Bill Ackman’s quest to expose Herbalife Ltd. started with a tip from a friend. The call came from a reporter turned stock researcher, who had penned a book about the hedge fund manager’s last big short and was now telling him that Herbalife smelled like a pyramid scheme.
Express Scripts Inc.’s takeover of Medco Health Solutions Inc. is offering the biggest potential windfall in North America even as traders are more confident than ever the acquisition will clear U.S. regulatory hurdles.
Laboratory Corp. of America can complete the purchase of rival clinical-testing company Westcliff Medical Laboratories Inc., a U.S. judge ruled, rejecting a challenge by the U.S. Federal Trade Commission.
Sinovel Wind Group Co., the world’s second-biggest wind-turbine maker, said American Superconductor Corp. is seeking more than 37.9 million yuan ($6 million) for software copyright violations in a claim filed at the Beijing First People’s Court.
The four-year-old CVS Caremark Corp. merger hurt customers by reducing competition and increasing prices, five consumer groups said, adding pressure on the drug retailer after some investors called for a split-up.