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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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April 16, 2015
11:52 EDTAPPAmerican Apparel factory workers file new complaints to Labor Board, WWD reports
American Apparel factory workers may be close to formally organizing after four new grievances filed with the National Labor Relations Board, reports WWD. The complaints all cite varying violations of the National Labor Relations Act, alleging that American Apparel interfered with workers' rights to talk with union organizers. Reference Link

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