Hot Business News Today

Hot Business News Today

Corbett signs budget, reduces Legislature's funds

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Gov. Tom Corbett signed the state budget 10 days late on Thursday and used his line-item veto to strike $65 million from the General Assembly’s own appropriation, urging a renewed effort to curb public-sector pension benefits for newly hired teachers and state workers Corbett, a Republican, said he wanted to avoid any more school districts raising property taxes to cover their pension obligations, and criticized the GOP-controlled Legislature for refusing to contribute any of its approximately $150 million surplus to help state government close a massive deficit.

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Scam Warning For Product Distributors, Specifically Mary Kay

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The Better Business Bureau is warning consumers, especially Mary Kay consultants, about a new scam.
A Springfield resident recently received a text message from someone claiming to be April Weiss, wanting to order $175 in products. April stated that she was opening a modeling agency and the payment would come via cashier’s check from her art director.
Upon receiving the check, the consumer noticed two business names: CU Services Center and California Coast Credit Union out of San Diego. The consumer also received another text message from Weiss stating that the check was accidentally made out in the wrong amount for $2,230.65. April asked that the consumer cash the check and send the remaining balance back to her personal assistant — who she claims is a man named Mark Queen — via MoneyGram. The number associated with the text messages is 404-490-2503, an area code out of Atlanta.
BBB conducted a simple search of the phone number and found several similar stories on www.800notes.com dating from June 16. The bureau offers the following tips on how to avoid being scammed with fake checks.
• Talk to a branch manager in person before depositing a check from a stranger. Banking experts know what to look for in

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ForeverGreen Worldwide’s June Sales Growth Increases Over 300%

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ForeverGreen Worldwide Corporation, a leading provider of nutritional foods and other healthy products, announced today that June 2014 revenue exceeded June 2013 sales by more than 300%.
“During June 2014, we had another record sales month,” said Jack Eldridge, CFO. “We remain on track to meet or exceed our previously announced revenue guidance of $13 – $15 million. While many companies are experiencing sluggish sales during the summer months, we continue to grow our revenues for the summer and the remainder of 2014. We are very pleased at how our company message is being received in the market place.”
ForeverGreen Worldwide Corporation develops, manufactures and distributes an expansive line of all natural whole foods and products to North America, Australia, Europe, Asia and South America, including their new global offerings, PowerStrips and SolarStrips.
They also offer Azul and FrequenSea(TM) whole-food beverages with industry exclusive Marine Phytoplankton, the Versativa line of hemp-based whole-food products, Immune Support, Weight management products, Pulse-8 powdered L-arginine formula, TRUessence(TM) Essential Oils and Apothecary, 24Karat Chocolate(R), and an entire catalog of meals, snacks, household cleaners and personal care products.

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Lawsuit: Nu Skin Paid MLM Compensation To Chinese Distributors

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Several former Chinese distributors of Nu Skin Enterprises, Inc. claim the marketer of skin care and nutritional supplements authorized sales representatives to earn compensation on their “downline” network in violation of the country’s regulations, according to a consolidated putative class-action complaint that was filed last month in Utah federal court against Nu Skin.
Nu Skin misled shareholders, orchestrating a “massive expansion in China knowing that Nu Skin’s form of multi-level compensation violated many of China’s regulations on direct selling and prohibitions on pyramid schemes,” the lead plaintiff State-Boston Retirement System, a government pension plan, alleged in the 124-page lawsuit filed on June 30.
Plaintiffs in the consolidated complaint have requested certification of a class of shareholders who purchased Nu Skin securities including options between May 4, 2011 and January 17, 2014. The end of the class period roughly coincides with a precipitous decline in Nu Skin’s stock price (NUS: NYSE), following revelations that the Chinese government was investigating its business practices. 
Plaintiffs have alleged violations of Section 10(b) of The Exchange Act and Rule 10(b)(5), and Section 20(a) of The Exchange Act.
“We continue to believe the allegations are without merit and intend to defend ourselves vigorously,” Nu Skin spokesperson Kara Schneck said. “Nu

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