American Apparel breaches NYSE rules

Retailer American Apparel Inc., known for its sweatshop-free jersey basics and gritty poster advertising, won't be able to file its next quarterly earnings report on time, risking its status as a New York Stock Exchange listed company. American Apparel said late Monday it was not able to file for the quarter that ended June 30 on time due to a change in the company's accounting firm. Deloitte & Touche LLP recently quit as its bookkeeper, U.S. court documents show. The company has appointed new auditors to get the books in order and will file as soon as practical, and