Abercrombie Gets BittenSleep tight, Abercrombie & Fitch ( ANF) shareholders. The cimex lectularius have apparently stopped biting. Yeah, we're talking bedbugs, people. Abercrombie's stock sank 2.5% on July 2, far outpacing the Dow's fall, on news that the preppy teen clothes-seller had closed a second store in New York due to a bedbug infestation. Those little bloodsuckers (literally) forced Abercrombie to shut its SoHo New York outpost Thursday, which was followed by a closing of its South Street Seaport site Friday for the same reason. The SoHo store reopened Saturday, while the South Street location stayed shut through the long holiday weekend.
World Cup Runneth UnderThank you, South Africa, for hosting a memorable World Cup. Long will we remember the glorious goals, ignominious calls and cacophonous vuvuzuelas of the 2010 tournament. And may the spirit of fair play and global kinship survive within your borders long after the last group of fans has flown away. Why, you wonder, are we so nostalgic even before a winner is crowned this weekend?
Anadarko Trips UpIn your dreams, Anadarko ( APC) shareholders. That's where your stock traded at a price of $99,999.9999. Not on the NYSE ( NYX), Nasdaq ( NDAQ) or IntercontinentalExchange ( ICE), but in your wildest, most blissful dreams.
Un-Skilled JuryLet's be serious, folks. Even if Skilled Healthcare Group ( SKH) shortchanged its patients' valuable health care time, it's hard for us to believe the punishment fits the crime when the only casualty was the company's stock price. Shares of the nursing home operator sank more than 70% on Wednesday after a California jury ruled that the company would have to pay $671 million in damages for not providing sufficient nursing care to patients. The victorious class-action suit, filed four years ago, alleged that the company had violated California's health and safety code by not providing the minimum 3.2 hours of direct nursing care per day to patients at 22 of its facilities.