Herbalife has been called an illegal pyramid scheme by Bill Ackman, the hedge fund manager who has battled activist investor Carl Icahn over the maker of nutritional and weight loss supplements.
JPMorgan Chase (JPM - Get Report) said one of its co-chief operating officers is leaving the company, marking the latest high-profile departure since the bank's massive trading loss last year. Frank Bisignano will become CEO of payment processor First Data on Monday. Matt Zames, who was co-chief operating officer with Bisignano, will become the sole operating chief of JPMorgan Chase, effective immediately. Bisignano is the ninth high-level JPMorgan executive to leave the bank in the last 18 months.
Eaton (ETN - Get Report), the diversified industrial manufacturer, is expected by Wall Street on Monday to post first-quarter earnings of 79 cents a share on revenue of $5.43 billion.
Analysts predict insurance company Loews (L) will report earnings of 84 cents a share. 4 Stocks Rising on Unusual Volume
Newmont Mining (NEM - Get Report) is expected to post a profit of 76 cents a share on first-quarter revenue of $2.25 billion.
Hertz (HTZ - Get Report), the rental car company, is expected by analysts to post first-quarter earnings of 17 cents a share on revenue of $2.39 billion. 5 Stocks Poised for Big Breakouts
-- Written by Joseph Woelfel
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