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Stock Market & Financial Investment News

News Breaks
April 24, 2014
06:34 EDTHLFHerbalife says ABC report raises questions Ackman should answer
Herbalife issued a statement regarding a recent report from ABC News. The company said, "ABC News has revealed new information regarding Bill Ackman’s, Founder and CEO of Pershing Square Capital, unprecedented $1 billion campaign to manipulate Herbalife’s stock to the detriment of Herbalife’s shareholders, customers and employees. Mr. Ackman’s campaign, part of which was uncovered by ABC News, is losing its credibility with each passing day. The previously unreported information includes confirmation that Mr. Ackman has spent more than $20 million to date on his campaign...The ABC News story raises a number of important questions that Mr. Ackman should answer fully and honestly: How has Mr. Ackman spent the $20 million? Who else has Mr. Ackman or his team of agents and consultants made payments to, directly or indirectly, or made future contingency payment offers to? Did Mr. Ackman disclose his financial inducement with these individuals when lobbying state and federal regulators and lawmakers?...Additionally, as noted in the ABC News report, Herbalife is explicit with its members that “products are not intended to diagnose, treat, prevent or cure any disease or medical condition, and under no circumstances should there be any statements, advertising or implications to the contrary...Enforcement of the rules of conduct is a top priority at Herbalife, and we investigate and take all claims seriously. The Company has a compliance team of more than 300 people worldwide that monitors members’ activity and enforce Herbalife's rules."
News For HLF From The Last 14 Days
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August 28, 2014
12:47 EDTHLFHerbalife volatility flat as shares at low end of 13-month range
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August 27, 2014
11:09 EDTHLFHerbalife at highs following Icahn tweet
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August 25, 2014
11:44 EDTHLFStocks with call strike movement; PVA HLF
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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.

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