American Apparel Plummets as Cash Dwindles Amid Wider Losses

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Men's T-shirts and sweaters are displayed for sale inside the American Apparel factory boutique in downtown Los Angeles, California.

Photographer: Patrick T. Fallon/Bloomberg

American Apparel Inc. plunged 37 percent after posting a wider second-quarter loss and saying that it’s in talks with lenders to avoid defaulting on its credit line.

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