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Stock Market & Financial Investment News

News Breaks
May 13, 2014
08:46 EDTAPPAmerican Apparel price target raised to 85c from 75c at Roth Capital
Roth Capital raised its price target on American Apparel after the company reported stronger than expected Q1 results and reiterated its 2014 EBITDA guidance. The firm thinks the company's backing of its guidance suggests that its April and May trends are tracking to expectations, and it thinks the company's turnaround is progressing. The firm keeps a Buy rating on the stock.
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July 27, 2015
07:22 EDTAPPAmerican Apparel close to bankruptcy, NY Post reports
American Apparel is on the brink of bankruptcy, the New York Post reports. The retailer is currently short on cash reserves and faces a large bond payment in less than three months, all in addition to piling legal bills over the Dov Charney lawsuit over alleged sexual harassment, the report says. Investors are bracing themselves for all-out bankruptcy when the company releases its quarterly earnings, the report adds. Reference Link
July 15, 2015
14:29 EDTAPPAmerican Apparel stake holder Standard General sues Charney, Reuters says
American Apparel investor, Standard General, has sued the company's ex-CEO Dov Charney for the first time, alleging that the ousted CEO has not made good on promises to the hedge fund and looks to impose an injunction to end his "meritless" and "destructive actions" against the firm, says Reuters, in a report from last night. Reference Link

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