Trump budget calls for Wall Street regulators to face restructuring
WASHINGTON, May 22 Two Wall Street financial regulators would face cuts or major structural changes under President Donald Trump's fiscal 2018 budget proposal
NEW YORK Lands' End has not authorized any production in North Korea and is investigating if any products of the Sears Holdings Corp (SHLD.O) unit were made without its knowledge in the country, its chief executive told Reuters on Thursday.
U.S. companies are barred from trading with North Korea. And violations, including the outsourcing of any element of clothing production to the country, are punishable by up to a $1 million fine or 20 years in prison.
"We will take action if warranted, depending on what the investigation finds," Lands' End CEO and President Edgar Huber said.
His response came after NK News reported on Thursday that at least five dress shirts branded with Lands' End labels - but displaying "Made in China" tags - were seen on a rack at North Korea's Sonbong Textile Factory in June.
(Reporting by Dhanya Skariachan; Editing by Richard Chang)
BRASILIA, May 22 Brazil's former president Luiz Inacio Lula da Silva has been charged by prosecutors who said the leftist politician was the mastermind behind the country's biggest bribery scheme.
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