CNBC's Herb Greenberg explains why multi-level marketer Blyth is on his radar.» Read More
CNBC's Herb Greenberg explains why multi-level marketer Blyth is on his radar.
GREENWICH, Conn.-- Blyth Inc.' s shares sank Wednesday after the direct marketing company reported a 65 percent drop in first-quarter net income and lowered its full-year outlook. Blyth earned $2.6 million, or 16 cents per share, for the quarter that ended March 31.
NEW YORK-- A look at the 10 biggest percentage decliners on New York Stock Exchange at 1 p.m.:. Fusion-io Inc. fell 23.6 percent to $13.75. Axiall corp. fell 16.0 percent to $47.46.
*Enters affiliation agreement with Sun Dental Laboratories LLC. *Says will provide the primary inside and outside sales teams, installation. and training services, and after-sales support.
*Comerica increases available borrowings under amended credit facilities. *Comerica bank has increased co's credit facility agreements from $8 million. to $10 million* Source text for Eikon* Further company coverage.
*USPTO rejects all claims subject to reexamination in the CAO group's patent.
Take a look at some of Friday's midday movers:
The trouble, according to Joe Mariano, president of the Direct Selling Association, that "there are a lot of pyramid schemes that like to disguise themselves as legitimate direct-selling companies."