| Dec 18, 2013
A year ago, activist investor Bill Ackman rocked Wall Street with a $1-billion bet that shares of Herbalife Ltd., the Los Angeles seller of weight-loss and nutrition products, would slide to zero.
Herbalife was a "pyramid scheme," bound to be undone...
| Dec 4, 2013
| 1:30 PM
Shareholder activist Carl Icahn said Wednesday he had informed Apple that he has submitted a proposal to let shareholders vote on a larger stock buyback.
In a tweet Wednesday, Icahn wrote: "Gave $AAPL notice we’ll be making a precatory proposal to...
| Nov 14, 2013
| 12:55 PM
MGM Holdings Inc., the parent of Metro-Goldwyn-Mayer Inc., on Thursday reported third-quarter net income of $16.6 million, buoyed by the strong performance of "Skyfall" and “The Hobbit: An Unexpected Journey" on home entertainment platforms.
| Nov 13, 2013
| 11:55 AM
A new stock index was launched Wednesday to help investors keep track of the investing strategies of some of the smartest minds on Wall Street.
The iBillionaire index lists 30 large-cap stocks owned by billionaire investors, including Warren Buffett,...
| Oct 28, 2013
| 7:21 PM
Nutritional products maker Herbalife Ltd. reported a nearly 27% jump in third-quarter profit amid double-digit sales growth in China and Latin America.
The Los Angeles company reported net income of $142 million, or $1.32 a share, for the three months...
| Oct 25, 2013
| 10:08 AM
Netflix said it will become the exclusive subscription on-demand service providing Disney live-action and animated films in the Netherlands.
Beginning next year, Netflix subscribers will have access to first-run films from Disney, Pixar and Marvel...
| Oct 24, 2013
| 9:36 AM
Dozens of people have called on the Federal Trade Commission to investigate multilevel marketing, a controversial industry that includes companies such as Herbalife Ltd., Amway, Avon and others.
In a letter delivered to the FTC's Washington offices...
| Oct 23, 2013
| 12:40 PM
The Directors Guild of America and the group representing the major Hollywood studios have agreed to begin contract negotiations next month, nearly seven months before the expiration of the current agreement.
The DGA and the Alliance of Motion Picture...
| Oct 23, 2013
| 12:10 PM
In a bid to spur digital movie purchases, Sony Pictures has struck a deal with Wal-Mart's Vudu video streaming service to add video sharing and other features to new releases including "This Is the End" and "After Earth" as well as forthcoming titles such...
| Oct 23, 2013
| 7:27 AM
After the coffee. Before deciding who to root for in the World Series.
The Skinny: If I don't have a personal rooting interest in the World Series, I tend to go with the American League. This year is tougher since the Red Sox beat the Tigers and I hate...
| Oct 22, 2013
| 4:32 PM
Activist investor Carl Icahn said he sold nearly 3 million shares in Netflix, noting he reaped a substantial windfall from his investment in the online video service.
Icahn said he decided it was time to cash out, after the rapid appreciation of the...