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Sunday, December 28, 2014

Market Chatter- Corporate finance press digest, (AMEX: APP)

The following corporate finance-related stories were reported by media: * Japan's financial regulator has begun stress tests on regional banks to determine how much their earnings would suffer if long-term interest rates remain near record lows under the Bank of Japan's loose money policy, according to two people with direct knowledge of the process.* The board of American Apparel Inc has received a letter from British takeover firm Lion Capital, pushing it to explore strategic options include a sale, a source familiar with the situation said on Sunday.

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 remained unchanged at $1.06. In the past year, the shares have traded as low as $0.46 and as high as $1.45. On average, 1866900 shares of APP exchange hands on a given day and today's volume is recorded at 1864816.