WET SEAL DELAY: Wet Seal Inc. delayed reporting its fourth-quarter and year-end results for a second time on Tuesday. The retailer said in a brief statement that it would apply for an extension to file its annual report. The company, which is based in Foothill Ranch, Calif., could not be reached for comment and did not give reasons for the delays. In March, the specialty retailer said it was delaying its quarterly results until April 12. Wet Seal sent out the statement regarding a second delay after the stock markets closed.

BAYH THE RULES: Sen. Evan Bayh (D., Ind.) on Tuesday threatened to block a vote to confirm Rep. Rob Portman (R., Ohio) as U.S. Trade Representative until Senate Republican leaders allow a vote on a bill that would target subsidized imports from China and other nonmarket economies. Senators can effectively block nominations by placing a “hold” on them, according to Senate rules. Bayh is pressing Senate leaders to allow a vote on the Stopping Overseas Subsidies Act, which supporters claim is a nonpartisan effort to combat China’s mounting import surge into the U.S. market of apparel, textiles, furniture, metals and machinery. The measure would permit companies to file unfair trade complaints against nonmarket economies, alleging that import prices are held down because of foreign government subsidies, which harm U.S. producers.

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