American Apparel Inc. lender Lion Capital reportedly is demanding full repayment of its $10-million loan after negotiations between the two sides failed.
An American Apparel shareholder is suing Dov Charney and the remaining six members of the American Apparel board, alleging breach of fiduciary duties to the company and shareholders.
The California Department of Motor Vehicles has joined the California Highway Patrol in withdrawing safety guidelines for motorcycle lane-splitting.
Hyundai said it will recall 883,000 Hyundai Sonata sedans from the 2011-2014 model years because of a problem with the gear shifter.
Biotech giant Amgen Inc. said it would cut up to 2,900 employees and close facilities in Washington state and Colorado as the Thousand Oaks company moved to rein in costs and focus on new drugs.
The fog hung dense over Sun Moon Lake, obscuring the hilly shoreline that the tourists from mainland China had come to see. Still, the Chinese crowded the main pier as a light drizzle came down, waiting for boats to ferry them around the scenic lake. Zhao Baofeng, 54, a retiree from Hubei province, said she was struck by how well-mannered and polite the Taiwanese people are. As for political freedoms, in Taiwan the two main parties "can say whatever they want to each other," Zhao observed. Since the first Chinese tourists were allowed in 2008, millions have visited this democratic island, which China claims as a renegade province. The numbers are growing: The nearly 3 million...