The Direct Selling Association backed 13 congressional candidates in the Nov. 4 election who have taken a strong stance on direct selling and entrepreneurialism. Twelve of the 13 candidates won.
Hot Business News Today
Hot Business News Today
“Pyramid Scheme Or Not, Herbalife Is Tanking”
by Tina Williams • • 0 Comments
The LA Times released the following article today, making a bold prediction about industry giant, Herbalife:
In December 2012, Hedge fund investor Bill Ackman painted a huge bull’s-eye on the back of Herbalife, labeling the Los Angeles nutritional supplements company an illegal pyramid scheme and placing a $1-billion short bet against its shares.
Ackman supported his bet with a 334-slide PowerPoint presentation that eviscerated the company in heroic detail. Whether Herbalife’s business model is illegal — ongoing investigations by federal and state authorities have that issue, and others, under scrutiny — much of what Ackman said at the time appears well-taken today.
So far this year, Herbalife’s shares are down about 43% — including a roughly 20% drop Tuesday (as of this writing) after the company shocked investors with a bad quarterly report and a pessimistic view of the future Monday. Its shares are currently trading below $45. Ackman, whose short bet is thought to have been made at about $50 a share, appears to be back in the black, after having faced a hefty loss when the stock reached the low $80s earlier this year.
As Ackman observed, Herbalife’s business model has long been questionable, relying on overhyped products, an almost invisible research-and-development program, and the targeting
Hot Business News Today
Home-cooked pet kibble as easy as click, mix, dish
by Successful IBO • • 0 Comments
Hot Business News Today
ADP: Small Businesses Add 102K Jobs in October
by Successful IBO • • 0 Comments
According to payroll processor ADP, small businesses with fewer than 50 employees added 102,000 new jobs in October, contributing to overall growth of 230,000 jobs.
Hot Business News Today
5 Things to Know About Massachusetts Casinos
by Successful IBO • • 0 Comments
The march toward Las Vegas-style gambling in the Bay State begins in earnest now that voters have resoundingly defeated a ballot question to repeal the state’s 2011 casino law.
Hot Business News Today
Darden hires new firm to find CEO
by Successful IBO • • 0 Comments
Less than a month after Starboard Value unseated the board at Darden and named an interim chief executive, the restaurant company has brought in a new executive search firm to find its CEO.
Hot Business News Today
What small business can expect in the new Congress
by Successful IBO • • 0 Comments
The shift in power in Congress may give small businesses help with taxes and regulations, but there’s little expectation that sweeping changes are in store.
Hot Business News Today
Nissan pledges further expansion of Miss. plant
by Successful IBO • • 0 Comments
Nissan Motor Co. says it wants to produce 507,000 vehicles a year at its Mississippi plant by 2017, an expansion that would add about 1,000 employees to the current 6,300 workers at the complex.
Hot Business News Today
OnBeep's Wearable Device Brings Star Trek to Life
by Successful IBO • • 0 Comments
OnBeep’s Onyx device will enable real-time voice communication through an app-enabled wearable device.
Hot Business News Today
5 Signs You Need New Tech (and How to Pick the Right Tools)
by Successful IBO • • 0 Comments
Your business is constantly evolving and changing, and so are your tech needs. Here’s how to tell if it’s time to change technologies.