Shares of U.S. casual-wear retailer American Eagle Outfitters (AEO) are fractionally higher on news it will open its doors in Japan this spring via a franchise contract with the men's suit retailer Aoyama Trading Co., according to Dow Jones Newswires. Aoyama said its joint venture with the trading house Sumikin Bussan Corp. has signed a contract for franchise store chain in Japan for "American Eagle Outfitters" and "Aerie" brands. It is scheduled to open a flagship store in Tokyo's upscale Omotesando shopping district in the spring of 2011. American Eagle shares are up 0.41%, or $0.06, to $14.82.
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up