Participants in the U.S. credit derivative market are considering whether payments on credit default swaps insuring the debt of Kellwood Co will need to be made after the company last week failed to repay some of its debt.
VF Corp reported a lower quarterly profit that nevertheless beat Wall Street estimates, helped by cost controls and inventory management. The company also stood by its 2009 forecast and its shares rose.
Shares in Blacks Leisure fall 6% after the outdoor goods retailer is cut to "sell" from "hold" by broker Altium Securities. Blacks last week reported a like-for-like sales fall of 1.8 percent in the first 19 weeks of its fiscal year.