By Christy Schutz Do you realize there are only 50 days until Christmas or, even more daunting, only 42 days until Hanukkah? Also, incidentally, there are only 23 days until Thanksgiving. Let all of that sink in for a moment. And now I will give you a minute to curse me for bringing these facts […]
Hot Business News Today
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Herbalife Reported 3rd Quarter Results, Sales Up 4%
by Tina Williams • • 0 Comments
Herbalife Ltd. (NYSE: HLF) today reported third quarter net sales of $1.3 billion, reflecting an increase of 4 percent compared to the same period in 2013. Adjusted1 net income for the quarter was $125.1 million, or $1.45 per diluted share, compared to $152.1 million, or $1.41 per diluted share for the same period in 2013.
On a reported basis, the company announced third quarter net income of $11.2 million, or $0.13 per diluted share, compared to $142.0 million, or $1.32 per diluted share for the same period in 2013.
Third quarter 2014 reported net income was negatively impacted by $139.5 million in pre-tax charges, or $0.97 per diluted share after tax, related to the remeasurement of Venezuelan Bolivar denominated assets and liabilities at the SICAD I and SICAD II rates, and $17.5 million in pre-tax charges, or $0.13 per diluted share after tax related to a legal reserve.
For the quarter that ended September 30, 2014, the company generated $101.9 million net operating cash flow, and purchases of property, plant and equipment in the period were$34.5 million.
Michael Johnson, chairman and CEO stated, “In the quarter we saw volume increases in two-thirds of our 91 countries, especially Russia and China. Excluding the impact of currency translation in Venezuela, the company had solid increases in both volume and net sales.
We continue to
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Yum promotes David Gibbs to global Pizza Hut CEO
by Successful IBO • • 0 Comments
Yum Brands Inc. says it has named company insider David Gibbs as the new global CEO of Pizza Hut.
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Sprint cutting 2K more jobs, reducing staff 5 pct
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Wireless carrier Sprint says it is eliminating 2,000 jobs, or about 5 percent of its staff, as part of an effort to cut $1.5 billion in annual spending.
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What Small Businesses Think About Income Tax
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Mobile Payments: Why Most Shoppers Just Say No
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Many consumers still don’t trust mobile payments, but offering long-term subscriptions could win them over.
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These Businesses Are Already Putting Apple Pay to Work. How You Can, Too
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Apply Pay has found fans in many early adopters. Here’s what they have to say and some details on how you can start accepting it, too.
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Galaxy Note Edge: Top 3 Business Features
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Samsung’s Galaxy Note Edge is a top-tier business phone with a one-of-a-kind curved display
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It Works! To Recruit “Wrapreneur” Distributors In New Zealand
by Tina Williams • • 0 Comments
Skin care and nutrition company, It Works!, has recently seen record-breaking growth. The company’s expansion into New Zealand represents the 19th country where It Works! will be distributing its popular products via its direct selling channel of “wrapreneurs” or Independent Distributors.
“We’re excited to share our exclusive product line and opportunity”
“We’re eager to welcome New Zealanders to our team and help spread black, green, and bling across the world,” said Mark Pentecost, It Works! CEO.
The company will formally launch New Zealand on 1 November with an event in Auckland led by Pam Sowder, Chief Networking Officer, for It Works!. The event is open to the public, who will be able to learn more about It Works! products and how to make extra income by sharing the flagship product, that crazy wrap thing.
“We’re excited to share our exclusive product line and opportunity,” said Janne Heimonen, newly appointed President of International Operations. “New Zealand will be a welcome addition to our expanding international operation.”
The company first expanded into Canada in 2009, then continued growing by entering Australia and select areas of Europe. It Works! plans for continued international expansion over the next five years.
About ItWorks!
Founded in 2001, It Works! is one of the fastest-growing skincare