Herbalife Ltd., the nutrition company that hedge fund manager Bill Ackman has accused of being a pyramid scheme, disclosed that the U.S. Federal Trade Commission has started a civil probe into its practices.
Starbucks Corp., the world’s largest coffee-shop operator, will test a smartphone service this year that lets customers order items ahead of time at some U.S. cafes, part of a push to promote its mobile application.
Express Inc., a retail chain with about 630 stores, tumbled the most in three months after the company forecast lower-than-anticipated sales and profit, citing an “extremely difficult” start to the year.
Billionaire Bill Ackman, renewing his attack on the nutrition and weight-loss company Herbalife Ltd., said its investigation into the business’s Chinese operations found that they violate direct-selling laws.
McDonald’s Corp., the world’s largest restaurant chain, rose the most in more than two years after Chief Financial Officer Pete Bensen said the company may look to cut costs and borrow more cash to return to investors.