Carl Icahn

Dell's earnings fall 79% as PC sales sag

2013-05-16 15:12:58

ROUND ROCK, Texas — Dell Inc.'s earnings plunged 79% in the latest quarter as the shift to smartphones and tablets reduced demand for the company's personal computers. The dismal performance announced Thursday might work to the advantage of Dell'...

Icahn joins key shareholder to challenge Dell

2013-05-10 16:24:00

One of the biggest critics of Michael Dell's plan to take the company he founded private has launched a fresh challenge to that $24.4-billion bid and says the slumping PC maker needs new leadership. Billionaire investor Carl Icahn has teamed up with...

Herbalife shares rise above price when Ackman made allegations

2013-05-07 00:00:00

Herbalife Ltd. shares gained 4% and traded part of Monday above the price they were when hedge fund manager Bill Ackman first accused the Los Angeles nutritional products company of operating a long-running pyramid scheme. The company's stock price...

Herbalife shares surge past price when Ackman made allegations

2013-05-06 11:53:00

Herbalife Ltd. shares were up more than 5% Monday and had passed the price they �were when hedge fund manager Bill Ackman accused the Los Angeles nutritional products company of operating a long-running pyramid scheme. The company’s stock price...

Herbalife raises estimate of legal costs amid pyramid allegations

2013-05-03 17:29:00

Herbalife Ltd. said its feud with billionaire hedge fund manager Bill Ackman has been more costly than it anticipated, prompting speculation that the company is bracing for potential government investigations. The Los Angeles nutritional products...

Herbalife says KPMG's resignation hindered stock buybacks

2013-05-01 00:00:00

Herbalife Ltd. said it had to scale back plans to repurchase its shares after KPMG resigned in early April as its auditor and withdrew its review of the company's annual financial statements for the last three years. The Los Angeles nutritional products...

Herbalife posts record results

2013-04-29 19:20:00

Herbalife Ltd. has now notched 17 consecutive quarters in which its profits sailed past Wall Street projections. The Los Angeles nutritional products company told investors Monday that earnings during the first three months of the year climbed nearly...

Herbalife effort to replace KPMG 'nearing completion,' CFO says

2013-04-30 10:24:00

Herbalife Ltd. is making progress in its search for a new accounting firm, executives said during a conference call with analysts Tuesday. The Los Angeles nutritional products company was forced to hire a new accounting firm after KPMG resigned...

Herbalife posts better-than-expected earnings, again

2013-04-29 13:44:00

Los Angeles nutritional products company Herbalife Ltd. reported $1.1 billion in first-quarter sales and profit that soundly beat analysts' expectations and its own guidance. The company reported earnings of $118.8 million, or $1.10 a share, up from...

Herbalife investors meet -- briefly

2013-04-26 00:00:00

Herbalife would seem to have a lot to talk about with its investors, but you'd never know it from Thursday's annual shareholder meeting in Beverly Hills. It lasted less than 15 minutes. Executives didn't address claims raised by hedge fund manager...

Herbalife to reassure investors

2013-04-25 05:00:00

Herbalife Ltd., battling a billionaire investor's bet that its stock will tank, is expected to reassure shareholders at the company's annual meeting Thursday that the Los Angeles nutritional products maker is a strong, healthy, legitimate operation. The...

Herbalife is rocked by new crisis

2013-04-10 00:00:00

This was the last thing Herbalife Ltd. needed. Just as the Los Angeles company appeared to be regaining its footing from a Wall Street hedge fund manager's assault, the company's auditor resigned abruptly because of an alleged insider-trading scandal....

Dell returned in 2007 to run the company he founded in 1984, replacing Kevin Rollins at the board's request. With his company hit by a decline in PC sales, Dell proposed taking it private in February this year.

2013-04-09 00:00:00

Herbalife shares rose after a deal was made with billionaire investor Carl Icahn.

2013-02-28 12:19:34

"I personally think it's going to be 12 to 18 months, that's what I think. And once we pick the person, that kind of says this company is back on its game.

2013-01-07 00:00:00