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.
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.”
I was surprised when the bishops didn’t declare victory last week. Heeding their protests, President Barack Obama relieved Catholic institutions of the indignity of having to pay directly for contraception for their employees.
American International Group Inc.’s derivatives trading unit in London was a money spinner, which is one reason the bosses in New York were willing to look the other way until it racked up losses. The athletics program at Penn State University, dominated by its now-scandal-tainted football program, isn’t a profit machine unto itself.