Rentech Inc., a wood-pellet processor with interests in fertilizer manufacturing, shouldn’t start big projects, pursue acquisitions, sell shares or add new directors before its next annual meeting, a group of activist shareholders said.
American Apparel Inc. used to enthrall 16- to 25-year-olds with its neon bike shorts and lace- thong leotards. Now, it’s just trying to raise enough cash to keep creditors at bay for at least six more months.
Republican U.S. Representative Roscoe Bartlett boasts that he voted against all of President Barack Obama’s economic stimulus plans and was an early member of the House Tea Party Caucus. That’s not good enough for other anti-spending Republicans back home.
Ivan Seidenberg, the former chairman and chief executive officer of Verizon Communications Inc., said the directory unit Verizon spun off that later filed for bankruptcy was healthy and “completely stable.”