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Stock Market & Financial Investment News

News Breaks
June 26, 2014
07:23 EDTAPPAmerican Apparel CEO issues deeper than headline-making antics, WSJ says
Allegations of sexual antics from American Apparel CEO Dov Charney have commanded the headlines, but his ouster is predicated on issues he contributed to that saw the business fall into "almost complete disarray" and lurch "from one crisis to another," said The Wall Street Journal, citing people familiar with the situation. Among the "several bottlenecks that plagued the fashion chain" were issues that started after Charney began signing all of the company's checks early this year, according to the report. Reference Link
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January 23, 2015
09:10 EDTAPPAmerican Apparel rumored to prepare to accept $1.30 per share bid, FT blog says
American Apparel, which previously rejected a $1.40 per share takeover bid as too low, appears to have had a "rethink" and it "appears that $1.30 is just right now" and "a deal is just about done," according to posts in a Financial Times Alphaville Markets Live chat. The chat cautioned that the comments are "market chatter information that has not been formally tested through traditional journalistic channels." Reference Link

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