Oct 10- Jeans maker True Religion Apparel Inc, which has been hit by falling sales, said it may sell itself, after receiving interest from potential buyers. Shares in the company jumped 28 percent to $26.88 in premarket trade on Wednesday, valuing it at about $683 million.
*Alcoa beats expectations but cautions of slowdown. NEW YORK, Oct 10- U.S. stock index futures edged lower on Wednesday after Alcoa kicked off earnings season by warning of a slight slowdown in some markets, highlighting concerns about sluggish global growth, even as its quarterly results beat expectations. Alcoa shares lost 0.7 percent to $9.07 in.
Oct 10- True Religion Apparel Inc:. *Keybanc raises True Religion Apparel to hold from underweight. Reuters Station users, click. 1568.
NEW YORK, Oct 10- True Religion Apparel Inc:.
Oct 10- Denim maker True Religion Apparel Inc. True Religion said it formed a special committee comprised of its non-management directors and engaged Guggenheim Securities LLC as financial adviser and Greenberg Traurig LLP as legal counsel to assist in the review process.
PARIS, Oct 10- U.S. stock index futures pointed to a flat opening on Wall Street on Wednesday, with futures for the S&P 500 up 0.06 percent, Dow Jones futures down 0.07 percent and Nasdaq 100 futures up 0.02 percent at 0830 GMT.
Oct 10- U.S. premium denim maker True Religion Apparel Inc is expected to announce on Wednesday that it is putting itself up for sale and has fielded buy out proposals from private equity firms and apparel industry companies, the Wall Street Journal reported, quoting a person familiar with the matter. True Religion's jeans, priced between $170 and $360, sell at.
Recent changes at Wet Seal Inc. will vastly improve the board and could change the direction of the struggling retailer's business, a B. Riley& Co. analyst said.
*Merchandising chief moves to True Religion Apparel. Oct 5- Wet Seal Inc replaced four board members with Clinton Group nominees, putting the activist investor in a stronger position to push for a sale of the struggling clothing retailer.
Oct 5- Wet Seal Inc:. *The Wet Seal Inc announces resignation of Wet Seal division chief. *Harriet Sustarsic, Wet Seal division chief merchandising officer, resigned.
FOOTHILL RANCH, Calif.-- In a win for The Clinton Group, the chairman of Wet Seal and three other directors have stepped down from its board, replaced by four nominees of the activist investor group unhappy with the struggling teen retailer's performance. Wet Seal Inc., based in Foothill Ranch, Calif., and The Clinton Group have been in a proxy fight.
Take a look at some of Wednesday's midday movers:
Earlier in the session, shares of Papa Johns were up as much as 20.8 percent, their best one-day gain ever.
Check out which companies are making headlines after-the-bell Tuesday:
Stocks came off their lows but still logged a weekly decline, with the S&P and Nasdaq snapping a 5-week winning streak, following stalled debt talks in Greece, some disappointing economic reports and after S&P downgraded a handful of Italian banks.
Stock index futures accelerated their losses Friday after euro zone finance ministers withheld further aid for Greece and demanded more cuts in return for a second bailout.
Take a look at some of Friday morning's early movers:
This year’s ready-to-wear fall fashion collections are being unveiled at New York Fashion Week. "Fast Money" traders look at how to work the sector.
Shares of many luxury-goods purveyors are up by double-digits over the past three months. One analyst from TheStreet.com details nine stocks that could benefit from wealthy people paying up for name-brand goods.