The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Hedge fund mogul William Ackman, who has spent more than two years accusing Herbalife of running a pyramid scheme, said on Monday that shutting down the company is "one of the most important things" he can do.
Speaking at a meeting of the Council of Institutional Investors' in Washington, Ackman said again that Herbalife has caused "enormous harm to a very vulnerable population" by targeting undocumented Latinos in the United States and other poor people.
Sparking some laughter in the audience, he urged everyone who might own stock in the company to sell it.
The company has vehemently denied running a pyramid scheme ever since Ackman's $20 billion hedge fund, Pershing Square Capital Management, first unveiled a $1 billion short bet against the company in December 2012. Federal and state regulators, including the Securities and Exchange Commission and the Federal Trade Commission, are investigating the company.
A spokeswoman for Herbalife said the company planned to respond shortly to Ackman's latest attack.
Ackman said that when he first bet against Herbalife, he had not anticipated that another billionaire investor, Carl Icahn, would come in, take a long view on the company and "go on CNBC once a week saying how great the company was and how bad I was."
Had Icahn not shown up, Ackman said, the whole thing would be over in a few months and Herbalife's alleged pyramid scheme would have collapsed.
He said he knows the SEC has limited resources to investigate wrongdoing and that the agency should have a "quarterly sit-downs" with the market's top short sellers to help detect fraud.
On the sidelines of Monday's conference, Ackman declined to discuss any meetings he may have had with regulators at the SEC or the FTC, but he acknowledged that he is meeting with some government officials while in Washington.
Herbalife's stock closed at $42.72 on Monday, up 13.47 percent for the year.
Pershing Square has felt the impact of Herbalife's recent stock climb, but the fund remains in the black with a gain of 4.6 percent for the year through March 24.