Business

In a webcast presentation held by Bill Ackman's Pershing Square Capital Management LP yesterday, the activist investor said its probe on Herbalife Ltd showed that the nutrition company violated direct-selling laws in China.

Apple Inc recently informed the US District Court in San Jose, California that it has requested the US Court of Appeals for the Federal Circuit in Washington to review US District Judge Lucy Koh's rejection of the iPhone maker's sales injunction of Samsung smartphones, Bloomberg said.

The Port Authority of New York and New Jersey has been reportedly subpoenaed by New York federal prosecutors to obtain documents about his and his law firm's connection with the Fort Lee bridge lane closures.