Herbalife revealed on Wednesday that the Federal Trade Commission has opened a civil investigation into the practices of the nutrition company, which sells weight-loss shakes, vitamins and other products.
Moments after Herbalife made the announcement, its stock price plunged. At 1:51 p.m., it had lost 12 percent of its value.
Bloomberg explains that hedge fund manager Bill Ackman accused the company of running a pyramid scheme. Bloomberg adds:
Originally published on Tue March 18, 2014 10:31 am
After 30 years on death row, 64-year-old Glenn Ford has walked out of Louisiana State Penitentiary at Angola a free man after a judge voided his 1983 murder conviction based on new exculpatory evidence.
Ford was convicted of killing Isadore Rozeman, a Shreveport man he'd done occasional yard work for. Rozeman, a jeweler and watchmaker, was found dead in 1983.
Originally published on Wed March 12, 2014 5:45 pm
Arizona Gov. Jan Brewer, whose tenure has been marked by controversial decisions on immigration policy and a contentious relationship with the White House, says she will not seek another term in office.
Originally published on Wed March 12, 2014 5:43 pm
Expensive new drugs for hepatitis C may work better than older treatments, but their high cost undermines their value, a panel of experts said Monday during a daylong forum in San Francisco.
"The price makes it very hard for the health care system," said Steve Pearson, who oversaw the meeting for the California Technology Assessment Forum, a group affiliated with health insurers that holds public meetings to weigh evidence on new treatments.
Originally published on Wed March 12, 2014 3:52 pm
When Jonathan Martin abruptly left the Miami Dolphins in the middle of last season after alleging harassment by his teammate, Richie Incognito, it sparked media discussions about everything from the use of the word "nigger" in N.F.L. locker rooms to the construction of masculinity.