Monday, 4 May 2015
Last updated 47 min ago
Mar 14 2014 | 10:50am ET
Nutritional supplements company Herbalife has postponed its annual meeting by five days, following its disclosure that it faces a Federal Trade Commission investigation.
The delay has nothing to do with the probe, Herbalife said. Instead, it needs more time to negotiate with its largest shareholder and chief cheerleader, Carl Icahn, over new board nominees.
Icahn already has two seats on Herbalife’s board.
Herbalife said Wednesday that the FTC had launched a civil probe. The company has been battling allegations by Pershing Square Capital Management’s William Ackman that it is a pyramid scheme.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…