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Stock Market & Financial Investment News

News Breaks
December 31, 2012
09:16 EDTGILGildan Activewear got NYSE reprimand for not notifying exchange of meeting date
Gildan Activewear disclosed in a regulatory filing that the company received a letter from the New York Stock Exchange that constitutes a public reprimand by the Exchange to Gildan as a result of its failure to provide timely notification to the Exchange of the record date for the Company's upcoming annual meeting scheduled for February 7, 2013. In the letter, the NYSE stated, "The Company acknowledged that it notified the Toronto Stock Exchange, the principal trading market for the Company's common shares, of the record date on November 8, 2012. However, due to an administrative error, the Company did not report this information to the Exchange until December 21, 2012. The Company therefore failed to make a timely notification to the Exchange pursuant to Sections 204.21 and 401.02...the Exchange [has elected to issue] a public reprimand letter to [the] listed company that has violated a listing standard as an alternative to suspending trading in or delisting the listed company."
News For GIL From The Last 14 Days
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August 19, 2014
08:03 EDTGILCarter's has favorable risk/reward, says Goldman
Goldman said cotton prices are at a 5-year low and basic apparel companies Carter's (CRI) which is Buy rated, Gildan (GIL), and HanesBrands (HBI), both Neutral rated, are the most leveraged to the lower prices. The firm believes Carter's offers the best exposure to lower cotton prices and notes leadership in kids apparel and branding offering.

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