• American Apparel has received yet another delisting warning from the New York Stock Exchange. The troubled company has been late filing its first two quarterly reports, and recently had its auditors quit. Its stock is currently trading at 0.71 [WWD]

20 million people have been affected by the floods in Pakistan, but there's something strange about the international reaction to the disaster, a phenomenon that Amnesty International USA's Rafia Zakaria calls "a crisis of empathy."