stores in North America, as well as some locations in Europe, will cost a bit less than it expected.

Tags: in net sales annual

CIT backs Douglas and ACP's Vikane and ProFume acquisition

2015-08-06 02:01:09| Chemicals - Topix.net

CIT Group Inc. cit.com, a leading provider of commercial lending and leasing services, today announced that CIT Sponsor Finance provided senior secured credit financing to Altamont Capital Partners and Douglas Products, LLC to acquire the Vikane and ProFume businesses from Dow AgroSciences . ACP is a San Francisco Bay area private equity firm focused on middle market businesses and partnering with leading management teams to help them reach their full potential.

Tags: acquisition douglas backs cit

New U.S. airline group backs Gulf carriers in Open Skies dispute

2015-08-04 01:41:53| Airlines - Topix.net

A challenge by U.S. airlines that accuses three Gulf carriers of distorting competition via government subsidies took another turn on Monday with the formation of a U.S. airline group that backs the Gulf-carriers' cause. Four long-time supporters of U.S. Open Skies agreements with Qatar and the United Arab Emirates, which remove restrictions on flying to and from those states, have formally banded together to create the U.S. Airlines for Open Skies Coalition.

Tags: group open airline carriers

JetBlue Meets Q2 Earnings, Backs Capacity Growth View

2015-07-29 11:58:04| Airlines - Topix.net

's second-quarter earnings met Wall Street expectations Tuesday, and the budget carrier reaffirmed its capacity growth guidance. Q2 earnings jumped 131.6% to 44 cents per share, in line with expectations of analysts polled by Thomson Reuters.

Tags: view growth capacity meets