American Apparel has lost nearly $270 million in the last four years and is more than $200 million in debt. In March, it sold $28.6 million in stock to meet debt obligations.
The S&P 500 has closed at a new record high after strong Apple earnings lifted the tech sector on a mixed day for stocks. The S&P 500 added 3.48 points (0.18 per cent) at 1,987.01, breaching a record set three weeks ago by about three points.
Asian equity markets turned mixed on Thursday after rising in the morning session on upbeat Chinese data as focus turned to the region's earnings season.
Facebook Inc. reported Wednesday that profit more than doubled and revenue topped estimates for the ninth straight quarter due to strong mobile ad revenue.
Washington (CNN) -- The Federal Aviation Administration removed its ban on U.S. passenger planes flying to and from Tel Aviv Wednesday night, a day-and-a-half after stopping all the flights citing security concerns.