Avon Products Inc. chief executive officer Sheri McCoy may soon be able to put one headache behind her, but she quickly gained another on Thursday as the firm’s share price dropped more than 10 percent on the New York Stock Exchange.
Wall Street seemed unimpressed by Avon’s progress on getting closer to reaching a settlement with government officials tied to its six-year foreign bribery probe, and focused instead on the company’s weaker-than-expected earnings results that included a 12 percent drop in beauty sales. Shares closed at $13.72, or down 10.2 percent, and at one point were down by more than 13 percent, hitting a 52-week low of $13.22.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)