October 24, 2013 |
Dozens of people have called on the Federal Trade Commission to investigate multilevel marketing, a controversial industry that includes companies such as Herbalife Ltd., Amway, Avon and others. In a letter delivered to the FTC's Washington offices Thursday, the group, led by Massachusetts attorney Douglas M. Brooks, urged the agency to crack down on an industry it says preys on low-income and unemployed workers with false hopes of easy wealth. "The MLM industry has proved incapable of regulating itself, is rife with fraudulent and deceptive earnings claims and has caused -- and will continue to cause -- untold financial harm and misery to the poorest and most vulnerable of the consumers whom the commission was formed to protect," the group's letter said.
August 16, 2013 |
In the Glendale offices of her two cosmetics companies, New York financier Lynn Tilton makes a surprising claim: Not that long ago, she wasn't all that interested in makeup. It's unexpected not just because Tilton owns the Jane and Stila lines of primping products. She also makes the declaration while a professional makeup artist touches up her glossy pout and shimmery eyelids. Rounding out her look are towering stilettos, voluminously teased blond hair, French-tipped nails and a cleavage-baring shirt just sheer enough to show off a belly button jewel.
September 1, 2011
WASHINGTON Nine companies are recalling about 2 million bottles and jugs of the gel fuel used in outdoor patio decorations known as firepots because of the risk of serious burns. The Consumer Product Safety Commission says the gel fuel has been linked to several dozen cases in which people were burned when they couldn't tell whether the flame was out. Pouring more gel on a burning pot can lead to dangerous flares or burns. The companies are: Bird Brain Inc. of Ypsilanti, Mich.; Bond Manufacturing of Antioch, Calif.; Sunjel Company of Milwaukee; Fuel Barons Inc. of Lake Tahoe, Nev.; Lamplight Farms Inc. of Menomonee Falls, Wis.; Luminosities Inc. of St. Paul, Minn.; Pacific Decor Ltd. of Woodinville, Wash.; Real Flame of Racine, Wis.; Smart Solar USA of Oldsmar, Fla. The commission says Marshall Group of Elkhart, Ind., pulled out of the public announcement at the last minute.
August 13, 2012 |
ATLANTA — Many American companies that had adopted a much-vaunted employee evaluation system have lately been turning away from it. Known as "stacked ranking" or "forced ranking," the process made famous by General Electric Co. is really just a version of what teachers call grading on the curve: a few people at the top, a few at the bottom and the rest clumped in the middle. The practice leaped into the spotlight — at least for people who study how companies perform — when Vanity Fair published in its August issue a profile of technology icon Microsoft Corp.
March 20, 2013 |
NEW YORK -- The economy may be improving, but many U.S. companies are still hanging on to record amounts of cash, something they usually do in times of economic turmoil. U.S. companies held $1.45 trillion in cash in 2012, up 10% from the $1.32 trillion they held in 2011 -- which at that time was a record level, according to a new report from Moody's Investors Service. Apple is sitting on $137 billion in cash, a fact not lost on investors, who have sued in an effort to get Apple to give some of that cash to shareholders.
January 13, 2013 |
American companies are ready to write bigger checks for business travel this year. The Global Business Travel Assn. is expecting companies to spend $266.7 billion in 2013. That's a 4.6% increase over last year, when the “fiscal cliff” and Superstorm Sandy put a crimp in travel. Still, the group predicted that companies will trim back 1.1% on the number of trips. The rise in spending and the drop in trips means more travelers will stay longer, perhaps scheduling more meetings per outing, said Rebecca Carriero, a spokeswoman for the trade group representing business travel managers.