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American Apparel bankruptcy; Twitter CEO; Volkswagen threat; 'Martian' box office green

Bill McColl

Here are some of the stocks the Yahoo Finance team will be watching for you today.

American Apparel (APP) It's official--  the struggling retailer is filing for bankruptcy.  American Apparel says the move will help reduce its crushing debt burden...and allow it to keep its stores open. The company has been fighting to stay afloat amid struggling sales and a protracted legal battle with founder and former CEO Dov Charney.

Twitter (TWTR) Also official today--  co-founder and interim CEO Jack Dorsey is no longer interim...he's been given the job permanently.  Dorsey took over earlier this year after former CEO Dick Costello stepped down.

Fossil Group (FOSL) The maker of jewelry and accessories is being downgraded by Piper Jaffray, which is lowering its price target to $46 from $53.  Piper saying it has concerns about the market for traditional watches as demand for smart watches increases.

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Potash Corporation of Saskatchewan (POT) The huge fertilizer producer is ending its almost $9 billion bid for German rival K+S. Potash says weakening market conditions and refusal by K+S management to engage in talks led to the decision.  K+S calls the offer too low.

Volkswagen (VLKAY) The carmaker's designated chairman calls the firm's cheating scandal a threat to the very existence of the company.  Volkswagen is facing a Wednesday deadline to explain how it will fix 2.8 million cars in the German market following revelations the company rigged emissions tests in the US.

21st-Century Fox (FOXA) The media company's film, "The Martian," had quite a blast off at the box office in its opening weekend. Initial numbers show the space thriller starring Matt Damon brought in $55 million, easily putting it in first place and challenging another space hit, "Gravity," for the all-time record for an October opening.

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