• Feds fine Herbalife $123 million for bribing Chinese officials

    Feds fine Herbalife $123 million for bribing Chinese officials

    The feds fined nutritional supplement maker Herbalife about $123 million for running a decade-long bribery scheme to boost its business in China, officials said Friday. The penalties from two federal agencies were just the latest legal entanglements for Herbalife, which in recent years has seen two former Chinese executives indicted and fought allegations that it …
  • Pershing Square’s Bill Ackman files for blank-check IPO

    Pershing Square’s Bill Ackman files for blank-check IPO

    After making billions on the pandemic in March, Bill Ackman is on the lookout for a new investment. The founder and CEO of Pershing Square Capital Management has reportedly filed for what’s known on Wall Street as “a blank-check IPO” — or a public offering meant to raise money for an acquisition or merger. In …