Posts Tagged Consumer products and services

Big retailers back safety accord in Bangladesh

A Bangladeshi soldier stands at the site where a Bangladesh garment-factory building collapsed on April 24 in Savar, near Dhaka, Bangladesh, Monday, May 13, 2013.Nearly three weeks after the building collapsed, the search for the dead ended Monday at the site of the worst disaster in the history of the global garment industry. (AP Photo/A.M. Ahad)

NEW YORK (AP) — Some of the world’s largest retailers have agreed to a first-of-its-kind pact to improve safety at some of Bangladesh’s garment factories following a building collapse that killed more than 1,100 workers in the country last month.

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LinkedIn looks to build on its impressive resume

In this Tuesday, May 7, 2013, photo, LinkedIn CEO Jeff Weiner, right, and company co-founder Reid Hoffman sit in the lobby of LinkedIn's Mountain View, Calif., headquarters. LinkedIn and Facebook celebrate the anniversaries of their IPOs just a few days apart this week. But the companies' experiences as publicly traded entities couldn't be more different. LinkedIn promotes its service as a stepping stone to a more enriching career. As it turns out, the professional networking company's IPO was a great place to start a rewarding investment portfolio, too. LinkedIn's stock has nearly quadrupled in value from its $45 IPO price two years ago. (AP Photo/Noah Berger)

MOUNTAIN VIEW, Calif. (AP) — LinkedIn and Facebook will celebrate the anniversaries of their IPOs just a few days apart this week. But their experiences as publicly traded companies couldn’t be more different.

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Stocks open lower despite rise in retail sales

Traders Daniel Trimble, left, and Christopher Morie on the floor of the New York Stock Exchange Monday, April 29, 2013.  Japan's stock market jumped Monday May 13, 2013 to its highest close in more than five years after global finance leaders gave a seal of approval to the country's stimulus program and refrained from criticizing its weakening effect on the yen. (AP Photo/Richard Drew)

NEW YORK (AP) — A record-breaking rally in stocks paused Monday as investors assessed whether the rise in stock valuations overstated the recent improvement in the economy.

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Sunday, May 12, 2013

House oversight chief plans to seek depositions of veteran diplomat, former Joint Chiefs chair

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Bangladesh to raise wages for garment workers

A Bangladeshi woman reacts holding her son's daughter after her son's body was found after the April 24 garment factory building collapse in Savar, near Dhaka, Bangladesh, Sunday, May 12, 2013. Search teams resumed their rain-interrupted work Sunday as the death toll from the collapse continued to climb past 1,100. (AP Photo/Ismail Ferdous)

DHAKA, Bangladesh (AP) — Bangladesh’s government plans to raise the minimum wage for garment workers after the deaths of more than 1,100 people in the collapse of a factory building focused attention on the textile industry’s dismal pay and hazardous working conditions.

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