Herbalife agreed to pay a fine of $200 million and to restructure their business operations. According to the Federal Trade Commission Chairwoman Edith Remirez, the fine will be used to compensate the distributors who have suffered losses. The company will also pay their workers according to retail sales rather than on how many new sales people they recruit. In exchange Herbalife was able to avoid being labeled as a pyramid scheme. As a result of the ruling Herbalife’s stock shot up by over 14 percent.
Ambassador to Turkey Nicholas Burns describes the attempted coup in Turkey. He explains that there has been a high level of distrust between that country’s military establishment and President Recep Tayyip Erdo?an. The military has a strong component who are secular Muslims, who are opposed to Erdo?an’s support of fundamentalist Islamists.
For more insights into the causes of the attempted coup, listen and watch.
Janet Yellin Discusses the Effect of the Possible Brexit on US and Global Economies
Federal Reserve Chairwoman Janet Yellin explores the concerns to the global and domestic economy of the exit of Britain from the European Union, known as Brexit.
Listen to a discussion on the new FAA regulations to control the flight of commercial drones in the United States. New rules clarify how to fly drones safely.
Learn about the Takata Airbag recall, which is larger than the five next biggest auto recalls combined. Effecting mostly the southern states of the USA, the airbag malfunction has caused ten deaths and 150 injuries. It is estimated that about 20 percent of cars on the road today are effected.
This video is a Bloomberg analysis of the data that seems to show that the high technology boom of the past several years. The main argument is that fewer and fewer high tech IPOs have come to market recently, heralding the end of the high tech boom of recent years.
Yes fat, no fat; less sugar, no sugar; red meat, chicken, vegies, fruit. Navigating between the latest information, government recommendations, and simple common sense has become a minefield of choices. This video discusses why what to eat has become such a dilemma, and offers a possible solution.
Conservative political pundit ‘Hannity’ interviews the presumptive Republican nominee for president, getting his views on a variety of issues. Listen to the full interview below.
Take a humorous look at the types of meals served to children at the most popular fast food chains in the US. Kids meals usually come with a sandwich, drink, some kind of toy, and sometimes a fruit or some other side dish. Check out this video and find out which fast-food kids meal appeals to Business Insider’s Joe Avella the most.
The Adonia was the first US cruise ship to sail and dock in Cuba since 1959. This event is just one more of many historic breakthroughs of the improvement of trade and other relations between the United States and Cuba since the Cold War. Watch the event here.