Un-suit-able
Jos. A. Bank slid 15 percent yesterday to $39.28 after saying annual profit will fall 20 percent as the men’s apparel maker lost sales from warm weather and political uncertainty.
A plane mess
As government regulators investigate Boeing’s 787 Dreamliner, investors and analysts see the plane’s grounding costing the company in the hundreds of millions of dollars.
Adios AdBrite
Advertising exchange AdBrite is shutting down after an attempt to find a buyer for the company failed. Partners have been told the company will close by the end of the month.
Give ‘em cake
Hostess has picked McKee Foods as the lead bidder for its Drake’s cakes. McKee has offered $27.5 million in cash for the cake brands, which include Devil Dogs, Funny Bones and Yodels.
ESB guys balk
A group of six investors in the Empire State Building are rejecting a proposed class-action settlement of $55 million that includes investors in other Malkin-controlled buildings, calling it “woefully inadequate.”