A pair of prominent hedge fund managers have taken opposing positions on the nutritional-supplement company Herbalife. Bill Ackman of Pershing Square Capital Management says the multilevel-marketing company is a pyramid scheme and a bad investment. He's shorting the stock. Dan Loeb of hedge fund Third Point says Herbalife is a good investment. He's taken an 8.2 percent stake in the company and is betting that its shares will rise. Melissa Block talks with David Kestenbaum of the Planet Money team.
Millions of computer users who run the most recent versions of Oracle's Java software should disable it owing to security flaws, says the cybersecurity section of the Department of Homeland Security. The agency says, "Web browsers using the Java 7 plug-in are at high risk."
The Consumer Financial Protection Bureau released new rules for mortgages this week. But neither the banking industry, nor consumer groups are completely happy. Host Michel Martin gets a sense of the current state of mortgages and foreclosures with real estate columnist Ilyce Glink and Keli Goff, political correspondent for The Root.
Tredaptive was never approved in the U.S., but it has been sold in many countries around the world. A large, international study found the drug did not reduce the risk of heart disease and stroke, yet did trigger some serious side effects.
The new, high-tech planes have suffered a series of problems in recent days — from fuel leaks to a fire. Investigators are going to focus on the 787s' electrical systems and manufacturing processes, according to news reports. The planes won't be grounded. Boeing and the FAA say they're safe.
Last summer, New York Times columnist Paul Krugman criticized the economic austerity of Estonia. The president responded with some profanity-laced tweets. A composer and financial journalist teamed up to produce an opera based on the exchange.
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