- Retail Wreck: Abercrombie and Aeropostale Slump The Exchange
Clothiers catering to teens and young adults were selling off Friday, paced to the downside by Abercrombie & Fitch, which was having its worst trading session since last August following a weak quarter and poor outlook.
- Wall St. Slips on Fed Stimulus Uncertainty; P&G Jumps Reuters
Stocks fell for a third day on Friday, putting indexes on track for their first negative week since mid-April, on lingering concern the U.S. central bank may scale back its stimulus measures to support the economy.
- NY Attorney General: More Evidence Banks Violated Mortgage Pact Reuters
New York Attorney General Eric Schneiderman said there is mounting evidence that Bank of America Corp, Wells Fargo and Co and other banks violated the terms of a settlement designed to end mortgage servicing abuses.
For all the negative publicity Abercrombie has endured, the stock remained resilient. That came to a screeching halt this morning.