The Oakland, California- based company said net income fell to $170 million, or $1.29 per share, from $183 million, or $1.37 per share, in the same quarter a year earlier. Revenue dropped 2 percent to $1.51 billion from $1.55 billion. Wall Street expected $1.52 billion in revenue.
Here's what's really surprising about the Supreme Court's Hobby Lobby decision, says law professor Dan Eaton.
William Johnson, the former chairman, CEO and president of Heinz, is joining buyout shop Advent as a consultant.
Some of the names on the move ahead of the open.
June 23- U.S. authorities have sought information from Dean Foods Co and Clorox Co in connection with an insider-trading investigation of billionaire investor Carl Icahn, the Wall Street Journal reported, citing people familiar with the matter.
Officials are subpoenaing Dean Foods for information on activist investor Carl Icahn and golfer Phil Mickelson, the Wall Street Journal reports.
A change in Venezuela's foreign exchange system will likely boost these stocks, CNBC's Jim Cramer said Monday.
NEW YORK, May 30- The U.S. Federal Bureau of Investigation and the Securities and Exchange Commission are investigating possible insider trading involving billionaire investor Carl Icahn, golfer Phil Mickelson and Las Vegas gambler William Walters, a source familiar with the matter said. Spokespeople for Mickelson, the FBI and the SEC declined to comment.
NEW YORK, June 2- Questions about how to apply securities law to activist investors could complicate any potential insider trading case against billionaire Carl Icahn, pro-golfer Phil Mickelson and Las Vegas gambler William Walters, legal experts said.
The golfer did not trade in Clorox just as Carl Icahn was mounting an unsolicited takeover bid, say four people briefed on the matter. The NYT reports.
CNBC's Andrew Ross Sorkin provides insight to the New York Times report the FBI and the SEC did not find evidence Hall of Fame golfer Phil Mickelson traded Clorox shares.
June 12- Golf star Phil Mickelson was not involved in insider trading in the shares of Clorox Co when billionaire investor Carl Icahn was attempting an unsolicited takeover of the consumer products company in 2011, the New York Times reported, citing people briefed on the probe.
June 11- Golf star Phil Mickelson was not involved in insider trading in the shares of Clorox Co while billionaire investor Carl Icahn was attempting an unsolicited takeover of the consumer products company in 2011, the New York Times reported, citing people briefed on the probe.
Buying stocks that are just about to go "ex-dividend" might be the closest thing to a sure thing as markets offer. USA Today reports.
Here's why Carl Icahn won’t likely be joining the Mount Rushmore of insider trading, says ex-Galleon trader Turney Duff.
All too often, Cramer hears that stocks have become commoditized. That is, they trade as a unit just like corn and wheat.
The gambler's sports empire has earned him "tens of millions, if not hundreds of millions, of dollars," one rival says.
CNBC's Scott Cohn and Herb Greenberg discuss the insider trading investigation involving billionaire Carl Icahn and pro golfer Phil Mickelson.
CNBC's Scott Cohn analyzes the insider trading investigation involving billionaire Carl Icahn and pro golfer Phil Mickelson.
A former federal judge thinks it's curious, though, how the investigation got leaked to the press.