New York City

Herbalife Surges After Announcing $600MM Stock Buyback, Failed LBO Transaction

Herbalife announced that while the company had tried and failed to pursue an LBO, it has instead entered into a pact with Carl Icahn and unveiled a "self-tender" offer according to which it would pursue a whopping $600 million buyback, equivalent to about 10% of its market cap, purchasing shares at a price between $60 and $68

Which States Have The Most Mortgage Fraud

Florida led the way by a large margin, with eight times the number of expected mortgage fraud investigations. Nevada came in second, with just more than 2.5 times the number of expected investigations. Those two states showed some of the worst declines during the collapse of the housing bubble.