Martinne's Feed
Mar 12, 2013

Many people curb spending in two-speed U.S. economy

March 12 (Reuters) – The Dow Jones industrial average is at
an all-time high, the U.S. jobless rate has fallen to a
four-year low and the housing market is seeing a recovery, but
for many lower income and middle class Americans, the improving
economy has yet to take hold.

Instead, they are anxious enough about higher gasoline
prices and a payroll tax increase to slash their spending.

Mar 8, 2013

Royal Caribbean cruise ship hit by virus; 108 sick

By Phil Wahba and Martinne Geller

(Reuters) – Royal Caribbean Cruises Ltd said on Friday that 108 people fell sick with a gastrointestinal illness believed to be a norovirus on its Vision of the Seas ship, which docked in Port Everglades, Florida, at the end of an 11-day trip.

The outbreak was the latest black eye for the cruise industry, trying to regain its sea legs after several high-profile mishaps.

Mar 8, 2013

Royal Caribbean cruise ship back in port with 108 sick

March 8 (Reuters) – Royal Caribbean Cruises Ltd said
on Friday that its Vision of the Seas ship arrived in Port
Everglades, Florida after 108 people fell sick with a
gastrointestinal illness believed to be caused by a norovirus.

Royal Caribbean shares were down 2.9 percent at $34.35 in
afternoon trading, while Carnival shares slipped 1.5 percent to
$35.69.

Mar 5, 2013

Monster Beverage says its energy drinks did not kill teen

By Martinne Geller

(Reuters) – Monster Beverage Corp, defending its Monster Energy drinks from mounting criticism about potential health risks, said on Monday its medical investigators found no evidence that the drinks caused the death of a 14-year-old girl.

The family of Maryland teenager Anais Fournier sued the company last year after she died of cardiac arrest that her parents blamed on “caffeine toxicity” after she drank two Monster Energy drinks in a 24-hour period.

Mar 4, 2013

Monster Beverage says its drinks did not kill teenager

By Martinne Geller

(Reuters) – Monster Beverage Corp, defending its Monster Energy drinks from mounting criticism about potential health risks, said on Monday its medical investigators found no evidence that the drinks caused the death of a 14-year-old girl.

The family of Maryland teenager Anais Fournier sued the company last year after she died of cardiac arrest her parents blamed on “caffeine toxicity” after she drank two Monster Energy drinks on consecutive days.

Feb 28, 2013

Herbalife gives Icahn board seats, right to boost stake

By Martinne Geller

(Reuters) – Herbalife Ltd (HLF.N: Quote, Profile, Research, Stock Buzz) said it plans to add two directors to its board picked by activist investor Carl Icahn, who has supported the nutritional products company in its fight against hedge fund manager William Ackman.

Under terms of the agreement announced on Thursday, Icahn also has the right to increase his stake in Herbalife to 25 percent from nearly 14 percent now.

Feb 28, 2013

Herbalife to add two Icahn representatives to its board

Feb 28 (Reuters) – Herbalife Ltd said it plans to
add two directors to its board picked by activist investor Carl
Icahn, who has supported the nutritional products company in its
fight against hedge fund manager William Ackman.

Under terms of the agreement announced on Thursday, Icahn
also has the right to increase his stake in Herbalife to 25
percent from nearly 14 percent now.

Feb 27, 2013

Exclusive: BCBG exploring sale, may fetch $1 billion – sources

NEW YORK (Reuters) – Fashion house BCBG Max Azria Group Inc, whose clothing has been worn by celebrities such as Beyonce and Angelina Jolie, is exploring a potential sale that could fetch around $1 billion, two people familiar with the matter said on Wednesday.

The company, which owns the BCBGeneration, Max Azria and Herve Leger lines, is being advised by Blackstone Group (BX.N: Quote, Profile, Research, Stock Buzz) on the sale process, said the people, who declined to be named because the talks are private.

Feb 27, 2013

BCBG exploring sale, may fetch $1 bln -sources

NEW YORK, Feb 27 (Reuters) – Fashion house BCBG Max Azria
Group Inc, whose clothing has been worn by celebrities such as
Beyonce and Angelina Jolie, is exploring a potential sale that
could fetch around $1 billion, two people familiar with the
matter said on Wednesday.

The company, which owns the BCBGeneration, Max Azria and
Herve Leger lines, is being advised by Blackstone Group
on the sale process, said the people, who declined to be named
because the talks are private.

Feb 27, 2013

Flowers Foods to win Hostess’ Wonder Bread -source

Feb 27 (Reuters) – Flowers Foods Inc is set to buy
Wonder Bread and some other brands owned by Hostess Brands Inc
for $360 million, a source familiar with the matter
said on Wednesday, giving the No. 2 U.S. baking company a bigger
slice of the fast-consolidating bread business.

Pending approval from a U.S. bankruptcy court judge, Wonder
Bread, along with Butternut, Home Pride, Merita and Nature’s
Pride, will go to Flowers after no other bidder stepped up to
make a competing offer, the source said.