NEW YORK— Shares of American Apparel Inc. jumped 7 percent Monday after the retailer said it received an offer to buy the company. The offer comes after American Apparel fired founder Dov Charney last week and named fashion executive Paula Schneider as its next CEO as it seeks to turnaround its business. American Apparel also said Monday that Allan Mayer and...» Read More
LONDON-- The latest James Bond movie is getting its world premiere in London on Tuesday, with Prince Charles on hand to give it a royal seal of approval. Daniel Craig was the first of the film's stars to arrive at the screening at the Royal Albert Hall in central London, where he was joined by co-stars Judi Dench, Javier Bardem, and Naomie Harris.
NASHVILLE, Tenn.-- A woman was found guilty Tuesday of disorderly conduct for berating security officers trying to pat down her teenage daughter and then refusing to submit to the procedure herself at a Tennessee airport. Jurors deliberated four hours before convicting Andrea Abbott.
JACKSON, Miss.-- Roberts Broadcasting has sold Jackson television WRBJ-TV to religious broadcaster Trinity Broadcasting Network. Media Venture Partners, which the bankrupt Roberts hired to sell its stations in Jackson, Columbia, S.C., and Evansville, Ind., says the station will begin showing Trinity's Christian programming.
NEW YORK-- Shares of RF Micro Devices jumped 13 percent in premarket trading Wednesday, a day after the chipmaker issued better-than-expected results and guidance. Mike Burton of Brean Capital raised his price target on the stock by 50 cents to $6 and raised his estimates as well.
*Peugeot gets state guarantee, close to bank deal. Peugeot shares were down 6.5 percent at 5.45 euros as of 0801 GMT, touching their lowest levels 1986. The stock has plunged 48 percent this year, contrasting with a 20 percent gain by the Stoxx Europe 600 autos& parts index.
MIDLAND, Mich.-- Shares of Dow Chemical jumped 6 percent in premarket trading Wednesday after the company announced significant restructuring plans.
PANAMA CITY-- Panama's president said Wednesday that he is willing to cancel plans to sell state-owned land in a duty-free zone on the Panama Canal following a week of sometimes violent protests in which a 10- year-old boy and two adults died.
NEW YORK-- Shares of Tempur-Pedic slumped in premarket trading Wednesday after it posted disappointing third-quarter results and slashed its outlook for the year. Tempur-Pedic International Inc., known for its memory foam mattresses, said tough competition is hurting its North American business, while weakness in Europe is weighing on its global business.
BEIJING, Oct 24- China will seek to encourage more private investment in its state-dominated energy sector, according to a new industry white paper published by official news agency Xinhua on Wednesday.
BERLIN, Oct 24- Volkswagen's third-quarter underlying profit tumbled by a fifth as the deepening slump in European car markets and costs of a technology overhaul weighed on the auto maker's results.
*Coming Up: EIA data 1430 GMT, Federal Reserve policy decision 1815 GMT. SINGAPORE, Oct 24- Oil rose on Wednesday, snapping a six-day losing streak, after economic data from China suggested a gradual recovery in the world's No. 2 oil consumer, though weak European data kept the gain slim. Brent crude was up 63 cents at $108.88 a barrel by 0855 GMT.
AMSTERDAM, Oct 24- A Dutch court ruled on Wednesday that Samsung Electronics does not infringe an Apple patent by using certain multi-touch techniques on some Galaxy smartphones and tablet computers.
TOKYO, Oct 24- Japan's Sumitomo Life Insurance plans to increase yen bond holdings in the six months to March, while taking a more cautious stance on foreign bonds because of expectations of lower yields, a senior official said on Wednesday.
NEW YORK-- Shares of Facebook surged in premarket trading Wednesday, as analysts praised the social media company's third-quarter results, including its first quarter of advertising to mobile device users.
MELBOURNE, Oct 24- Deutsche Bank has built a 5.2 percent stake in Australian takeover target GrainCorp in recent months, a move that could pay off handsomely as the target's shares have soared and could climb even higher if rival bids appear.
*Nintendo Q2 op loss falls to 18.8 bln yen vs 19.6 bln yen. *Nintendo says expects to sell 5.5 mln Wii U by March 31.
The ECB's plan to to buy unlimited amounts of short-term government bonds of troubled euro countries has met with skepticism in Germany and resistance from the head of the country's central bank. The plan is aimed at keeping a lid on borrowing costs of indebted countries such as Spain and Italy.