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News Breaks | | | | January 28, 2013 | | 13:34 EDT |  | HLF, NUS | FTC alleges Fortune Hi-Tech operated an illegal pyramid scheme
The Federal Trade Commission and the states of Illinois, Kentucky, and North Carolina alleged to a federal court that Fortune Hi-Tech Marketing operated an illegal pyramid scheme. The complaint alleged that FHTM's compensation plan ensured that, at any given time, most participants would spend more money than they would earn. Shares of Herbalife (HLF) and Nu Skin (NUS), two publicly traded multi-level marketing companies, remain in negative territory, as they have been for much of today's session. Shares of Nu Skin are near their lows, down over 5.4% to $42.64, while Herbalife is lower by nearly 8% at $40.12. Reference Link | |
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News For HLF;NUS From The Last 14 Days Check below for free stories on HLF;NUS the last two weeks. |
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| May 22, 2013 | | 06:31 EDT |  | HLF | Icahn up $228M, Ackman down $10M on Herbalife, NY Post reports
Carl Icahn's long position in Herbalife (HLF) is up $228M while Bill Ackman's short position in the company is down $10M, New York Post reports. Reference Link | | | May 21, 2013 | | 12:16 EDT | | HLF | Herbalife resumes, up 3.5% to $50.95 after naming PwC as auditor
 Subscribe for More Information | | | 12:13 EDT | | HLF | Herbalife selects PricewaterhouseCoopers as auditor, PwC to re-audit prior years
Herbalife announced that the Audit Committee of its Board of Directors has engaged PricewaterhouseCoopers as the company's independent auditors. PwC will commence work immediately to re-audit the company's consolidated financial statements for the fiscal years ended December 31, 2010, 2011 and 2012 and PwC will also review the company’s condensed consolidated financial statements for the first quarter of 2013. “We are very pleased to have engaged PwC to serve as the Company’s independent auditor. They will begin work immediately to re-audit the Company’s December 31, 2010, 2011 and 2012 consolidated financial statements. Investors should rest assured that the Company will be working to assist PwC in any way necessary to facilitate their work,” said the chairman of Herbalife’s audit committee Leroy Barnes. | | | 12:07 EDT | | HLF | Herbalife engages PricewaterhouseCoopers as new audit firm
Subscribe for More Information | | | 11:56 EDT | | HLF | Herbalife trading halted, pending news
Subscribe for More Information | | | 10:06 EDT |  | HLF | Herbalife May weekly volatility spikes on sharp rally
Subscribe for More Information | | | May 20, 2013 | | 10:36 EDT | | HLF | Herbalife June volatility low as shares at four-month high
Herbalife May weekly call option implied volatility is at 60, June is at 44, August and November is at 43; compared to its 26-week average of 58 according to Track Data, suggesting decreasing outer month price movement. | | | May 15, 2013 | | 17:26 EDT | | HLF | Third Point gives quarterly update on stakes
NEW STAKES: Virgin Media (VMED), Tiffany (TIF), B/E Aerospace (BEAV), Anadarko (APC), and Thermo Fisher (TMO). INCREASED STAKES: International Paper (IP), Abbvie (ABBV), TransDigm (TDG), Constellation Brands (STZ), and Dollar General (DG). DECREASED STAKES: Delphi (DLPH), Murphy Oil (MUR), AIG (AIG), LyondellBasell (LYB), and Liberty Global (LBTYA). LIQUIDATED STAKES: Tesoro (TSO), Morgan Stanley (MS), Symantec (SYMC), Herbalife (HLF), and Illumina (ILMN). | | | 16:48 EDT | | HLF | Icahn gives quarterly update on stakes
Subscribe for More Information | | | 15:46 EDT | | NUS | Nu Skin volatility at low end of one-year range as shares at record high
Subscribe for More Information | | | | May 10, 2013 | | 12:56 EDT | | HLF | Carl Icahn says shares of Herbalife should be selling a lot higher
| | | 06:26 EDT | | HLF | Dan Loeb confirms out of Herbalife stake, NY Post reports
Subscribe for More Information | | | May 9, 2013 | | 14:40 EDT | | HLF | Dan Loeb has no position in Herbalife, CNBC reports
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