Pershing Square's Ackman takes short position in Herbalife, FT says Sources tell Financial Times that activist investor Bill Ackman will lay out his thesis behind a short position in Herbalife (HLF) at an event in New York on Thursday morning, confirming a similar report from CNBC's Kate Kelly. Reference Link
FTC, states charge four cancer charities as shams The Federal Trade Commission and 58 law enforcement partners from every state and the District of Columbia have charged four sham cancer charities and their operators with bilking more than $187M from consumers. Named in the federal court complaint are Cancer Fund of America, Cancer Support Services, Children’s Cancer Fund of America and The Breast Cancer Society. Shares of Herbalife (HLF) and Lumber Liquidators (LL) weakened intraday yesterday as speculation circulated about whether either of the companies would be the target of the FTC's announcement today.