Record Finishes Continue for S&P 500; American Apparel's CEO Ousted

The S&P 500 hit a record close for the second straight day. Additional earnings reports were released today, revealing mixed results. Rite Aid (RAD), Coach (COH), and Pier One's (PIR) shares all fell after they reported disappointing earning forecasts. Kroger's (KR) shares jumped up 5% after the grocery store reported higher than expected first-quarter earnings.
American Apparel (APP) ousted their controversial CEO today, and its shares responded positively. The board unanimously voted to fire Dov Charney, the retailer's CEO and founder, amid an ongoing investigation into alleged misconduct.

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Published on Jun 19, 2014
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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