Stock Market & Financial Investment News

News Breaks December 19, 2012 18:15 EDT HLF Herbalife issues statement regarding Ackman allegations "Herbalife Chairman and CEO Michael Johnson responded to questions regarding hedge fund manager William Ackman's claims about Herbalife by saying, 'The allegation that Herbalife is a pyramid scheme is bogus. Make no mistake: Today's announcement isn't about Herbalife's business model. It's about Bill Ackman's business model.' Here's what we know: an extraordinary number of puts on our stock are due to expire this Friday. We previously learned this activity was pegged to some kind of 'significant event'; Mr. Ackman suddenly announced today that he will make a presentation on Herbalife on Thursday, the day before the puts expire; Our CFO this morning asked Mr. Ackman to allow us to participate in his presentation. Mr. Ackman declined; We have been informed that Mr. Ackman has shorted our stock for the past 7 to 9 months; Our stock dropped almost 15 percent today following Mr. Ackman's announcement. We urge the SEC to investigate these series of events to protect the rights of investors. This appears to be yet another attempt to illegally manipulate the market by overzealous short-sellers. We've been in business for 32 years. We have millions of customers worldwide. We don't pay to recruit distributors. And just today, we announced a $100M Herbalife manufacturing facility in North Carolina that will employ 500 people. We have one of the greatest health nutrition product lines in the world and a direct-selling business opportunity for part-time or full-time income. We are incredibly proud of this company." News For HLF From The Last 14 Days Check below for free stories on HLF the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. 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 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 Sign up for a free trial to see the rest of the stories you've been missing.