Abercrombie & Fitch's stock price dropped nearly nine percent yesterday, one day after a very public diss on "The Situation" from the popular TV show "Jersey Shore."
The retailer offered Mike "The Situation" Sorrentino and other members of the hit MTV reality show "substantial payment" if they stopped wearing Abercrombie-branded clothes.
Adam Hanft, CEO of marketing firm Hanft Projects, joins Ali Velshi to weigh in on why Abercrombie & Fitch made their decision and to explain whether the move was a publicity stunt, or if the company had legitimate concerns about the way that the "Jersey Shore" cast could hurt their brand.
Calling it a Main Street rather than a Wall Street issue, business groups and investors warned the White House yesterday that lawmakers need to act quickly to raise the debt ceiling.
The Business Roundtable sent a letter to lawmakers saying that a failure to raise the debt limit would cause widespread fallout in the global financial markets and raise the costs of financing mortgages, auto loans, credit cards and student loans.
David Martin, President of Home Style Foods and Clint Greenleaf, Chairman and CEO of Greenleaf Book Group, join Ali Velshi today to discuss the budget debate and to explain how their hiring and expansion decisions have been influenced by the negotiations.
This morning marks the second day of American Morning's In Depth: Listening Tour series. All week, we'll be looking at the issues that are going to be driving, motivating and impacting voters when Americans go to the polls to elect a President in seventeen months.
Today, Christine Romans talks with Bill Darah, co-owner of a small, family business in Toledo, Ohio called Superior Uniform Sales. Darah discusses the impact that the recession and state and local budget cuts have had on his business, expressing his biggest concerns in keeping the company up and running in the current economy.
Celebrities wear them on the red carpet, and now you can even buy them at Target–Spanx, the shapewear mega brand, is helping women (and men) look slimmer under their clothes. Over nine million pairs of the footless pantyhose have been sold.
The brand began with a pair of white pants that were a little too tight and a derriere that was a little too big. Today on American Morning's Alina Cho talks to Spanx founder Sara Blakely. Blakely tells the story of how she created the product and built the $350 million business.
Plus, watch Ali, Kiran and Christine check out Spanx's latest products- for men!
For more than 50 years, Fortune Magazine has been ranking America's biggest corporations. The Fortune 500 is more than just a list, it's a symbol for money, power and prestige.
Topping this list for the second year in a row is Wal-Mart. Also on the list are a number of oil companies, including ConocoPhillips and Exxon Mobil, the government-owned finance company Fannie Mae and Warren Buffett's Berkshire Hathaway. Here's the entire top 10 list:
Bank of America
Leigh Gallagher, Fortune's Assistant Managing Editor, talks to American Morning about which companies made this year's list.
(CNN) - Female workers suing retail giant Wal-Mart Stores for workplace discrimination faced an uphill battle at the Supreme Court Tuesday in their efforts to proceed in a massive class-action lawsuit. The case is among the most important case of its kind the justices have ever heard, and a ruling could eventually impact businesses large and small.
Betty Dukes, Plaintiff in class action suit against Wal-Mart, and Joseph Sellers, Co-Lead Counsel for Paintiffs, talk to Christine Romans about the case.