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Stock Market & Financial Investment News

News Breaks
March 5, 2014
07:53 EDTHLFSEC tells senator Herbalife concerns given 'every consideration'
In a letter sent in response to concerns raised by Senator Edward Markey that Herbalife may be a pyramid scheme, the SEC said its investigations are confidential and the Commission "generally neither confirms nor denies the existence of an inquiry or investigation unless and until made a matter of public record in proceedings instituted before the Commission or in court." However, SEC Chair Mary Jo White told Markey that "I can assure you that we are giving your concerns every consideration." Reference Link
News For HLF From The Last 14 Days
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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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August 8, 2014
16:46 EDTHLFCapital Research reports 10.1% passive stake in Herbalife
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