Tornadoes in South Kill 300, Shut Down Business

Severe weather devastated much of the American South and Southeast this week, with some reports estimating 274 tornadoes touching down between Tuesday and Thursday. More than half of those storms, at least 160, are reported to have occurred on Wednesday.

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American Apparel Secures $15 Million Investment

Last week’s rumors that American Apparel was in talks to receive an investment to prevent insolvency were borne out over the weekend, with a private group investing $15 million into the company, with the potential to increase that amount up to $45 million.

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