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Thursday, July 3, 2014

Takeover Digest- New York Times business news - July 3, (AMEX: APP)

The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * Standard General, a little-known hedge fund backing Dov Charney, the ousted executive of American Apparel, is in talks with the company's board over the possibility of bringing in new leadership, including a cadre of experienced board members, while keeping the company's signature manufacturing in the United States. (* Privacy and Civil Liberties Oversight Board, the federal privacy board that sharply criticized the collection of the phone records of Americans by the National Security Agency, has concluded that the surveillance program is largely in compliance with both the Constitution and a surveillance law that Congress passed six years ago. (

American Apparel, Inc. is a vertically integrated manufacturer, distributor, and retailer of branded fashions basic apparel and accessories for women, men, children and babies. Shares of APP fell by 4.6% or $-0.04/share to $0.83. In the past year, the shares have traded as low as $0.46 and as high as $2.09. On average, 5103100 shares of APP exchange hands on a given day and today's volume is recorded at 5242187.