San Francisco’s Bay Area Rapid Transit District rode the best rally in top-grade municipal debt since 2008 to earn historically low relative borrowing costs after settling its longest strike in 16 years.
Herbalife Ltd., the nutrition company at the center of a battle between hedge-fund managers Bill Ackman and Carl Icahn, posted third-quarter profit that beat analysts’ estimates as sales gained in the Americas.
The U.S. Nuclear Regulatory Commission’s monitoring of aging components in nuclear power plants is “not focused or coordinated,” raising concern that the some safety risks may go undiscovered, according to a watchdog report.
Herbalife Ltd. Director Jeff Dunn said he expects a “clean read” when PricewaterhouseCoopers LP finishes new audits of the company’s books amid allegations by hedge fund manager Bill Ackman that it’s a pyramid scheme.
Bill Stiritz paid scant attention to Herbalife Ltd. until a televised smackdown in January between billionaire hedge-fund activists Carl Icahn and Bill Ackman, who claims the nutrition company is a pyramid scheme. Icahn’s rebuttal convinced Stiritz to take a closer look.
Bonds issued by California school districts that defer billions of dollars in interest payments for decades are rallying to a five-month high as Governor Jerry Brown prepares to sign a bill limiting their use.
Herbalife Ltd. Chief Executive Officer Michael Johnson accused hedge fund manager Bill Ackman of “gross mischaracterizations” about the nutrition company’s direct-selling model as Herbalife executives mounted a point-by- point defense for investors.
Herbalife Ltd. said Chairman and Chief Executive Officer Michael Johnson was paid compensation of $10.3 million in 2012, a drop from the previous year when his pay was inflated by the value of stock awards.