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Deals Rumor Mill: American Apparel, BHP Billiton, Alibaba

By Chelsea Naso (July 7, 2014, 2:08 PM EDT) -- American Apparel Inc. is said to be in talks to raise new financing from hedge fund Standard General that would help the retailer pay off a loan that came due after it ousted founder Dov Charney, sources told the Wall Street Journal on Sunday. Bankers are reportedly still working out the terms of the financing from Standard General, which effectively controls 43 percent of the company's stock, and its still unclear what form it will talk. As part of the talks, both sides are said to have informally agreed to replace all of the retailer's board of directors, except its two co-chairman, the report said. ...

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