Ding dong! Fake Avon takeover calling!

Avon shares popped on a report of a buyout bid from a private equity firm. Problem? The offer turned out to be a hoax. But it just shows that the struggling Avon's only hope is to get acquired.

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CNNMoney assistant managing editor Paul LaMonica highlights the latest news from Wall Street and what's moving the markets in his daily investing commentary.
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