Fox Business - The Power to Prosper
Search Site

Avon Products

News Corp wins dismissal of U.S. lawsuit over phone hacking

News Corp, its Chairman Rupert Murdoch and other top officials have won the dismissal of a U.S. lawsuit accusing them of defrauding shareholders by concealing widespread, illegal phone hacking at two of its British newspapers.In a decision made public on Tuesday, U.S. District Judge Paul Gardephe in Manhattan said the defendants could not be held liable over statements predating the period for which shareholders sought to recoup alleged losses.The case was based on statements by Murdoch, former News of the World editor Rebekah Brooks and others in the years after the 2006 arrest of reporter Clive Goodman and investigator Glenn Mulcaire, who were both later imprisoned for allegedly hacking the phones of Britain's royal family.Shareholders led by Britain's Avon Pension Fund accused the defendants of making statements in press releases, interviews, conference calls, testimony to Parliament and elsewhere suggesting that the incident was isolated.Instead, they said hacking was "widely pract...

Read More

  1. Wheels Fly Off GM's CEO Pay Story

    Has General Motors' (NYSE:GM) new narrative on chief executive Mary Barra's compensation hit the wall faster than a crash-test dummy?FOX Business has reported as it ...

  2. Direct seller on winning a Lexus

    J.Hilburn seller Susan Kantor on the strategies that have made her successful in a direct sales business.

  3. Will January’s performance be a predictor for 2014?

    S&P Capital IQ’s Sam Stovall on how the market will perform in 2014.

  4. Abercrombie Taps Martinez as Chairman

    Abercrombie & Fitch (NYSE:ANF) separated its chairman and chief executive roles on Tuesday, naming former Sears CEO Arthur Martinez chairman, and abandoned its share...

  5. Abercrombie Strips CEO Jeffries Of Chairman Job

    Abercrombie & Fitch Co. on Tuesday stripped chairman and CEO Mike Jeffries of his chairman title as it announced what it called "significant changes" in response to ...

  6. Why we dumped our position in Avon

    The Covestor Ironwood SMID Cap Value portfolio had a good December, rising about 2%. In December, the strategy had strong gains in our financial and healthcare stock...

  7. 011314_arod_1232


  8. Stock losers of 2013

    FBN’s Charles Payne on the losers of 2013.

  9. Could Herbalife soar?

    FBN’s Charlie Gasparino on Bill Ackman’s most recent letter on Herbalife.

  10. 121813_brothel_818


  11. What is the best tech company to work for?

    Fox Biz Flash: Wednesday 12/11

  12. Ubiquiti Networks hit new highs

    FBN’s Nicole Petallides with the latest on the market.

  1. Is your state among the most dependent on the Feds?

    Report from Wallet Hub ranks states that are least and most dependent on the federal government

  2. What is a pyramid scheme?

    NYU Stern School of Business Professor Lawrence White and antitrust attorney David Balto explain what pyramid and Ponzi schemes are.

  3. Bob Greifeld nearing decision on Nasdaq succession plan

    FBN’s Charlie Gasparino on Bob Greifeld’s future at the Nasdaq and the battle over Alibaba’s IPO listing.

  4. Avon 4Q Sales Fall as More Sales Reps Drop Out

    Avon Products (NYSE:AVP) lost more active representatives in the fourth quarter and recorded sharp sales declines in the U.S. and several of its emerging markets on ...

  5. Avon 4Q earnings

    Earnings HQ: FBN’s Diane Macedo breaks down Avon ’s fourth-quarter earnings report.

  6. U.S. Stock Futures Point to a Lower Open

    U.S. stock futures pointed to a lower start on Wall Street on Thursday as investors waited for retail-sales data, expected to show that cold weather kept shoppers at...

  7. Avon Narrows Fourth-quarter Loss, Beats Views

    Beauty-product company Avon Products Inc. on Thursday said it narrowed its loss for the fourth quarter to $69.1 million, or 16 cents a share, compared with a loss of...

‹ Prev12345Next ›
Freebase CC-BY
Source: Avon Products on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL