Herbalife Ltd. (HLF), the vitamin maker accused by hedge fund manager Bill Ackman of being a pyramid scheme, said it will offer $1 billion in convertible senior notes and use some of the money to repurchase common shares. The initial buyers of the notes, due in 2019, will be Bank […]
Tag: Credit Suisse Group
UPDATE 2-Credit Suisse to pay $400 mln to end U.S. bond lawsuits
* Arizona, AllianceBernstein, Lloyds, MetLife, Pimco settle * Credit Suisse reduces Q4 profit by 134 mln Swiss francs * Jury selection was to begin March 28 By Katharina Bart and Nate Raymond Credit Suisse Group AG has agreed to pay at least $400 million to settle lawsuits by investors over […]
Credit Suisse urges investors to jump into stocks
A month after turning cautious on global stock investing, the investment committee of Credit Suisse Group’s (CSGN.VX) U.S. private bank has reversed course. “Plentiful liquidity, attractive valuations and low inflation make equities among our best options in an asset allocation context,” a team led by Barbara Reinhard, the unit’s chief […]
