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Stock Market & Financial Investment News

News Breaks
February 3, 2014
12:18 EDTHLFFTC chair to meet with activists to hear concerns about Herbalife, NY Post says
The New York Post reported yesterday that Federal Trade Commission Chair Edith Ramirez will meet with minority and consumer activists to hear their pyramid concerns about Herbalife. More than a dozen activists from around the country will meet with Ramirez on February 5, according to Brent Wilkes, executive director of the League of United Latin American Citizens. Wilkes says "Our main message is that Herbalife is defrauding hundreds of thousands of people in the U.S. every year, and the FTC must act to protect our communities from further abuse." Reference Link
News For HLF From The Last 14 Days
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November 26, 2014
08:20 EDTHLFAckman says Herbalife short thesis reinforced by recent developments
"Recent developments at Herbalife reinforce our short thesis that HLF is an illegal pyramid that will collapse or otherwise be shut down by regulators," Bill Ackman stated in Pershing Square Holdings' quarterly letter to shareholders, which was released last night. "We continue to believe that the expiration of HLF’s $1.15B credit facility in 2016 is a potential catalyst for further stock price declines, as we are skeptical that the company will be able to access the credit markets in order to refinance or replace this facility," Ackman added. In the letter, Ackman also confirmed that the fund is currently doing due diligence on Actavis (ACT) to determine whether it should remain a long-term holder following the company's deal to acquire Allergan (AGN), noting that Pershing had recently met with the CEO of Actavis and were "impressed with him and his business plan for the combined company." Remarking on some of his other notable holdings, Ackman stated that Canadian Pacific’s (CP) transformation has been "nothing short of remarkable," that he believes the acquisition of Tim Hortons (THI) will create significant long-term value for Burger King (BKW) shareholders, and that early returns from Air Products' (APD) transformation are "promising."
November 25, 2014
18:18 EDTHLFOn The Fly: After Hours Movers
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17:05 EDTHLFHerbalife CEO Michael Johnson raises personal share holding in company
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17:02 EDTHLFHerbalife up 1.5% to $42.50 after report CEO exercises options
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16:59 EDTHLFHerbalife CEO exercises 750K stock options, CNBC's Scott Wapner says
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November 19, 2014
10:00 EDTHLFOn The Fly: Analyst Initiation Summary
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06:14 EDTHLFHerbalife initiated with a Buy at BTIG
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