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NEW YORK - Shares of teen retailers dropped Monday, following the general market down as the financial sector faced turmoil.
Wall Street awoke to news that Lehman Brothers was filing for Chapter 11 bankruptcy protection and that Bank of America Corp. planned to buy Merrill Lynch & Co. for $50 billion in stock.
The Dow Jones industrial average fell 300 points in early trading. Teen apparel retailers also dropped in early trading.
Sports clothing and equipment retailer Zumiez Inc. was among the biggest decliners, as shares fell 81 cents, or 4.6 percent, to $16.81.
Tween Brands shares fell 49 cents, or 4.5 percent, to $10.48.
Wet Seal Inc. fell 16 cents, or 3.3 percent, to $4.63.
American Eagle Outfitters Inc. fell 48 cents, or 2.9 percent, to $16.12.
Hot Topic Inc. fell 19 cents, or 2.6 percent, to $7.03.
China's bid to establish its own next generation mobile phone technology standard got a boost from the world's biggest cell phone maker...
U.S stocks fell on Wednesday as investors grew concerned that a bailout loan package for ailing automakers would fail to be approved by U.S. lawm...
A college student committed suicide by taking a drug overdose in front of a live webcam as some computer users egged him on, others tried to talk...
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