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Questions Arise From Herbalife's Earnings, Conference Call
Friday, August 4, 2017 - 10:15am | 501Herbalife Ltd. (NYSE: HLF) has been one of the most controversial stocks in the market in recent years, and the company’s Q2 earnings report and conference call have presented investors with even more questions about the future of the company. Restructuring Taking Its Toll In June,...
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FTC Commissioner Calls FTC's Action Against Qualcomm 'Flawed,' Voted Against Complaint
Monday, January 23, 2017 - 2:23pm | 548QUALCOMM, Inc. (NASDAQ: QCOM) has found an unusual ally in FTC Commissioner Maureen Ohlhausen, as it gears up to tackle multiple lawsuits against it. The Background The FTC had last week charged Qualcomm with anti-competitive practices, with the agency alleging that Qualcomm maintains a "no...
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Western Union Admits Violating Money-Laundering Laws In $586 Million FTC Settlement
Thursday, January 19, 2017 - 2:32pm | 395The Western Union Company (NYSE: WU) shares halted and subsequently plummeted Thursday upon news of a $586 million settlement with the Department of Justice and Federal Trade Commission. Susquehanna analysts said the settlement had long been expected, and Western Union had accrued more than $15...
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FTC Chair Edith Ramirez, Notable MLM Opponent, To Step Down Next Month
Friday, January 13, 2017 - 2:29pm | 346With the chairperson of the Federal Trade Commission stepping down on February 10, proponents of multi-level marketers (MLMs) have reason for tentative hope. Edith Ramirez, a known opponent of MLMs, had widely criticized elements of the business model as illegitimate and denounced corporations...
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Google Inc 'Won't Be Evil' With $19 Million Settlement
Thursday, September 4, 2014 - 3:30pm | 278Google Inc's (NASDAQ: GOOG) (NASDAQ: GOOGL) corporate motto "Don't Be Evil" came under a curious light Thursday. It agreed to pay at least $19 million to settle federal charges that it allowed children to incur millions of dollars in charges unauthorized by parents. The...
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Congresswoman From California Urges FTC to Probe Herbalife
Thursday, June 13, 2013 - 3:55pm | 327According to an article written by Dan McCrum of the Financial Times, Linda Sanchez, a Democratic congresswoman from California has urged the Federal Trade Commission to investigate Herbalife (NYSE: HLF). Sanchez alleges that the nutrition supplement company is a pyramid scheme. In a letter to...