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Stock Market & Financial Investment News

News Breaks
January 8, 2013
13:46 EDTHLFChapman says 'big news' regarding Herbalife coming, Gasparino says
Robert Chapman of Chapman Capital, the activist investor who owns Herbalife, promises "big news" regarding Herbalife sometime today or early tomorrow, Charlie Gasparino of Fox Business tweeted. Gasparino questioned if the news could be a lawsuit against Pershing Square's Bill Ackman, who detailed a short position in Herbalife via a lengthy presentation. Shares of Herbalife are ticking higher following Gasparino's tweet. Reference Link
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August 22, 2014
14:28 EDTHLFHerbalife off earlier lows, levels to watch
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13:45 EDTHLFAckman likely pressed bearish options bet on Herbalife, CNBC reports
Bill Ackman of Pershing Square likely pressed his bearish options bet on Herbalife, based on options trading activity, CNBC's Scott Wapner reports.
August 13, 2014
14:04 EDTHLFAckman will continue Herbalife short position as needed, Bloomberg reports
Bill Ackman's hedge-fund Pershing Square said most of the Herbalife contracts it holds will expire next year and that it will extend their terms by "paying additional premiums if it is necessary to do so," according to Bloomberg, citing Ackman's quarterly letter to investors. In the letter, Ackman said that the cost of holding a short position in options of Herbalife has dropped "substantially" after the company canceled its dividend, the report noted. Reference Link
11:21 EDTHLFAckman says Herbalife may be unable to refinance 2016 credit, Bloomberg reports
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