In Herbalife’s nutrition clubs, Ackman’s attacks fail to resonate
(Reuters) – New York hedge fund manager William Ackman says Herbalife is a pyramid scheme that exploits the poor. He has taken a $1 billion bet against the company’s stock and spent millions on research to attack the nutritional supplements seller, including making a video showing former distributors who claim they were deceived and lost money trying to sell its products.
Family Dollar spurns Dollar General again
(Reuters) – Family Dollar Stores Inc rejected Dollar General Corp’s sweetened takeover bid, saying the offer still did not address antitrust concerns, raising the prospect that the No. 1 U.S. deep discount chain will go “hostile” with its offer.
Sprint expands rural roaming program, adding 15 new carriers
WASHINGTON (Reuters) – Sprint Corp said on Friday it was adding 15 new rural and regional wireless providers to its U.S. roaming program, a move bolstering the company’s efforts to cheaply expand its footprint as it fights to stay competitive as a nati…
GM wins dismissal of lawsuit over its IPO
NEW YORK (Reuters) – General Motors Co has won dismissal of a shareholder lawsuit accusing it of padding sales around the time of its November 2010 initial public offering by quietly unloading vehicle inventory on its dealers.
Airbus Group declines comment on Dassault stake sale report
PARIS (Reuters) – Airbus Group declined comment on Friday on a report that it planned to sell 10 percent of Dassault Aviation back to the French aerospace firm.
Alibaba to let employees buy shares in IPO: WSJ
(Reuters) – Chinese e-commerce company Alibaba Group Holding Ltd will allow employees and people close to the company to buy shares in its forthcoming initial public offering, the Wall Street Journal reported, citing people familiar with the matter.
Exclusive: G20 signals flexibility on big bank failures – sources
LONDON (Reuters) – Regulators trying to end the problem of “too big to fail” banks are moving closer to a landmark deal that will give large banks more flexibility about how to deal with losses when they go bust and cut the amount of fresh bonds they w…
Ford recalls 191,770 Focus sedans in China on fuel leak risk
SHANGHAI (Reuters) – Ford Motor Co will recall 191,770 cars in China from Friday to replace some parts after a quality watchdog found a fuel leak risk in the Ford Focus, the country’s best-selling compact sedan.
Exclusive: Volkswagen spied on Lula, other Brazilian workers in 1980s
SAO PAULO (Reuters) – Volkswagen AG spied on Brazilian union activists in the 1980s and passed sensitive information about wage demands and other private discussions to the country’s military dictatorship, according to newly uncovered documents seen by…
Apple’s rivals hope its iWatch makes ‘wearable’ work
BERLIN/FRANKFURT (Reuters) – Know what a “Wearable” is? Most top tech executives would struggle to define it. Now they’re hoping that Apple will do it for them.
