Tim Ramey News
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Herbalife Ltd. hired PricewaterhouseCoopers LP as its new auditor after previous accounting firm KPMG LLP resigned because of alleged insider trading.
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Herbalife Ltd. rose the most in more than four months, signaling that Carl Icahn’s prediction that rival hedge-fund manager Bill Ackman would become the victim of the “mother of all short squeezes” may be coming true.
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Herbalife Ltd., the nutrition company at the center of a battle between hedge-fund managers Bill Ackman and Carl Icahn, raised its 2013 earnings forecast as first-quarter profit topped analysts’ estimates.
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Were this a movie script, the working title could be “The Short Versus the Herbalife Bulls.”
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Hostess Brands Inc., the bankrupt baker of Twinkies and Wonder bread, may attract bids for its brands from rival Flowers Foods Inc. and private equity firm C. Dean Metropoulos & Co. in a liquidation the company estimates will take about a year.
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Ralcorp Holdings Inc. , the St. Louis-based producer of Post cereals, agreed to buy American Italian Pasta Co. for about $1.2 billion in cash, to gain control of the biggest maker of dry pasta in North America.
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Sara Lee Corp. said Chief Executive Officer Brenda Barnes is taking a temporary medical leave of absence, prompting the food maker to create a special group to oversee the company’s strategy.
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Hostess Brands Inc., the bankrupt maker of Wonder bread and Twinkies, said it will fire more than 18,000 workers and liquidate after a nationwide strike by bakery workers crippled operations.
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Daniel Loeb is squaring off against Bill Ackman over the future of Herbalife Ltd.
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Smithfield Foods Inc., the world’s largest hog producer, jumped the most in more than two years after reporting better-than-estimated fiscal third-quarter earnings and forecasting growth at its U.S. packaged-meat unit.
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