Gap Shuffles Managers As Sales Decline Further

Article Abstract:

San Francisco, Calif.-based Gap Inc., which has been suffering from financial decline, has announced the resignation of its product design chief. Gap, which owns the Old Navy and Banana Republic chains, will introduce a new television advertising campaign.

Strategy & planning, Family clothing stores, Management, The Gap Inc., GPS, Clothing stores

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Net retailer FTD.com posted profit in quarter

Article Abstract:

FTD.com Inc. posted $2.3 million (2.5 million euros) in net income for the second-quarter period. The profit was the second such period in a row for the company since it went public in September 1999.

Sales, profits & dividends, On-Line Information Services, Videotex & Teletext, Telegraph & other communications, Nursery and Floriculture Production, AGRICULTURAL PRODUCTION--CROPS, Seeds, Flowers & Bulbs, Finance, Services, Online services, Internet services, Horticultural products, Flowers, FTD.com Inc.

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Washington Mutual takes Manhattan, extends empire

Article Abstract:

Washington Mutual has acquired Dime Bancorp for $4.98 billion (5.79 billion euros) in stock and cash. The acquisition widens Washington Mutual's presence in the mortgage sector.

Asset sales & divestitures, Acquisitions & mergers, Savings & Loan Assns, Savings Institutions, Mortgage Bankers and Brokers, Mortgage Bankers & Brokers, Mortgage and Nonmortgage Loan Brokers, Banking industry, Mergers, acquisitions and divestments, Mortgage banks, Savings and loan associations, Dime Bancorp Inc., Washington Mutual Inc., DME, WAMU

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