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Stock Market & Financial Investment News

News Breaks
August 19, 2014
09:15 EDTAPPAmerican Apparel price target raised to $1.25 from $1 at Roth Capital
Roth Capital increased its price target on American Apparel after the company reported higher than expected core EPS. The firm continues to have an upbeat view on the stock as it thinks the company has broad global appeal, while cost cuts could boost its profitability. Roth keeps a Buy rating on the shares.
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September 30, 2014
18:21 EDTAPPAmerican Apparel board open to letting ousted CEO Charney stay, Bloomberg says
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September 29, 2014
08:37 EDTAPPAmerican Apparel appoints Scott Brubaker as interim CEO, Hassan Natha as CFO
American Apparel announced the appointment of Scott Brubaker as Interim CEO and Hassan Natha as Executive Vice President and CFO, effective immediately. Brubaker is a Managing Director at Alvarez & Marsal, and replaces John Luttrell as Interim CEO. Natha, who replaces Luttrell as CFO, has more than 20 years of experience in finance with both public and private companies, including service as Chief Financial Officer at Fisher Communications, Inc. and Jones Soda Company. John Luttrell, who had been serving as Interim Chief Executive Officer and Chief Financial Officer, is resigning from the company.

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