Clean audit on Herbalife set back Ackman's pyramid claim

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.


Manulife purchases first office building to bet on demand

Manulife Financial Corp bought a 21-story office building in New York's financial district from Mitsui Fudosan Co in a deal worth $166.5 million to capitalize on growing demand, Bloomberg reported.

Australia's Westfield wins rights to lease out lower Manhattan subway stores

The Metropolitan Transit Authority has selected Westfield Group to lease out stores at the Fulton Street Transit Center. This would make the Australian shopping center owner a dominant retail landlord in lower Manhattan.

Chicago's WyzAnt lands $21.5M to beef up tutoring services

Chicago-based tutoring services provider WyzAnt has received $21.5 million in a Series A funding round from Accel Partners to expand its services and develop new digital tools for student-tutor interaction.


Latest News

Canadian dairy firm Saputo Inc, following a probe by Australia's Takeover Panel, said that it will raise and extend its takeover offer for Warrnambool Cheese and Butter Factory Holdings Co.
Virginia-based business development company Gladstone Capital Corporation invested $5.5 million in debt and equity to acquire Minnesota-based steel container supplier Behrens Manufacturing LL, with the participation of co-investor Gladstone Investment Corporation.
US District Judge Robert Sweet ruled that Nasdaq OMX Group Inc needs to face the cases filed against it by investors who claimed that the exchange platform was responsible for the bungled Facebook IPO, Reuters reported.
The Delaware Supreme Court on Monday dismissed Cooper Tire & Rubber Company's appeal against an earlier court ruling favoring Indian tire maker Apollo Tyres Ltd. The two companies went on trial in November over the stalled merger deal.
US antitrust regulators gave the green light to Gannett Co. Inc.'s $1.5 billion purchase of Belo Corporation as long as the deal excludes St. Louis television station KMOV-TV.
Australian natural gas giant APA Group entered an agreement to acquire the rest of distribution firm Envestra Ltd after increasing its offer to around AU$1.4 billion ($1.3 billion).
Shareholders of Italian telecom company Telecom Italia are were said to vote this week on whether or not to oust its current board. Rebel investor Findim Group on Monday proposed candidates for Telecom Italia's new board.
Texas-based sales analytics firm PROS wants to boost its price-recommendation capabilities by acquiring San Francisco-based predictive analytics company SignalDemand in a deal valued at $13.5 million.
San Francisco-based motivational startup Pact has raised $1.55 million in a recent funding round to develop its mobile apps that help users hit health goals through monetary stakes.
Australia-based agricultural firm Ruralco Holdings Ltd will raise $25 million for the company's growth through a fully underwritten institutional placement that prices its shares at $3.25 apiece.