On May 15, Strathcona, which already owns 9.2% of MEG Energy, unveiled a cash-and-stock bid to acquire the oil sands producer. The offer is for 4.10 Canadian dollars ($2.97) in cash and 0.62 of its ...

The story was different at Banana Republic and Athleta stores, however, with quarterly sales down 3% and 6% respectively. Gap has worked to "reset" Athleta, but that will take time, the company said.

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