Ex-CEO Of American Apparel Inc (NYSEMKT:APP) Files Defamation Lawsuit Against Investor

The dismissed chief executive of American Apparel Inc (NYSEMKT:APP), Dov Charney has filed a defamation suit for $30 million against a hedge fund based in New York. Jones Day and American Apparel are excluded from the lawsuit. According to Dov Charney’s lawsuit in the Superior Court, Los Angeles, the hedge fund, which holds a large […]

Can RadioShack Corporation (NYSE:RSH) Delay Bankruptcy Filing?

Boston, MA 08/28/2014 (wallstreetpr) – RadioShack Corporation (NYSE:RSH) is in need of capital infusion, in the absence of which it can face a cash crunch next year. It is in talks with shareholder Standard General for getting rescue financing package. Standard General owns 7% of RadioShack’s shares as of June 30, 2014. Since then, it […]

American Apparel Inc (NYSEMKT:APP) Makes It Hard For Ousted CEO To Regain Control Of The Company

Boston, MA 07/01/2014 (wallstreetpr) – American Apparel Inc (NYSEMKT:APP) has moved to deny ousted CEO Dov Charney an opportunity to take control of the company. The development comes at a time when Charney showed interest in taking over the control of the company through acquisition of more shares and supporting the increase of board membership. […]

The Board Of American Apparel Inc (NYSEMKT:APP) Adopted Stockholder Rights Plan

Boston, MA 06/30/2014 (wallstreetpr) – American Apparel Inc (NYSEMKT:APP) on June 28, 2014 announced that the Special Committee of Board of Directors of the company adopted one-year stockholder rights plan, which is typically created for strengthening the ability of this Board in order to provide immunity to the stockholders of APP. The Stockholder Rights Plans: A […]

Wall Street Briefing: Nanosphere, Inc. (NASDAQ:NSPH), American Apparel Inc (NYSEMKT:APP), Sinclair Broadcast Group Inc (NASDAQ:SBGI)

Boston, MA 06/26/2014 (wallstreetpr) – Nanosphere, Inc. (NASDAQ:NSPH) rallied more than 16 percent on Wednesday during which more than the average volume of shares changed hands on the back of positive development in the company. The company announced that the U.S. Food and Drug Administration cleared the bacterial portion of its Verigene Enteric Pathogenic Nucleic […]

American Apparel Inc (NYSEMKT:APP)’s Ousted Chairman May Hit Back Hard

Boston, MA 06/20/2014 (wallstreetpr) – A chain of retail store operator of branded fashions basic apparel and accessories, American Apparel Inc. (NYSEMKT:APP) is likely to face tougher days in the coming weeks or months following the firing of Dov Charney as its chairman and CEO of the company. The company’s interim chairman himself predicts a tough […]

American Apparel Inc (NYSEMKT:APP) Sends CEO Packing

Boston, MA 06/19/2014 (wallstreetpr) – American Apparel Inc (NYSEMKT:APP) has acted without fear or favor to send home its founder, president and chief executive officer. The going had become unbearable for the company that cutting ties with the CEO seemed to be the textbook thing to do at this juncture. The company, which faces falling sales […]

American Apparel Inc (NYSEMKT:APP) Presents 1Q 2014 Financial Results

Boston, MA 05/14/2014 (wallstreetpr) – On May 12, 2014, a leading vertically integrated producer, distributor and also retailer of branded fashionable apparels, American Apparel Inc (NYSEMKT:APP), revealed its financial results for the quarter ended March 31, 2014. The statistics The net sales of the company declined 1% to reach $137.1 million on a 7% hike […]

American Apparel Inc (NYSEMKT:APP): Bounce Back To Business

Boston, MA 04/28/2014 (wallstreetpr) – NYSE MKT LLC has issued a letter to American Apparel Inc (NYSEMKT:APP) on April 15, 2014 indicating that the Company resolved the listing deficiency. On February 28, 2014, the Exchange identified the retailer is not following the compliance of listing standard. The letter becomes a big relieve for the Company to […]

Movers: Capstone Turbine Corporation (NASDAQ:CPST), American Apparel Inc. (NYSEMKT:APP), You On Demand Holdings, Inc. (NASDAQ:YOD)

Boston, MA 03/05/2014 (wallstreetpr) – Capstone Turbine Corporation (NASDAQ:CPST) soared Tuesday on good news that the company received two orders to deliver one Capstone C1000 and another two Capstone C800s. These will be used in two hospitals in Southern California. This deal totals about 2.6 megawatts of energy and its commissioning is expected in late […]

American Apparel Inc. (NYSEMKT:APP)’s Troubles Deepen

Boston, MA 02/21/2014 (wallstreetpr) – American Apparel Inc. (NYSEMKT:APP)’s troubles are far from over, in fact they appear to be worsening. The company saw an overall decrease in sales in January 2014. The First Month: The first month after the holiday season is always tough on retailers as consumers shy away from purchasing. But the figures […]