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Stock Market & Financial Investment News

News Breaks
January 23, 2013
13:10 EDTAAPL, GMCR, HLFHerbalife down as renewed speculation of Einhorn short circulates
Shares of personal care and nutritional supplement maker Herbalife (HLF) are lower in afternoon trading amid renewed speculation that hedge fund manager David Einhorn has joined Bill Ackman in taking a short position in the stock. Ackman's short thesis on the multi-level marketing company is well documented and market participants have speculated that Einhorn has a short position as well ever since the head of Greenlight Capital questioned Herbalife management on a conference call. In his quarterly letter to investors in Greenlight, Einhorn jokingly attributed the funds lackluster quarterly performance to the facts that, "Our coffee was too hot, our apple was bruised, and our iron supplements didn't do down smoothly." Einhorn went on to explain in the same paragraph that the "coffee" reference applies to a previously disclosed short position in Green Mountain (GMCR) that was unprofitable during the quarter. At quarter end, Greenlight's largest disclosed long positions included Apple (AAPL), but the tech giant's shares fell during the quarter. Later in the letter, Einhorn discloses a new bearish thesis on iron ore, noting that the fund has shorted a number of stocks in the iron ore sector but not disclosing specific names. Greenlight states that in the fourth quarter the price of iron ore and related mining stocks rallied, but added that the fund is willing to be patient in its iron short position "given the considerable downside" potential. Some market participants have speculated Einhorn's reference to "iron supplements" in the opening paragraphs of the communication was a veiled reference to Herbalife, but the company was not mentioned by name in the letter. In early afternoon trading, Herbalife shares are down about 1.6% to $43.44.
News For HLF;GMCR;AAPL From The Last 14 Days
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March 13, 2015
08:05 EDTHLFAckman says received no subpoenas over Herbalife
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07:20 EDTHLFAckman says 'puzzled' by Herbalife manipulation story, CNBC reports
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07:00 EDTAAPLNew MacBook to support third-party battery packs, chargers, 9to5Mac says
Apple's forthcoming MacBook will reportedly support "most" USB-C accessories, including external battery packs, third party chargers, external video adapters, and even allowing other Macs to charge the MacBook, reports 9to5Mac, citing sources close to the situation. Sources say Apple will not be blocking or limiting any accessories, opening up the market for third party accessories. Reference Link
06:23 EDTAAPLApple CEO says 11,000 people have signed up to study using ResearchKit
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06:07 EDTAAPLMillenials not completely sold on the Apple Watch, Re/code says
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05:54 EDTAAPLReport: MacBook unlikely to exceed 450K in 1H15 sales, DigiTimes says
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05:54 EDTAAPLIDC: Worldwide tablet long term growth in low single digits, Digitimes says
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05:54 EDTAAPLIDC: PC shipments to drop 4.9% in 2015 before improving slightly, DigiTimes says
Worldwide PC shipments is expected to drop 4.9% in 2015, compared to a previous forecast of 3.3%, reports DigiTimes, according to the IDC Worldwide Quarterly PC Tracker. Total 2015 volume is projected at 293.1M PCs, slipping further to 291.4M in 2019. The report also said growth projects for 2016 and 2017 improved slightly. Reference Link
March 12, 2015
19:25 EDTHLFOn The Fly: After Hours Movers
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18:58 EDTHLFHerbalife responds to reports of stock manipulation investigation
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18:04 EDTHLFHerbalife up 6% after WSJ reports Feds eyeing potential stock manipulation
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18:02 EDTHLFFeds investigating potential Herbalife stock manipulation, WSJ reports
Federal prosecutors and the FBI are investigating the potential manipulation of Herbalife stock, and have interviewed people hired by William Ackman, founder and CEO of Pershing Square, a firm that has been a huge short seller of Herbalife, according to the Wall Street Journal, citing people familiar with the matter. Neither Ackman nor Pershing Square have been subpoenaed or interviewed by the FBI in connection with the investigation, one source added. Reference Link
16:01 EDTAAPLOptions Update; March 12, 2015
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10:33 EDTAAPLApple store outage may have cost company $25M in sales, Mac Observer reports
The outage at Apple's iTunes Store and App Store on Wednesday may cost the company $25M in lost sales, reports the Mac Observer. Based on the $18.5B Apple brought in from those services last year, that breaks down to about $50M a day. At half a day, that's $25M. Reference Link
10:06 EDTAAPLQualcomm could lose 'important part' of Apple business, The Information says
Qualcomm (QCOM) could lose "an important part" of its business at Apple (AAPL) to new component makers and Intel (INTC), said The Information's Amir Efrati. Reference Link
09:35 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL C PBR POT MRVL AMAT MSFT TSLA X TWTR
08:32 EDTAAPLJPMorgan says report of Intel iPhone win makes sense
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07:54 EDTAAPLApple Watch may have little wearable competition, says UBS
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06:10 EDTAAPLApple removes competing fitness wearables from its retail stores, Re/code says
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05:58 EDTAAPLMacBook USB Type-C adoption may expand penetration, DigiTimes reports
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