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Stock Market & Financial Investment News

News Breaks
June 19, 2014
07:59 EDTAPPAmerican Apparel CEO firing paves way for potential sale, NY Post says
After American Apparel replaced Dov Charney as chairman and notified him of its intent to terminate his employment as president and CEO for cause, the New York Post reported that insiders believe that the change at the top paves the way for a potential sale of the company. Sources said Charney’s personal conduct with women was among the longstanding issues that contributed to the move, and that the change does not appear to be related to troubles with the company’s operations, the Post added. Reference Link
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October 15, 2014
17:48 EDTAPPAmerican Apparel to make interest payment on bonds, Bloomberg says
According to sources retail chain American Apparel will make an interest payment on its bonds, says Bloomberg. American Apparel will make a payment of about $13M by today’s due date, added Bloomberg. Reference Link
October 9, 2014
10:50 EDTAPPGap falls after announcing CEO Murphy will step down, weak September sales
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