Word: avon
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...margins have drawn complaints of price gouging--and a host of new competitors ranging from big U.S. banks (Bank of America, Citigroup, U.S. Bancorp, Wells Fargo) to credit unions to foreign niche players like Remit2India.com and FXRemit.com which caters to Filipinos. Western Union president Christina Gold, 55, a former Avon executive, is responding by giving her firm a makeover. Long billed as the "Fastest Way to Send Money," Western Union has just launched a $300 million global ad campaign using a new slogan, "Uniting People with Possibilities." The company is clearly trying to soften its image. But its executives...
...ends meet? I think those earning that much shouldn't complain; they should just stop spending a lot on unnecessary items. There are thousands of us in America who could live very comfortably on such an income. Try living on $24,000 a year with no raise! KATHLEEN TEWKSBURY Avon...
...Enforcement officials at the Securities and Exchange Commission (sec) have recommended that the agency file suit against Becker, 36, and Zimmerman, 32, alleging that the couple illegally traded on insider information about the stocks of Avon Products, Drugstore.com and eBay. The story was first reported on financial-news channel CNBC and was confirmed by sources close to the investigation...
...During the period in question, Zimmerman was employed at Omega Advisors, a hedge fund based in New York City, while Becker worked at Jennison Associates and then at Salomon Smith Barney. In the case of Drugstore.com, Zimmerman allegedly bought the stock just before Becker issued a positive report. With Avon and eBay, Zimmerman sold shares short-a bet that their prices would fall-just ahead of the release of negative reports. The Avon tip allegedly came not from Becker's research but from that of a former colleague at Salomon, who had asked Becker for advice before issuing a negative...
Prof. C. L. Bouton, 4-5, 9 Avon...