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NEW YORK, Aug 18- Avon Products Inc is seeking approval of a $62 million settlement of a U.S. lawsuit accusing the cosmetics company of defrauding shareholders by concealing its failure to stop workers from bribing officials in China to win business. The proposed settlement was filed on Tuesday with the U.S. District Court in Manhattan and requires a judge's...
July 9- Drugstore chain Walgreens Boots Alliance Inc, formed by Walgreens' takeover of Europe's Alliance Boots in December, reported a better-than-expected quarterly profit, helped by higher prescription sales and lower costs. Walgreens Boots Alliance also bought Avon Products Inc's U.K.- based Liz Earle skincare business for 140 million pounds.
“Mad Money” host Jim Cramer issues a warning to Twitter—bye bye birdie?
Jim Cramer issues an official warning regarding Twitter stock, as it could be in much more trouble than you thought.
The U.S. Securities and Exchange Commission sued Nedko Nedev, 37, of Sofia, Bulgaria, and several corporate defendants in Manhattan federal court, after a firm calling itself PTG Capital Partners offered on May 14 to buy Avon for $18.75 per share, a 181 percent premium. According to the SEC, Nedev and others tried to manipulate prices of Avon, Rocky Mountain...
The U.S. Securities and Exchange Commission filed a lawsuit over an alleged fake offer to buy Avon Products.
According to the SEC, Nedev and others tried to manipulate the prices of Avon, Rocky Mountain Chocolate Factory Inc and Tower Group International Ltd by filing false tender offers on its public Edgar database, and issuing fraudulent press releases. Meanwhile, the SEC said the share price of Tower Group rose 32 percent on May 13, 2014 after a fraudulent press...
NEW YORK, June 4- The U.S. Securities and Exchange Commission on Thursday accused a Bulgarian man and several corporate defendants of submitting bogus takeover bids for Avon Products Inc and two other companies to fraudulently drive up their share prices. In a complaint filed in federal court in Manhattan, the SEC accused Nedko Nedev and the other defendants of...
In a May 27 letter released on Thursday, Iowa Republican Senator Charles Grassley told the U.S. Securities and Exchange Commision he was concerned the incident exposes a "systemic vulnerability" within the SEC's EDGAR online repository. An SEC spokeswoman declined to comment on Grassley's letter. The SEC does not fact check or make corrections to filings, and...
Former SEC Inspector General David Kotz sthinks the SEC should do something to protect against future Avon-like hoaxes.
A look into the fake bid for Avon, with CNBC's Eamon Javers and David Kotz, former SEC Inspector General.
Inside the process of how a fake bid for Avon Products could have been filed, with CNBC's Eamon Javers.
An apparently fake bid for Avon is reportedly being reviewed by the SEC.
U.S. stocks closed one percent higher on Thursday as investors cheered further weakness in the dollar and calmer bond markets, amid mixed economic data.
Fake filing causes headaches
On Thursday a fake bid to acquire Avon sent shares surging but this type of stock manipulation is nothing new.
What we know about the Avon Products offer, with CNBC's Brian Sullivan and Bob Pisani.
Avon's stock was halted three times after reports surfaced that it might be acquired by a company called PTG Capital Partners.
Avon says it has not received any offer from PTG and can't confirm its existence. CNBC's Kate Rogers reports.
Avon was halted because of circuit breakers and the volatility in trading, with CNBC's Bob Pisani, and FMHR trader Joe Terranova.