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Shares of American Apparel Inc. fell 22 percent Tuesday after the Los Angeles fashion company said it launched an underwritten public offering of $30.5 million of shares of its common stock in continuing efforts to deal with its dire financial challenges.
BUSINESS PERSONS OF THE YEAR: Agribusiness billionaires Stewart and Lynda Resnick have planted themselves at heart of philanthropic, cultural scenes.
Agribusiness billionaires Lynda and Stewart Resnick have branched out into supporting L.A.’s philanthropic and arts scenes.
TECHNOLOGY: NanoH2O bought for $200 million by South Korea’s LG Chem.
NanoH2O’s sea water desalinization process makes a splash with South Korea’s LG Chem.
Charles Crumpley notes that fracking opponents don’t trust Occidental Petroleum and seconds the emotion.
OP-ED: Activists invoke word ‘fracking’ to get Los Angeles City Council to ban oil industry in city limits.
Los Angeles City Council has broken new ground on fracking panic with a potential ban on oil drilling, writes Dave Quast.
The Carson City Council on Wednesday unanimously approved a 45-day moratorium on new oil and gas drilling, largely due to concerns about hydraulic fracking.
Shares Guess Inc. fell nearly 6 percent in after-hours trading Wednesday after the apparel company reported a lower fourth-quarter profit and forecast a loss for the current quarter.
American Apparel Inc. on Tuesday said it would be late filing its year-end report with the U.S. Securities and Exchange Commission because the company needs to focus on more urgent issues and that its changing situation could affect its annual report.
A group of activist shareholders on Monday called on Rentech Inc. to postpone any new stock offerings or other capital raising efforts until after the company’s annual meeting.
Fines levied against Chinese electric vehicle manufacturer BYD Co. Ltd. for violations of state labor requirements were cut by almost two thirds by a California Labor Commissioner Hearing officer, the company announced Thursday.
Edison International said Tuesday that a bankruptcy judge in Chicago has approved the sale of most assets of one of its units to a New Jersey electric utility.
Shares of Rentech Inc. and its Rentech Nitrogen Partners spinoff fell on Tuesday after the parent company reported lower fourth-quarter revenue and a larger loss than Wall Street expected. Marcus & Millichap Inc. also reported a net loss due to higher costs from last fall's IPO.
Griffin Holdings in Century City on Monday said that it has completed its tender offer to acquire Tufco Technologies Inc., a large contract maker of branded wet and dry wipes that is based Green Bay, Wis.
Shares of U.S. Auto Parts Network Inc. rose more than 12 percent on Friday, a day after the after-market automotive parts distributor reported a significantly smaller fourth quarter loss.
American Apparel has reported it expects that last year’s revenue will be higher than the year before but pre-tax earnings will be much lower.