Seeking Alpha

More details emerge on the safety pact 17 U.S. retailers signed to improved factory conditions...

More details emerge on the safety pact 17 U.S. retailers signed to improved factory conditions in Bangladesh. A total of $42M has already been kicked in to the pool by companies which include Wal-Mart (WMT -0.2%), Target (TGT -0.1%), and Gap (GPS +0.5%) with $100M in loans pledged in the future. An agreement signed by a large number of European retailers is viewed as leaving the group more exposed to liability.
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