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At the Value Investing Congress, Greenlight Capital's David Einhorn came out with a scathing short thesis on Green Mountain Coffee Roasters (NASDAQ: GMCR).

He essentially called the company an accounting fraud. Einhorn also said that the company does not deserve anywhere near the multiple it has been afforded.

Meredith Corp. (NYSE:MDP) the leading media and marketing company serving American women, reported fiscal 2011 second quarter earnings per share of $0.88, a record high for a second fiscal quarter. In the year-ago quarter, earnings per share were $0.42 ($0.49 before special items). Revenues rose 9 percent to $367 million.

League Now Holdings Corp (LNWZ.OB) reports that, in a reverse merger, Pure Motion, while a wholly owned subsidiary of League Now Holdings, takes control of League Now and changes management.

Pure Motion was incorporated in the State of Texas in June 2004.

Crown Equity Holdings Inc. (OTCBB:CRWE) reports that Crown Equity Holdings Inc. has launched Crown Equity Holdings' crwenewswire.fr website to provide news in France's native language. Crown Equity Holdings Inc. had previously launched Crown Equity Holdings' German website crwenewswire.de and is launching Crown Equity Holdings' Canadian website crwenewswire.cn shortly.

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