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Herbalife CEO: Seeing Strong Momentum Despite Accusations

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  • Description

    FBN's Adam Shapiro breaks down afternoon market news.

  • Duration 0:59
  • Date

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Shapiro would -- Fox Business brief strong fourth quarter earnings -- a rosy profit outlook.

Are not enough to help Herbalife saw today the company says it could spend as much as twenty million dollars.

To dispute allegations from hedge fund manager William Mac -- That it's operating as a fraudulent pyramid scheme -- CEO Michael Johnson says he sees strong business momentum despite the alleged unfair accusations.

Less than a year after opening Atlantic City casino and resort rebel plans to file for prepackaged bankruptcy.

Next month in an effort to slash about one billion dollars in debt.

Rebel has already had to line up two rounds of financing since August to keep operating.

And Macy's JC Penney battle over partnerships that Martha Stewart starts today in -- New York City courtroom AC CEO Terry Lundgren and JC Penney CEO Ron Johnson.

Are expected to testify that's the latest from Fox Business giving you the power to prosper.

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