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Dov Charney Gathers $300 Million for American Apparel Coup Attempt

2016-01-12 15:41:40| Apparel - Topix.net

The hipster clothing company he founded as a t-shirt line in 1997 was stripped from Charney in December of 2014 - he was fired by his own board following allegations of on-the-job sexual impropriety - and he's been fighting to take the Los Angeles-based firm back ever since. This time around Charney has paired up with Hagan Capital Group and Silver Creek Capital Partners to submit a $300 million takeover offer to American Apparel's board.

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Belgium's $762 Million Tax Loophole Shut in EU Payback Order

2016-01-12 02:08:33| Appliances - Topix.net

The European Union ordered Belgium to recover about 700 million euros in illegal tax breaks given to at least 35 companies, including Anheuser-Busch InBev NVand BP Plc, as regulators continued a crackdown on overly generous tax schemes throughout the 28-nation bloc. The European Commission told Belgium to recoup the full unpaid tax, saying that excess-profit rulings allowed global corporations to reduce their tax base by as much as 90 percent.

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Fuel Tech Awarded Air Pollution Control Orders Totaling $5.0 Million

2016-01-11 19:26:46| Waste Management - Topix.net

Fuel Tech, Inc. , a world leader in advanced engineering solutions for the optimization of combustion systems and emissions control in utility and industrial applications, today announced the receipt of multiple air pollution control contracts from customers in the US, Europe and China. These awards have an aggregate value of approximately $5.0 million.

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Toyota has built more than two million cars in the US in 2015

2016-01-11 18:58:09| Auto Dealers - Topix.net

As for the most of the automakers, 2015 also marked a record production for Toyota, with 2,035,028 vehicles and 1,933,702 engines produced in North America. It is for the first time when Toyota is building more than two million cars throughout a year in North America.

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Dov Charney is preparing a $300 million takeover bid for American...

2016-01-11 12:28:13| Apparel - Topix.net

Dov Charney, the founder and former CEO of American Apparel who was kicked out of the company by his own board in 2014, is preparing a $300 million bid to buy the company back and reinstate himself as CEO. Charney is backed by Hagan Capital Group and Silver Creek Capital Partners, and their private equity unit PressPlay Group, according to a press release seen by Business Insider.

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