At a July 2011 dinner for Citigroup Inc. clients, a research analyst identified a stock to bet against. In his last research notes before that gathering, he upgraded the shares, advising investors to stick with them.
A “culture of increased transparency” is needed at the U.S. Health and Human Services Department, Secretary Sylvia Mathews Burwell said, after Obamacare enrollment data were padded with dental plan customers in what she has called an error.
Hertz Global Holdings Inc. named John Tague as its new chief executive officer, appointing the manager credited with boosting sales at United Airlines to restore investors’ confidence in the car-rental company plagued by an aging fleet and sloppy accounting.
Aviva Plc slid the most in a year and a half after saying it’s in talks to buy smaller British insurer Friends Life Group Ltd., reducing the value of its proposed offer to about 5.3 billion pounds ($8.4 billion).