Oprah Winfrey: I’m Not Taking a Stake in Avon Products

CNNMoney: Avon’s stock surged as much as 17% Wednesday after rumors started circulating about the possibility of Oprah Winfrey taking a stake in the struggling cosmetics maker. But a spokesperson for Oprah Winfrey said in an e-mail that “this information is not true.” Avon would not comment on the chatter. The stock was still up about 7% in late afternoon trading.