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Video: American Apparel Appoints RadioShack CEO To Board By Clip Syndicate American Apparel Inc , a U.S. retailer dealing with high debt and management upheaval, said on Wednesday that the chief executive of another money-losing retailer would join its reshuffled board. American Apparel has more than $250 million in debt although its market capitalization amounts only to $200 million. An agreement with hedge fund Standard General, which holds a nearly 44 percent stake in American Apparel and has promised the company $25 million of support, led the retailer to reconstitute its board.

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Video: Judge Dismisses Suit Claiming JPMorgan Knew Of Madoff Fraud By Clip Syndicate A U.S. federal judge on Wednesday dismissed a shareholders' lawsuit claiming JPMorgan Chase & Co board members knew about Bernard Madoff's Ponzi scheme and ignored red flags signaling his massive fraud. The claims were based partly on statements Madoff gave in a series of interviews - including conversations with plaintiffs lawyers while in federal prison in North Carolina - about his interactions with the bank.

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Video: American Apparel Appoints RadioShack CEO To Board By Clip Syndicate American Apparel Inc , a U.S. retailer dealing with high debt and management upheaval, said on Wednesday that the chief executive of another money-losing retailer would join its reshuffled board. American Apparel has more than $250 million in debt although its market capitalization amounts only to $200 million. An agreement with hedge fund Standard General, which holds a nearly 44 percent stake in American Apparel and has promised the company $25 million of support, led the retailer to reconstitute its board.

 ...Read More »
Video: Judge Dismisses Suit Claiming JPMorgan Knew Of Madoff Fraud By Clip Syndicate A U.S. federal judge on Wednesday dismissed a shareholders' lawsuit claiming JPMorgan Chase & Co board members knew about Bernard Madoff's Ponzi scheme and ignored red flags signaling his massive fraud. The claims were based partly on statements Madoff gave in a series of interviews - including conversations with plaintiffs lawyers while in federal prison in North Carolina - about his interactions with the bank.

 ...Read More »
Video: American Apparel Appoints RadioShack CEO To Board By Clip Syndicate American Apparel Inc , a U.S. retailer dealing with high debt and management upheaval, said on Wednesday that the chief executive of another money-losing retailer would join its reshuffled board. American Apparel has more than $250 million in debt although its market capitalization amounts only to $200 million. An agreement with hedge fund Standard General, which holds a nearly 44 percent stake in American Apparel and has promised the company $25 million of support, led the retailer to reconstitute its board.

 ...Read More »
Video: Facebook Second-quarter Revenue Increases 61 Percent By Clip Syndicate Facebook grew its revenue 61 percent in the second quarter, as the Internet company benefited from strong demand for its mobile advertising business. Facebook said on Wednesday that it generated $2.91 billion in revenue in the three months ended June 30, up from $1.81 billion in the year-ago period.

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Video: Dow Analyst Moves: GS By Clip Syndicate The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, Goldman Sachs Group (GS) is the #30 analyst pick. Within the broader S&P 500, when components were ranked in terms of analyst favorites, GS claims the #456 spot. ...Read More »
Video: Dow Analyst Moves: GS By Clip Syndicate The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, Goldman Sachs Group (GS) is the #30 analyst pick. Within the broader S&P 500, when components were ranked in terms of analyst favorites, GS claims the #456 spot. ...Read More »
Video: U.S. To Internet Providers: We Are Watching Your Speed Promises By Clip Syndicate U.S. communications regulators on Wednesday reminded Internet service providers to promise consumers only the speed and quality of service that they actually deliver, or face penalties. In an advisory, the Federal Communications Commission urged both fixed and wireless Internet service providers (ISPs) to comply with regulations that say the companies must be clear and accurate in the information they tell consumers about their broadband services.

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Video: IMF Snips U.S. 2014 Growth Forecast To 1.7 Percent By Clip Syndicate The International Monetary Fund on Wednesday said it expects the U.S. economy to grow 1.7 percent in 2014, even more slowly than it predicted a month ago, as weakness in the first quarter offsets an expected pick-up in the second half of the year. The IMF, which in June forecast 2 percent growth for the world's largest economy this year, said U.S. activity should accelerate to a pace of 3 percent to 3.5 percent in the rest of 2014, and grow by 3 percent next year and in 2016. IMF staff said in their yearly analysis of the U.S. economy, "Still, the drag on growth from the first quarter contraction will not be offset." U.S. GDP contracted at a 2.9 percent annual pace in the first three months of the year, dragged down by a weak housing market, a slower pace of restocking by businesses and lower exports. It was the sharpest decline in five years.

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