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Hanes pulls out of Europe and Facebook makes others wary

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    Elizabeth MacDonald’s business update

  • Duration 1:12
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Are.

Another American company feeling the pinch from Europe closed.

-- is getting out of a clothing business over there the company is selling its image weird division.

Which includes all of its European sales -- this is just the latest US company taking measures to limit its risk from Europe's financial mess.

And those same -- Stocks lower again right here those -- right.

Mortgage rates still not sparking a housing rally future contracts for previously owned homes falling in April to a four month low.

Mortgage rates have been below 4% for most of the year.

And Facebook's stock fiasco is scaring away one Internet company's plans to go public.

Online travel site kayak is reportedly pushing back its initial public offering.

FaceBook shares dropping about 25%.

Since its IP -- on May eighteenth.

Apparently it's not only America that runs on Dunkin' Donuts and coffee and donut chain.

-- you'll open up to -- -- fifty new stores overseas this year.

-- them coming in the Asia Pacific region.

That's business Liz MacDonald.