(Reuters) - Advance Auto Parts Inc <AAP.N> posted weak results and warned of challenging sales trends in the second quarter as the auto parts retailer struggles to attract more customers, sending its shares down as much as 18 percent.
Private-equity firm The Gores Group may hit the brakes on its $15 a share buyout of Pep Boys—Manny Moe & Jack, as the auto parts and repair giant slipped to a loss in the fourth quarter of 2011, and reported weaker-than-forecast preliminary first quarter earnings on Tuesday.... Read More