The company, which is being sued by founder and former CEO Dov Charney, said on Monday it would cut jobs and close stores to slash costs by about $30 million over the next 18 months. American Apparel said there could be no guarantee that even after the restructuring it would have sufficient funds in the next 12 months unless it raised additional capital. “… There can be no guarantee that
The latest on the fallout from the Greek referendum (all times local): __ 3:15 p.m. The Kremlin says Russian President Vladimir Putin received a phone call from Greek Prime Minister Alexis Tsipras, whose …
Yanis Varoufakis quit as Greek finance minister, a move intended to help speed talks with creditors after voters rejected further austerity and escalated tension over the country’s place in the euro. Varoufakis announced the decision in a blog post early Monday, saying there was “a certain preference” among European creditors that he no longer be involved in negotiations. The motorbike-riding economist had sparred openly with counterparts including Wolfgang Schaeuble of
Oil prices fell more than 3 percent on Monday after Greece rejected debt bailout terms and China rolled out emergency measures to support its stock markets, adding to concerns about demand at a time of global oversupply. A strong dollar tends to pressure commodities as it makes fuel more expensive for holders of other currencies. Commodities were also sucked into market turmoil that has seen Chinese shares fall as much
U.S. stock-index futures slid, signaling the Standard & Poor’s 500 Index will extend its steepest weekly drop since March, after Greek voters’ unexpectedly emphatic rejection of austerity measures raised the risk of a euro exit.
The latest on the bailout referendum in Greece (all times local): __ 1:25 p.m. The German Finance Ministry says a reduction in Greece’s debt mountain isn’t on Germany’s agenda. Ministry spokesman Martin …
They may be from Beverly Hills, but wherever the #RichKids go, drama follows closely behind. Last night, Morgan Stewart and Brendan Fitzpatrick took their friends on a trip to…
Simon Cowell’s mother Julie Cowell died Sunday at the age of 89. In the wake of her passing, X Factor U.K. auditions scheduled to begin Monday in Manchester have been cancelled….
The Real Housewives of Orange County is about to get very real. In the preview for tonight’s episode, OG Housewife Vicki Gunvalson is at Shannon Beador’s house for game night when she…
The Real Housewives of Secaucus starring Amy Schumer? Where do we sign up? The Trainwreck writer and star is pitching herself for Bravo’s Real Housewives franchise in the video above and,…
