A Latino advocacy group supporting hedge-fund manager Bill Ackman’s claim that Herbalife Ltd. is a pyramid scheme said it met with a federal regulator yesterday to push for an investigation of the nutrition maker.
Advantage Rent A Car, spun off by Hertz Global Holdings Inc. to win U.S. approval for its purchase of Dollar Thrifty Automotive Group Inc., filed for bankruptcy after talks with Hertz over vehicle lease payments broke down.
Hertz Global Holdings Inc. is slated to win back rental car locations it had to sell to resolve antitrust claims over its $2.3 billion purchase of Dollar Thrifty, diluting regulators’ efforts to promote competition in the industry.
The Federal Trade Commission is considering using its rule-making power to stop so-called pay- for-delay deals between brand-drug manufacturers and makers of generic medicines after failing to get judges or Congress to act, three people familiar with the process said.
Herbalife Ltd., the nutrition company that hedge fund manager Bill Ackman has accused of being a pyramid scheme, fell the most in a year after a U.S. senator called for a probe into the company’s operations.