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Stock Market & Financial Investment News

News Breaks
July 17, 2014
13:46 EDTHLFHerbalife says 'stands behind quality' of products
Herbalife issued the following statement regarding the strength and integrity of its business: "Herbalife has the utmost trust in the integrity of our business model and that we are in compliance with all applicable laws and regulations. We are cooperating fully with the FTC and welcome the opportunity to clear up misinformation in the marketplace. Herbalife stands behind the quality of our products and our commitment to member satisfaction and consumer protection. Herbalife continues to face an unprecedented and unrelenting attack from Pershing Square to support its $1B bet to manipulate and drive Herbalife's stock price to zero to the detriment of our investors, members, customers and employees. Herbalife is confident that the facts are on its side and that it will overcome Pershing Square's campaign of misinformation about the Company as the truth about Pershing Square's increasingly desperate accusations is revealed. Attacks on Herbalife have been clearly orchestrated by Pershing Square and its agents. Pershing Square's attack on the Company lacks any impartiality or accountability. Pershing Square has no duty to any member of the public and is unhindered by the disclosure obligations imposed upon publicly traded corporations. With Pershing Square's limited accountability, in light of the historical regulatory scrutiny placed on Herbalife, it has made the astonishing claim that it is a "provable certainty" Herbalife is a massive, sprawling fraud that had gone undetected for more than 30 years. Pershing Square is claiming that decades of Herbalife management, and a material number of members had all kept this secret.Pershing Square has admittedly spent more than $20B and 18 months trying to find former Herbalife members from as far back as 2008 that will complain about their experience with the Company. In fact, Pershing Square has even been willing to pay multi-million dollar bounties to anyone willing to generate negative publicity against Herbalife and support Pershing Square's agenda. The reason why Pershing Square has so few relative voices is because, as demonstrated through third party studies, the overwhelming majority of our members have been very satisfied, and we are proud of that track record. In fact, Pershing Square's own well-financed campaign to find dissatisfied customers has actually largely validated our consumer reputation. Ultimately, Pershing Square's campaign is based on propaganda."
News For HLF From The Last 14 Days
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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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August 8, 2014
16:46 EDTHLFCapital Research reports 10.1% passive stake in Herbalife
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