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Herbalife gains as Ackman’s presentation fails to convince

Herbalife gains as Ackman’s presentation fails to convince

Herbalife Ltd.’s shares jumped as much as 14 percent after hedge-fund manager Bill Ackman struggled to convince investors that the seller of weight-loss shakes is guilty of fraud.

Posted on 7-22-2014 at 10:59 AM
Herbalife says analysis shows business isn't  a pyramid scheme

Herbalife says analysis shows business isn't a pyramid scheme

Herbalife Ltd., defending itself against an attack by hedge-fund manager Bill Ackman, released results from an economic analysis showing that it’s not a pyramid scheme as Ackman asserts.

Posted on 7-22-2014 at 10:43 AM

McDonald’s profit trails estimates as U.S. sales slump persists

McDonald’s Corp., the largest restaurant chain by sales, posted second-quarter profit that trailed analysts’ estimates after a U.S. sales slump lingered.

Posted on 7-22-2014 at 9:22 AM
Time Warner moves to bar shareholders from calling meetings

Time Warner moves to bar shareholders from calling meetings

Time Warner Inc's board moved to prevent its shareholders from calling special meetings, effectively throwing up a hurdle to any quick move to approve a potential takeover by Rupert...

Posted on 7-22-2014 at 8:19 AM

Coke yearns for higher margins to tempt franchisees

Coca-Cola Co. may have annual profits of about $9.3 billion US, but that princely sum could fall short of what the world's largest soda maker needs to tempt would-be franchisees into taking...

Posted on 7-21-2014 at 6:23 PM
Herbalife tumbles after Ackman vows to reveal Enron-like fraud

Herbalife tumbles after Ackman vows to reveal Enron-like fraud

Herbalife Ltd. shares fell the most in three months after billionaire Bill Ackman vowed to show Enron Corp.-like fraud at the seller of supplements and weight-loss shakes.

Posted on 7-21-2014 at 6:12 PM

Allergan slashing 1,500 jobs amid Valeant takeover battle

Takeover target Allergan Inc. is slashing 1,500 jobs – about 13 percent of its work force – in a major streamlining effort as it moves to bolster its defences against a hostile takeover bid...

Posted on 7-21-2014 at 9:59 AM

Hasbro sales rise on international demand for action toys

Hasbro Inc., the second-largest U.S. toy maker, reported an 8.2 percent increase in quarterly sales, helped by strong demand for its boys’ toys such as action figures based on Transformers...

Posted on 7-21-2014 at 7:44 AM

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