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Avon Products Inc

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  • NEW YORK— Cosmetics and fragrance maker Coty said its interim CEO will continue in that role, and Elio Leoni Sceti, who was scheduled to become its CEO in about a week, won't be joining the company. Chairman Bart Becht has been Coty's interim CEO since September. Coty said the severance payment, which is equal to one year's salary, was part of the employment agreement...

  • 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...

  • 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...

  • SEC sues over alleged hoax Avon, Rocky Mountain bids Thursday, 4 Jun 2015 | 12:10 PM ET

    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...

  • Fake Avon filing puts spotlight on SEC Friday, 15 May 2015 | 5:53 PM ET
    SEC Securities and Exchange Commission

    Former SEC Inspector General David Kotz sthinks the SEC should do something to protect against future Avon-like hoaxes.

  • Easy access to Edgar database? Uh-oh Friday, 15 May 2015 | 4:00 PM ET
    Easy access to Edgar database? Uh-oh

    A look into the fake bid for Avon, with CNBC's Eamon Javers and David Kotz, former SEC Inspector General.

  • SEC examines phony Avon bid Friday, 15 May 2015 | 10:14 AM ET
    SEC examines phony Avon bid

    Inside the process of how a fake bid for Avon Products could have been filed, with CNBC's Eamon Javers.

  • Avon shares soar after fake bid Friday, 15 May 2015 | 7:00 AM ET
    Avon shares soar after fake bid

    An apparently fake bid for Avon is reportedly being reviewed by the SEC.

  • Trader on the floor of the New York Stock Exchange.

    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.

  • Pisani: The Avon Hoax and what it means Thursday, 14 May 2015 | 3:41 PM ET
    Trader on the floor of the New York Stock Exchange.

    Fake filing causes headaches

  • Fake Avon takeover bid is 'a cautionary tale' Thursday, 14 May 2015 | 3:22 PM ET
    Avon headquarters in New York.

    On Thursday a fake bid to acquire Avon sent shares surging but this type of stock manipulation is nothing new.

  • Avon to CNBC: No proof PTG exists Thursday, 14 May 2015 | 2:00 PM ET
    Avon to CNBC: No proof PTG exists

    What we know about the Avon Products offer, with CNBC's Brian Sullivan and Bob Pisani.

  • Avon: Have not received offer, no proof PTG exists Thursday, 14 May 2015 | 12:35 PM ET
    Avon Products Inc.

    Avon's stock was halted three times after reports surfaced that it might be acquired by a company called PTG Capital Partners.

  • Avon to CNBC: Has not received any offer from PTG Thursday, 14 May 2015 | 12:08 PM ET
    Avon to CNBC: Has not received any offer from PTG

    Avon says it has not received any offer from PTG and can't confirm its existence. CNBC's Kate Rogers reports.

  • Avon halted 3 times on volatility Thursday, 14 May 2015 | 12:08 PM ET
    Avon halted 3 times on volatility

    Avon was halted because of circuit breakers and the volatility in trading, with CNBC's Bob Pisani, and FMHR trader Joe Terranova.

  • May 5- Animal health products maker Zoetis Inc said it would reduce operations in Venezuela and consider selling or exiting 10 manufacturing sites over the long term. Ackman's Pershing Square Capital Management was Zoetis's biggest shareholder with an 8.35 percent stake as of April 10, according to Thomson Reuters data. Zoetis, which was spun off from Pfizer...

  • Operating conditions in Venezuela worsened in February after President Nicolas Maduro's socialist government launched a 70 percent devaluation of the bolivar via a new "free floating" currency system known as Simadi. Herbalife, which did not return messages seeking comment, has said in regulatory filings it may be forced to deconsolidate its operations in...

  • Early movers: VIA, CI, TWC, AAPL, GNRC & more Thursday, 30 Apr 2015 | 7:57 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Chief Executive Sheri McCoy has been struggling to turn around Avon as it loses representatives- the so-called "Avon Ladies"- in the United States and grapples with weak demand in Brazil. Revenue fell 17 percent in Brazil and fell 12 percent in Mexico, Avon said, pulling down revenue from Latin America by 22 percent. The net loss attributable to Avon decreased to...