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Christopher & Banks may face proxy fight with activist investor

2015-04-01 22:05:01| Apparel - Topix.net

Christopher & Banks Corp.'s third-largest shareholder, Macellum Advisors of New York, says it's been rebuffed when offering advice to the women's clothing retailer's board of directors. But Duskin said former CEO Joel Waller is the person who put that plan into motion, and his replacement , LuAnn Via , hasn't done a good job implementing it.

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VIDEO: Ultra-thin models could face jail

2015-03-31 14:46:12| BBC News | Business | UK Edition

Models with a BMI of less than 18 could be fined or sent to prison, under legislation being considered by France.

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General Mills looks to put a fresh face on its Green Giant brand

2015-03-29 04:34:30| Food - Topix.net

Rumored to be on the block, Green Giant looks to get in on the nation's rekindled romance with vegetables Frozen and canned vegetable sales are falling. Green Giant's strong suit - frozen veggies packed in sauce - has been particularly hard hit.

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General Mills looks to put a fresh face on its Green Giant brand

2015-03-28 22:56:19| Agriculture - Topix.net

Rumored to be on the block, Green Giant looks to get in on the nation's rekindled romance with vegetables Frozen and canned vegetable sales are falling. Green Giant's strong suit - frozen veggies packed in sauce - has been particularly hard hit.

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Farmville maker Zynga to face lawsuit over 2011 IPO

2015-03-27 09:11:00| Telecompaper Headlines

(Telecompaper) Social game developer Zynga, best known for its 'Farmville' game, is to face a lawsuit alleging fraud by its management regarding its prospects before and after a December 2011 initial public offering, reports Reuters. US District Judge Jeffrey White ruled in San Francisco that shareholders could pursue claims that Zynga hid declining user activity, failed to inform them how changes to Facebook would affect demand and overstated its 2012 revenue forecast. Zynga's share value plummeted in the summer of 2012 after the company reported disappointing earnings and cut its outlook. The shareholders also alleged that Zynga deliberately concealed its weaknesses so that insiders could sell USD 593 million of stock before a post-IPO lockup was to expire, thus avoiding a near 75 percent drop in its share price over the subsequent four months.

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