North Face Falls
Bloomberg News
North Face Inc. shares fell 67% a day after the money-losing camping gear maker said there were doubts about its ability to stay in business. Shares of Carbondale, Colo.-based North Face, which has had losses for the last three quarters, fell $2.47 to close at $1.22 in heavy Nasdaq trading, after earlier touching an all-time low of $1. The company said it was having problems meeting its financing needs and that its credit line was extended to April 15 from March 31.
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