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Hot Business News Today
Should You Be Worried About a Market Crash in 2020?
by Phil Town • • 0 Comments
Hot Business News Today
The Indicators That a Market Crash Is Approaching
by Phil Town • • 0 Comments
Phil Town describes the economic and global forces that point to a crash and what it could mean for individual investors.
Hot Business News Today
Herbalife Launches Second Attack On Bill Ackman
by Tina Williams • • 0 Comments
Fox Business Reports: Herbalife, (HLF) the embattled nutritional supplements company, has released its second attack-video against its chief nemesis, Bill Ackman, accusing the hedge fund billionaire of enriching himself through activist campaigns that lead to massive layoffs at his targeted companies, the Fox Business Network has learned.
“Billionaire Bill Ackman would like us to believe his corporate raiding has a higher purpose than mere wealth accumulation but for the tens of thousands of employees who lost their jobs because of his meddling he is probably more prince of darkness than white knight,” the video states.
The video is the second to be featured on the firm’s recently launched website, which also contains various stories about the short-seller’s attacks against the company.
An Herbalife spokesman had no comment; neither Ackman nor a spokeswoman for his Pershing Square hedge
Hot Business News Today
CVSL Stock Opens, Closes At $13 In Debut
by Tina Williams • • 0 Comments
CVSL, a holding company for direct sale businesses, debuted on the New York Stock Exchange Friday, uplisting from an over the counter exchange.
Dually headquartered in Dallas and Luzern, Switzerland, CVSL saw its stock traded as high as $19.85 per share on the OTC market in the past year. It hit NYSE under the ticker symbol CVSL and opened and closed at $13 per share.
“We didn’t really anticipate a large change in the pricing, the point was more to be on the stock exchange,” said Russell Mack, vice president of the company. “This was the first step of a long-term strategy.”
Just over 18 months ago, CVSL made its first acquisition, buying Longaberger, an Ohio company that creates pottery and baskets. It now owns eight businesses in the direct to consumer market and want to continue to add to its portfolio. M&A will be the company’s major focus in 2015 as it works to grow geographically and across industries.
“Right now out of our companies we represent nine industries,” Mack said. “What we want to do is build outward and diversify so CVSL represents as many categories of direct to consumer as possible.”
“We also want to expand geographically,” he added. “We’re currently selling in