Social commerce network and mobile service provider Solavei filed its plan of reorganization today and announced it will merge with industry leader ASPIDER, a Netherlands-based company that has provided core mobile infrastructure and services to over 100 mobile service providers and millions of subscribers throughout the world. Terms of the deal remain confidential.
With over 400,000 people that have become members in the past two years, Solavei will continue to deliver and grow its social commerce network to fulfill its vision of positively impacting millions of people’s lives. With this transaction, the company will continue to operate normally, no services will be interrupted, compensation will be paid on time, and Ryan Wuerch will continue in his role as Chairman & CEO.
Solavei members and employees will benefit from the ASPIDER global mobile virtual enabling
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Herbalife Wins Major Lawsuit
by Tina Williams • • 0 Comments
In a second major win for the week, Herbalife’s newest victory is a mark for things to come. Reuters reports:
Herbalife Ltd (HLF.N) won the dismissal of a lawsuit that claimed the maker of weight-loss and nutritional products fraudulently portrayed itself as a legitimate company, and that shareholders lost money because it was actually an illegal pyramid scheme.
U.S. District Judge Dale Fischer in Los Angeles said that shareholders led by two pension funds did not show that questions raised about Herbalife’s business by hedge fund manager William Ackman and various investigators showed that the company had fraudulently inflated its stock price.
Ackman and his Pershing Square Capital Management LP have campaigned against Herbalife since December 2012, when they revealed a $1 billion bet against the Los Angeles-based company. Herbalife has long denied it is
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Forbes Speaks With Amway’s Steve Van Andel
by Tina Williams • • 0 Comments
Dan Schawbel from Forbes: I spoke with Steve Van Andel, the chairman of Amway, who is responsible for managing daily operations of the company with Amway President Doug DeVos.
Van Andel is the eldest son of Amway Co-Founder Jay Van Andel, who, with Rich DeVos, started Amway in 1959 in Ada, Michigan. Since then, Amway has grown into the world’s largest direct selling company. Over the past two decades, Van Andel has led a strategic transformation of the company with a focus on growth through innovation, driving double-digit growth. Prior to being named chairman, Van Andel served as vice president with responsibility for Amway’s business operations in North and South America. He also served as vice president of marketing.
Recently, Amway acquired the XS Energy Brand, an energy drink brand that has exhibited positive momentum with the next-generation
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Roar of bombers replaced by drone buzz in North Dakota
by Successful IBO • • 0 Comments
The roar of mammoth Air Force bombers and tanker planes has long been silenced at the Grand Forks Air Force Base, but backers of the nation’s first unmanned aircraft business park say the drones are creating a buzz.
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On 5th anniversary of health care law, no end to debate
by Successful IBO • • 0 Comments
When President Barack Obama signed the Affordable Care Act five years ago, he visualized a time when the political hyperbole would be silenced and ordinary people would see that the health care law improved their lives.
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Low-income families who use paid tax preparers, by state
by Successful IBO • • 0 Comments
About 55 percent of Earned Income Tax Credit recipients reported using a paid tax preparer last year.
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Consumer tips for using paid tax preparers
by Successful IBO • • 0 Comments
Some consumer tips to help avoid excessive fees or potential fraud when using paid tax preparers, according to the Justice Department, Internal Revenue Service and the Consumer Financial Protection Bureau: — Make sure any tax refund due is sent to you or deposited into your bank account, not deposited into a preparer’s bank account.
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Judge OKs punitive damages in California gender bias case
by Successful IBO • • 0 Comments
A California trial judge has ruled that a woman suing a Silicon Valley venture capital firm in a high-profile gender bias case may seek punitive damages that could add tens of millions more to the $16 million in lost wages and bonuses she is pursuing.
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Companies tap into Vermont's large maple potential
by Successful IBO • • 0 Comments
Producing maple syrup has traditionally been a side business for generations of farmers in Vermont, which is the country’s top maple syrup producer.
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Senate committee not backing workers' comp fee schedule
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A key Senate policy committee is backing a workers’ compensation reform bill that it says will reduce costs by 7.5 percent without imposing a price-fixing mechanism backed by business groups.