Despite getting clearance from accounting firm PricewaterhouseCoopers LLP regarding its fiscal statements for the last three years, activist investor Bill Ackman appeared to be not convinced that Herbalife Ltd is not operating a pyramid scheme.
People
Microsoft Corp's CEO contender Nadella huddles with Paris startups
While the search for the next CEO of Microsoft Corp intensifies. lead contender Satya Nadella took the time to mingle with Paris startups in a conference, Bloomberg reported.
Ex-Chesapeake Energy Corp CEO looks for investors in new venture
Aubrey McClendon, the former Chief Executive Officer of Chesapeake Energy Corp, is seeking investors for a new venture that would invest in oil and gas.
David Gonski named as new Chairman of Australia & New Zealand Banking Group
David Gonski, the head of the sovereign wealth fund of Australia, will be the Chairman of the Australia & New Zealand Banking Group Ltd, Bloomberg reported.
Russia extends $15B bailout package to Ukraine
The state of Russia under President Vladimir Putin agreed to acquire $15 billion worth of Ukrainian Eurobonds to help the beleaguered country of Ukraine out of a potential currency crisis, according to a Reuters report.
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Auction house Sotheby's named Tom Ford International Chairman and former Gucci head Domenico De Sole as its lead independent director amid criticism from activist investor Daniel Loeb.
Citing a December 13 filing with the US Securities and Exchange Commission, Bloomberg reported that Legg Mason Inc's Bill Miller will be starting a mutual fund under his own name together with his son.
Outgoing chief executive officer of General Motors Co Dan Akerson has said that US taxpayers actually netted a gain despite the US government losing $10.5 billion stemming from a bailout package it extended to the carmaker in 2009, according to an Associated Press report.
Comcast Corporation and Khan Academy, a free online education portal, jointly announced its newest venture to promote free education of digital skills in low income families to increase adoption of broadband services.
Deck, a cloud-based presentation app based in Bangalore, India, announced that it has raised $600,000 in a seed funding round led by Hotmail co-founder Sabeer Bhatia.
Christie's International Plc is said to be conducting its first auction of artworks in Indian soil, and will highlight modern master Tyeb Mehta's (1925-2009) work entitled "Mahishasura."
Sources told the Wall Street Journal that BlackBerry's executive vice president of global sales and official in charge of its mergers and acquisitions strategy will be departing the struggling smartphone maker in weeks.
Indian investors at a December 14 speech by Afghan President Hamid Karzai were not convinced that the latter's country is safe enough to carry out their investment plans, according to a Bloomberg report.
The government of North Korea under Kim Jong-un appeared to be purging close allies of disgraced political leader and family member Chang Song-thaek as the former orders its business people in China to come home.
