Hain CEO joins Herbalife feud
Long Island executive Irwin Simon, CEO of Melville-based organic product maker Hain Celestial, is siding with billionaire investor Carl Icahn on the future of nutritional supplement company Herbalife. Debate over the stability of Herbalife as a company has filled business news headlines for the past month, fueled by the public feud between high-profile investors William Ackman and Icahn -- who have taken opposite positions on Herbalife's stock. Ackman has a short position worth over $1 billion on Herbalife stock, asserting the company is a pyramid scheme and that share prices will go down to zero. Icahn revealed a 13 percent stake in the company last week and has called Ackman's claims misguided. In an appearance on the CNBC program "CEO Summit" yesterday, Simon said he agreed with Icahn's side of the debate: "Eating healthy is not a fad, not a trend; it's gonna be a bigger part of life," he said. "I think there's big opportunities for Herbalife." -- Lisa Du
New faces at council meeting
A laboratory director and college president have been appointed to the Long Island Regional Economic Development Council. Doon Gibbs, interim director of Brookhaven National Laboratory and W. Hubert Keen, president of Farmingdale State College, participated in council deliberations for the first time Tuesday afternoon. Gibbs, a physicist who came to Brookhaven in 1983, has led the lab since January. Keen, who was tapped as Farmingdale State's president six years ago, is no stranger to the 25-member council. He has helped to lead its workforce and education working group for the past two years. The two succeed the Rev. Calvin Butts III, president of SUNY Old Westbury, and Samuel Aronson, former head of the Brookhaven lab. The council is one of 10 established by Gov. Andrew M. Cuomo to develop five-year strategies for job creation and help to identify projects worthy of state aid. -- James T. Madore
Times Co. to sell Globe, assets
The New York Times Co. says it's selling The Boston Globe and its related assets, in order to focus on its namesake newspaper. The Times said it had hired Evercore Partners to advise it and manage the sales process. Mark Thompson, the Times' CEO, said in a statement that given the differences between the Globe and the Times, a sale is in the best long-term interests of both properties. Along with the Globe, the Times is selling the Worcester Telegram & Gazette and a 49 percent interest in Metro Boston, a free daily paper for commuters.
Yahoo unveils new home page
Yahoo yesterday debuted its new home page, redesigned in an effort to get people to visit more frequently and stay longer. The makeover is the most notable change to Yahoo.com since the Internet company hired Marissa Mayer as its CEO seven months ago. Revenue has dropped by about 30 percent from $7.2 billion in 2008 to $5 billion last year, as more online advertising flowed to rivals such as Google and Facebook. Mayer, 37, who spent 13 years helping build Google into the Internet's most powerful company, has vowed to revive revenue growth by establishing Yahoo's services as daily habits that "delight and inspire" users.
Win 'Google Glass,' pay $1,500
Google is running a weeklong contest whose winners get the chance to pay $1,500 for a pair of the Internet-connected glasses the company is touting as the next breakthrough in mobile computing. Participants must submit up to 50 words explaining what they would do with the "Google Glass" technology. Google did not say how many it will sell. Winners will receive the Explorer version of the glasses, a forerunner of the product that is expected to be released to the mass market next year. -- AP