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MONTREAL: Gildan Activewear Inc is spicing up its image with a bid for American Apparel Inc, the racy and embattled purveyor of jerseys and tights. If the tie-up succeeds, they’d be fashion’s new odd couple.
NEW YORK: American Apparel LLC has filed for its second bankruptcy protection in just over a year, weighed down by intense competitive pressures facing US teen retailers and a rocky relationship with its founder.
HONG KONG: China Southern Airlines Co Ltd said it will sell a small stake to American Airlines Group Inc in a US$200mil deal that will give the carriers better access to the world’s two largest travel markets.
Kabul, Aug 8, 2016 (AFP) - An American and an Australian were kidnapped at gunpoint in the heart of Kabul, officials said Monday, the latest in a series of abductions of foreigners in the conflict-torn country.
Washington (AFP) - Less than two weeks after United Airlines prompted a public relations crisis for dragging a passenger from his seat on an overbooked flight, rival American Airlines is being buffeted by its own controversy.
HONG KONG/SHANGHAI: China Southern Airlines Co Ltd said on Tuesday it would issue HK$1.55 billion ($199.6 million) worth of shares to a subsidiary of American Airlines Group Inc, giving the U.S. airline a stake in China's largest carrier.
NEW YORK: Warren Buffett's Berkshire Hathaway Inc on Monday said it added to its sizable investments in American Airlines Group Inc and Southwest Airlines Co, and shed its stake in Twenty-First Century Fox Inc.