The Gap Inc. (NYSE:GPS) will increase the minimum hourly rate it pays American employees from $9 per hour in 2014 to $10 per hour in 2015. The Gap Inc. (NYSE:GPS) stock opened at $42.83 in last session, and closed at $42.92, while the day range of The Gap Inc. (NYSE:GPS) stock is $42.81 – $43.35. The stock showed a positive weekly performance of 1.37%.
Men’s Wearhouse is stepping up its pursuit of Jos. A. Bank Clothiers Inc., (NASDAQ:JOSB) boosting the takeover offer for its rival by 10 percent to about $1.78 billion. The move comes 10 days after Jos. A. Bank announced it was planning to buy the parent company of Eddie Bauer in a cash-and-stock deal valued at $825 million. Jos. A. Bank Clothiers Inc. (NASDAQ:JOSB) stock opened at $59.37 in last session, and closed at $60.04 by gaining 9.06%. The 52 week range of $38.36 – $60.14. Company’s market capitalization is $1.68B.
American Eagle Outfitters (NYSE:AEO) was downgraded by analysts at TheStreet from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Analyst RN reports. American Eagle Outfitters (NYSE:AEO) stock decreased -1.01% and finished the last session at $13.79. The EPS of the stock remained 0.84. Company’s market capitalization is $2.66B.
Men’s Wearhouse Inc. (NYSE:MW) said Monday that it was boosting its takeover offer for Jos. A. Bank yet again, spurring hopes that the months-long saga might finally be coming to an end. Men’s Wearhouse raised its takeover offer for its rival by 10 percent to about $1.78 billion. Shares of both companies rose. The Men’s Wearhouse, Inc. (NYSE:MW) stock opened the session at $48.01, and closed the session at $48.51. The 52 week range of the Men’s Wearhouse, Inc. (NYSE:MW) stock remained $27.47 – $52.72 and the day range was $47.85 – $49.46.
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