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.
Philip Caldwell, Ford Motor Co.’s first chief executive officer who wasn’t a member of the founder’s family, and who gambled the automaker’s future on the Taurus sedan in the 1980s, has died. He was 93.
From the age of six, Joseph F. “Chip” Skowron III aspired to be a doctor. At Yale, he earned both a medical degree and a doctorate in molecular and cellular biology, then qualified for Harvard’s elite, five-year residency program. Three years in, Skowron quit medicine for Wall Street. He and two partners started a group of health-care investment funds under the auspices of FrontPoint Partners LLC, a hot new property in the exploding world of hedge funds.
G. Moffett Cochran, co-founder and chief executive officer of Silvercrest Asset Management Group Inc., a New York-based firm catering to wealthy families, which went public in June, has died. He was 63.