Industry
Gap raises forecast; to open 40 stores in India
Apparel retailer Gap Inc raised its full-year profit forecast, encouraged by strong sales of its lower-priced Old Navy clothes, and said it would open 40 stores in India as part of its strategy to expand in emerging markets.
Class action against Facebook attracts 60,000 users
An Austrian law student said his class action challenging Facebook (FB.O) for alleged privacy violations had gathered support from 60,000 users and passed its first legal review.Max Schrems, who already has a case involving the social network pending at the European Court of Justice, is claiming damages of 500 euros ($663) per user from U.S.-listed Facebook. The $195 billion company has 1.32 billion active users.
Boeing says completed key design review for space taxi
Boeing Co (BA.N) has completed a key review of its design for a new commercial venture to fly astronauts to the International Space Station, making it the only one of four rival bidders to finish the NASA work on time, company officials said on Thursday.
Gold near two-month low; set for weekly drop on interest rate fears
Gold held near a two-month low on Friday and was headed for its worst week in five, hurt by strong U.S. economic data and fears that the Federal Reserve could hike interest rates sooner than expected.