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Gap plans to compensate suppliers

Bloomberg Gap Inc will work collaboratively with its vendors to compensate them in full for finished goods and goods in production that were canceled or subject to pack and hold. The owner of the Old Navy and Banana Republic apparel chains has also extended payment terms on certain orders and is providing low-cost financing to suppliers, according to a statement ...

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Trump vows to sign executive order on US immigration laws

Bloomberg President Donald Trump said he would seek sweeping changes to US immigration policy through an executive order, suggesting he might create a “road to citizenship” for certain migrants brought to the country illegally as children and shift the criteria for new arrivals to a “merit-based” system. The new effort will be unveiled “over the next four weeks,” Trump said ...

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Trump commutes prison sentence of ally Roger Stone

Bloomberg President Donald Trump has commuted the sentence of Roger Stone, sentenced to more than three years in prison for witness tampering and lying to Congress, in a move that will keep his former campaign adviser from serving time behind bars. The decision, announced in a White House press release, came after Trump had repeatedly criticised the judge, prosecutors, and ...

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