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Friday, 1 August 2014

Allergan sues Valeant, Ackman for alleged insider trading

http://ift.tt/eA8V8J Allergan Inc , which is fighting a $51 billion hostile takeover bid from Valeant Pharmaceuticals International and activist investor William Ackman, on Friday filed a federal lawsuit alleging they violated ...



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Allergan sues Valeant, Ackman for alleged insider trading

Ackman, founder and CEO of hedge fund Pershing Square Capital Management, speaks at the Sohn Investment Conference in New York (Reuters) - Allergan Inc , which is fighting a $51 billion hostile takeover bid from Valeant Pharmaceuticals International and activist investor William Ackman, on Friday filed a federal lawsuit alleging they violated insider trading laws and engaged in other fraudulent practices. (Reporting by Ransdell Pierson)








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Harley-Davidson recalls motorcycles due to ignition problem

Various models of motorcycles are shown at Harley-Davidson of Frederick in Frederick Maryland (Reuters) - Harley-Davidson Inc is recalling more than 3,000 motorcycles to fix an ignition switch issue that can cause the bikes to stall and crash, the U.S. National Highway Transportation Safety Administration said on Friday. The U.S. motorcycle maker informed NHTSA that excessive engine vibrations could trigger the issue, which it said affects 3,361 of its 2014 FXDL Dyna Low Rider motorcycles. This is the second big recall Harley-Davidson has been forced to make this summer, typically the company's peak selling season. In July, the Milwaukee-based company told NHTSA it was recalling more than 66,421 Touring and CVO Touring motorcycles from the 2014 model year to fix a problem that could cause the bike's front wheels to lock up and crash.








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US markets fall for a second day

FILE - This April 22, 2010, file photo, shows a Wall Street sign in front of the New York Stock Exchange. U.S. stocks slumped Thursday, July 31, 2014, as investors reacted to disappointing corporate earnings reports and assessed the implications of the approaching end to economic stimulus from the Federal Reserve. (AP Photo/Mark Lennihan, File) NEW YORK (AP) — U.S. markets were moving lower Friday, a day after a major sell-off. Energy stocks had some of the biggest losses after Chevron reported weaker oil and gas production. Exxon Mobil had reported disappointing production figures the day before.








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Balance Schmalance

Balance Schmalance Ladies, let's stop kidding ourselves: Work-life balance is a fairytale. And the emerging change of nomenclature to the term work-life effectiveness feels a bit like putting lipstick on a pig. It's a futile attempt to put a more positive spin on a thorny issue. My concern with either term/phrase is the notion that work and life are separate. We...








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Kerry condemns 'outrageous' Gaza violations

U.S. Secretary of State John Kerry announces a 72-hour humanitarian cease-fire beginning Friday between Israel and Hamas, in New Delhi, India, Friday Aug. 1, 2014. During the 72-hour cease-fire there will be negotiations on a more durable truce in the 24-day-old Gaza war, the United States and United Nations announced. (AP Photo/Lucas Jackson, Pool) The chief U.S. diplomat demands Hamas "immediately" release a captive Israeli soldier.








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U.S. issues travel warning for 3 Ebola-hit countries

This photo provided by the CDC shows an ebola Virus. U.S. health officials are monitoring the Ebola outbreak in Africa but say the risk of the deadly germ spreading to the United States is remote. (AP Photo/CDC) U.S. health officials are warning Americans not to travel to the three African countries hit by an outbreak of Ebola.








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