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From American Eagle to American Beagle
American Eagle has had a rough winter. Robert Hanson resigned as the company’s CEO following disappointing holiday sales, and severe winter weather contributed to weak fourth-quarter results.
Interim CEO Jay Schottenstein looked on the bright side as shares dropped nearly 7%, saying that the company was taking steps to bring greater focus and excitement to its product offering and better engage its core customers.
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U.S. court upholds Fed's cap on swipe fees; NRF ‘disappointed’
Washington, D.C. -- The U.S. Appeals Court for the District of Columbia of Friday overturned a lower court's decision in July that favored the merchants and was a setback for banks. The National Retail Federation expressed disappointment with the decision, which will keep the Federal Reserve’s cap on debit card swipe fees at 21 cents rather than reducing it to a lower level.
