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Dov Charney intensifies effort to regain control of American Apparel
Dov Charney intensified the campaign to get his job back at American Apparel Inc., the company he founded that unceremoniously ousted him last week.
Charney, who owns a 27% stake in the company, appears to be positioning himself to take back control of the company through an alliance with other shareholders, as well as to mount a legal battle.
In a Monday filing with the Securities and Exchange Commission, Charney said he is discussing options with supporters, including a shake-up of the retailer's board and management. Some of these supporters, who want Charney back helming the company, are stockholders, the filing said.
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Related "Investment Service" Articles
Dov Charney intensifies effort to regain control of American Apparel
Dov Charney intensified the campaign to get his job back at American Apparel Inc., the company he founded that unceremoniously ousted him last week.
Charney, who owns a 27% stake in the company, appears to be positioning himself to take back control of...
Investment bank Moelis' stock jumps after scaled-down IPO
Moelis & Co. climbed in its trading debut after raising less than planned in the first U.S. initial public offering of an investment bank since the financial crisis.
The shares rose 4.6% to $26.15 on Wednesday after pricing at $25. Moelis raised $163...
Moelis seeks $1.58-billion valuation in IPO
Boutique Los Angeles investment bank Moelis & Co. is seeking a valuation of as much as $1.58 billion in its initial public offering.Moelis may raise as much as $243.5 million by selling 8.4 million shares for $26 to $29 each, according to a regulatory...
L.A. investment bank Moelis & Co. files for IPO
Moelis & Co., a boutique Los Angeles investment bank, filed for an initial public offering, seeking to capitalize on the soaring stock market and a recent pickup in corporate mergers.
The firm was founded in 2007 by Ken Moelis, a longtime Southern...
Cheesecake Factory cooks up a recipe for success
People like rich, tasty food — and sweet, smooth desserts.
That's a recipe the Cheesecake Factory Inc. has been following for more than three decades.
The company's roots can be traced to the home kitchen of Evelyn Overton, who ran a small baked goods...
Pimco chief El-Erian to leave global investment firm in March
Mohamed El-Erian unexpectedly resigned from his post as chief executive and co-chief investment officer of global investment management firm Pimco on Tuesday, the firm said in a statement.
El-Erian will leave the firm in March and will remain a member of...
BlackRock agrees to end analyst survey program
BlackRock Inc., the world's biggest money manager, agreed to end an analyst survey program that New York Atty. Gen. Eric Schneiderman concluded could be used to execute trades based in part on nonpublic information.
BlackRock agreed to discontinue use of...
Disney recommends investors reject stock-purchase proposal
The Walt Disney Co. has recommended that its investors reject an offer from TRC Capital Corp. to purchase shares of the Burbank entertainment company's stock at a price that is below their market value.
Investment firm TRC made the unsolicited...
Shopping for a mortgage? Some lenders offer closing-cost credits
WASHINGTON — The government shutdown and the debt limit have dominated the headlines, but a behind-the-scenes fight over federal mortgage policy has been brewing and it could affect your choices the next time you apply for a home loan.
The issue concerns...
BofA, Alcoa and HP are ousted from Dow Jones index
NEW YORK — The stock market's all-star team has some new players.
Leaving the Dow Jones industrial average is aluminum giant Alcoa Inc., computer-maker Hewlett-Packard Co. and financial behemoth Bank of America Corp. Joining the index of 30 blue-chip...
L.A. landlord Thomas Properties will be sold to Florida REIT
Los Angeles commercial landlord Thomas Properties Group Inc., which revived downtown's massive City National Plaza, is fading from the local landscape.
The company has agreed to be sold to Parkway Properties Group Inc., a real estate investment trust...
California to get $750 million in energy crisis settlement
SACRAMENTO — A Canadian power company will pay California electricity ratepayers $750 million to settle allegations that it bought electricity from the state and then sold it back at a huge markup during the energy crisis of 2000 and 2001.
The settlement...
County treasurer targets contributions to school bond campaigns
Financial underwriters who want to do business with the County of Los Angeles must agree not to give political donations to school bond campaigns under new rules adopted this month by government finance officials.
Because Los Angeles County is by far the...
Real estate investment trust yields robust rewards despite risk
Sinking money into real estate investment trusts is considered to be one of Wall Street's most complex investments.
Owning shares of REITs gives investors an opportunity to get investment exposure to real estate, including apartments, shopping centers...
Daily fantasy sports sites betting on lure of instant payouts
On some days, Christopher Batsche can walk away with hundreds of dollars with a $2 buy in. But he's not heading to casinos and he isn't playing online poker.
Instead, the 27-year-old from Cincinnati goes to a website before the day's Major League...
Ex-KPMG partner was sting target
It was the Starbucks sting.
The defining moment in the KPMG insider-trading scandal took place over coffee at a Starbucks in the San Fernando Valley, where the accountant at the center of the case was set up by his longtime friend.
Scott London...
Swiss bank UBS to cut 10,000 jobs, or 16% of workforce, by 2015
Swiss bank UBS will cut 10,000 jobs as it exits from its fixed-income trading business and tries to cut costs and concentrate on wealth management.The Zurich, Switzerland-based institution, which stated that it is “significantly reshaping its investment...
Former regulator: Lehman disclosure not enough to aid shareholders
A former Securities and Exchange Commission official said greater disclosure of investment banks' highest-paid employees – aside from corporate officers – would not necessarily aid shareholders.Lynn Turner, who was the SEC’s chief accountant from 1998...
Regional investment bank aims for a reprise
Jim Freedman and his partners have been here before.
"We call this Act Three," he told me one day recently from the Westside high-rise office of Intrepid Investment Bankers, his new firm devoted to mergers and acquisitions in the regional...
Grand dream loses sheen in glare of daylight
Larry Eisenberg had a vision. "Amazing," he called it. "Spectacular."
The Los Angeles Community College District would become a paragon of clean energy. By generating solar, wind and geothermal power, the district would supply all its...