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Hanes pulls out of Europe and Facebook makes others wary
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Description
Elizabeth MacDonald’s business update
- Duration 1:12
- Date May 30, 2012
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Elizabeth MacDonald’s business update
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-- Another American company feeling the pinch from Europe closed.
Hayes is getting out of a clothing business over there the company is selling its image -- division.
Which includes all of its European sales -- this is just the latest US company taking measures to limit its risk from Europe's financial mess.
And those same -- Stocks lower again right here those direct.
Mortgage rates still not sparking a housing rally future contracts for previously owned homes falling at April to a four month low.
Mortgage rates have been below 4% for most of the year.
And FaceBook stock fiasco is scaring away -- Internet company's plans to go public.
Online travel site kayak is reportedly pushing back its initial public offering.
FaceBook shares dropping about 2.5 percent since its IPO on May eighteenth.
Apparently it's not only American that runs on Dunkin' Donuts and coffee and donut chain.
Saying you'll open up to foreign fifty new stores overseas this year.
-- them coming in the Asia Pacific region.
That's -- -- some Liz MacDonald.