Hot Business News Today

Hot Business News Today

Herbalife To Settle Class Action Lawsuit, Denies Any Liability

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On October 31, 2014, global nutrition company, Herbalife Ltd. (NYSE:HLF) entered into a settlement agreement that, if approved by the court, will resolve a class action lawsuit against the company.
The company has been aggressively defending itself against the plaintiffs’ allegations set forth in Bostick v. Herbalife ever since the lawsuit was filed in 2013. Yet, the potential cost, as well as the distraction, disruption and burden of prolonged litigation on the company and its management team, led the company to decide that the terms set forth in the settlement agreement provided the best path for moving forward.
The company notes that the settlement does not contain an admission of liability or wrongdoing and still asserts that the suit has no merit. Additionally, the company notes that the plaintiffs’ counsel acknowledge that a finder of fact could reasonably conclude there is substantial demand for Herbalife product and Herbalife is not in violation of the law.
Mark Friedman, general counsel of Herbalife, stated:

“We are fully confident that we would have prevailed. Settling this matter, however, is in the company’s best interest as it allows us to put it behind us and focus on the future growth of the company.”

About Herbalife Ltd.
Herbalife Ltd. (NYSE:HLF)

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Avon Reports 3rd Quarter Financial Results, Profit Of $91.4 Million

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Avon Products Inc. (AVP) on Thursday reported third-quarter profit of $91.4 million.
On a per-share basis, the New York, New York-based company said it had profit of 21 cents. Earnings, adjusted for non-recurring costs and restructuring costs, were 23 cents per share.
The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.
The direct seller of cosmetics posted revenue of $2.14 billion in the period, falling short of Street forecasts. Analysts expected $2.15 billion, according to Zacks.
Avon shares have declined 36 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 7 percent. The stock has declined 51 percent in the last 12 months.
Everyday, Avon brings beauty to the lives of women all over the world. At Avon, beauty means finding the right lipstick shade for a customer; providing an earnings opportunity so a woman can support her family; and enabling a woman to get her first mammogram. Beauty is about women looking and feeling their best. It’s about championing economic empowerment and improving the lives of women around the world. 
Avon is a company steeped in tradition, grounded by its core values and principles as

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Ariix Introduces Patent Pending Industry Changing Compensation Plan

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ARIIX announces an unheard-of enhancement to the revolutionary ACTIV8 compensation plan: they are offsetting the rising costs of inflation by giving their Representatives a cost of living increase, that went into effect October 22nd.
They know that inflation affects everyone, and like to look at both sides of the issue: not only the higher prices paid for the ingredients used, but how this inflation affects our Representatives.

“As prices rise, you can rest asssured that we have your back, and will make it up to you every way we can.”

Realizing the hard work and dedication it requires to build a business that provides long-term and healthy residual profits, they also know how rising costs eat away at buying power. They are determined to do something about it. Not only is their cost of living increase designed to give an immediate raise but they are also raising the Team Lead Bonus to $36.50, an 8% increase!

“ARIIX is continually looking for ways to provide the best compensation in the industry. Together with the ACTIV8 Compensation Plan, cost of living increases are another strong step in that direction. We realize you work hard for your money, and want to make sure as much as possible stays in your pocket,” says Dr.

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