Skip to main content

Write-Offs: 06.18.13

  • Author:
  • Updated:

$$$Rigged-Benchmark Probes Proliferate From Singapore to UK [Bloomberg]

$$$ Bill Ackman attacked a recent survey that Herbalife says refutes allegations that it is a pyramid scheme and reiterated his call for an investigation of the company. Ackman’s Pershing Square hedge fund said that the Nielsen survey funded by the company relied on responses from only 349 individuals to conclude that 7.9 million Americans have bought Herbalife’s products in the past three months. While Herbalife has “incurred substantial expense in commissioning surveys,” the company “refuses to release actual sales data,” Pershing said in a statement. “If Herbalife is a legitimate consumer products company, it should be tracking sales data as closely as possible,” the statement continued. [NYP]

$$$Fox commentator paid $50,000 to tout stock, has contract terminated following disclosure [MarketWatch]

$$$Chiasson, Newman to Remain Free During Appeal, Court Says [Bloomberg]

$$$Niall Ferguson: Paris Could Burn This Summer [CNBC]

$$$Redesigned 'MySpace for Millionaires' Promises 'No Fakes or Frauds' [Gawker]

$$$For Some Areas, the Fed Taper Already Has Begun [CNBC]

$$$Do Successful People Need Sleep? [WSJ]

$$$A Florida man was beaten, robbed, forced to strip naked and abandoned on the side of a road Friday evening during a first date gone horribly wrong, according to police. [TC]


Write-Offs: 02.07.13

$$$ Overheating in Credit Markets: Origins, Measurement, and Policy Responses [Fed, also Free Exchange] $$$ Justice Department, states weigh action against Moody's [Reuters] $$$ Apple Jumps After Saying in Discussions to Return Cash [Bloomberg] $$$ Christie Conditionally Backs New Jersey Internet Gambling [WSJ] $$$ "Italian Prime Minister Mario Monti was presented with a small white dog he dubbed Empatia during an appearance on a TV program. ... Bignardi then asked Monti if he would also like to adopt a dog and brought out the small mixed-breed canine. Monti said holding the fluffy dog felt 'magnificently good.'" [UPI] $$$ Cohen & Steers is looking for a US REITs research associate in New York [DBCC] $$$ "Last October, certain Dell employees were forced to sell some of their company stock at just $9.55 per share. Now the company is being sold to founder Michael Dell for $13.65 per share." [Fortune] $$$ K.K.R.’s Profit Jumps 22% on Investment Gains [DealBook] $$$ Ackman to Herbalife: You’re Not the Girl Scouts [DealBook] $$$ Generic Brand Cat Can't Hide His Disappointment [Copyranter]