Lululemon Athletica Inc. (LULU - Get Report) is trending as the athletic apparel maker has issued a recall of its black Luon yoga pants for being too sheer. Lululemon said the recall pertains to 17% of all women's pants sold in its stores. The retailer said it will likely contribute to a product shortage, which will weigh on the company's financial results. The company said it expects a 5% to 8% sales gain in stores open at least a year in the first quarter on revenue between $333 million and $343 million. That's down from its prior estimates of an 11% increase in sales on revenue of $350 million to $355 million. The company said it hasn't changed its manufacturer or the materials used in the pants. Customers who bought the pants after March 1 can return them for a full refund or exchange. Lululemon said it will offer more details on the recall when it reports fiscal fourth-quarter earnings on Thursday.
Citigroup (C - Get Report) is another popular search. The bank has agreed to pay $730 million to settle a class-action lawsuit to settle claims it misled investors during the financial crisis.