William Ackman of Pershing Square Capital Management.© Shannon Stapleton / Reuters/Reuters
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Attorneys for Bill Ackman believe the activist investor's assault on Herbalife could spawn a lawsuit from the health products company.
If filed, the lawsuit could involve alleged "tortious interference," claiming Ackman intentionally damaged Herbalife's business relationships. The speculation comes on the heels of Tuesday's defection of a large Herbalife distributor who called on other distributors to join him in leaving the company.
Sears analysts underwhelmed by CEO switch
Edward S. Lampert has gone from being Sears Holdings' largest shareholder to CEO. Based on past performance, analysts are not overly enthusiastic.
Morgan Stanley to cut 1,600 jobs?
An anonymous source tells Reuters that the bank plans to cut 6 per cent of its institutional securities unit staff starting this week. In addition to related job cuts of support staff, Morgan Stanley's work force reduction could amount to 1,600 people.
First Quantum sends $5.1-billion takeover offer to Inmet shareholders
First Quantum Minerals on Wednesday filed its $5.1-billion hostile takeover offer for Canadian rival Inmet Mining, officially starting the clock on its bid to create a "top five" copper producer.
The economics of the platinum coin option
No one would actually want a $1-trillion coin, says The Economist. However, there might be demand for a bunch of $50-million coins.