Herbalife revealed on Wednesday that the Federal Trade Commission has opened a civil investigation into the practices of the nutrition company, which sells weight-loss shakes, vitamins and other products.
Moments after Herbalife made the announcement, its stock price plunged. At 1:51 p.m., it had lost 12 percent of its value.
Bloomberg explains that hedge fund manager Bill Ackman accused the company of running a pyramid scheme. Bloomberg adds:
Originally published on Tue March 18, 2014 10:31 am
After 30 years on death row, 64-year-old Glenn Ford has walked out of Louisiana State Penitentiary at Angola a free man after a judge voided his 1983 murder conviction based on new exculpatory evidence.
Ford was convicted of killing Isadore Rozeman, a Shreveport man he'd done occasional yard work for. Rozeman, a jeweler and watchmaker, was found dead in 1983.
Originally published on Wed March 12, 2014 5:45 pm
Arizona Gov. Jan Brewer, whose tenure has been marked by controversial decisions on immigration policy and a contentious relationship with the White House, says she will not seek another term in office.