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Stock Market & Financial Investment News

News Breaks
December 26, 2012
10:13 EDTMED, HLF, WTW, NTRIMedifast tumbles after acting CFO resigns
Shares of Medifast (MED), which distributes and sells health and diet products, are retreating after the company announced that its acting CFO Edward Powers had resigned, effective no later than January 4. Powers became acting CFO on November 13 and is also the company's principal accounting officer. Medifast competes with Herbalife (HLF), which has come under fire recently from billionaire fund manager Bill Ackman. According to Ackman, Herbalife is operating a pyramid scheme that will eventually collapse. Ackman is shorting Herbalife's stock. Other companies that compete with Medifast are Weight Watchers (WTW) and NutriSystem (NTRI). In early trading, Medifast slumped $3.47, or 11.82%, to $25.89, while Herbalife advanced $1.08, or 4.14%, to $27.14 after the Wall Street Journal reported earlier that it has hired a law firm to help it fight back against Ackman.
News For MED;HLF;WTW;NTRI From The Last 14 Days
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October 21, 2014
18:33 EDTHLFIcahn reiterates view that high-yield market is a bubble
Says the Fed has given the economy, or the patient, "too much medicine." Says market should not be shorted. Again, says Apple (AAPL) CEO Tim is a "great CEO." Says Apple pay has a great future. Says Ebay (EBAY) is like his past campaign at Motorola. Reiterates view that Ebay should explore Paypal sale right now. Says Dell is on his radar screen. Says Warren Buffet sometimes too easy on companies, should do more on corporate governance. Again, says has never sold a share of Herbalife (HLF). Says Western Europe has "major problems," and continues to be short the Euro. Says energy stocks "getting cheap." Carl Icahn is speaking on Bloomberg TV.
October 20, 2014
11:00 EDTHLFHerbalife volatility increases
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08:48 EDTHLFHerbalife initiated with a Buy at Pivotal Research
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05:54 EDTHLFStocks with implied volatility movement; HLD SD
Stocks with implied volatility movement; Herbalife (HLF) 109, SandRidge Energy (SD) 97 according to iVolatility.
October 14, 2014
13:28 EDTNTRIClinton Group says private equity firm could pay $23 per share for Nutrisystem
In a letter to Nutrisystem, Clinton Group said, "We stand by our suggestions to do a leveraged buyback or increase the dividend today, but recognize that such transactions may not be enough to cure the valuation discount in the equity markets. We believe therefore the Board should consider carefully whether Nutrisystem should remain a public company at all. We are aware of private equity firms that are interested in discussing a buyout in which the current management team would remain in place but the company would be privately held. Given the Nutrisystem's superior brand and cash flow prospects for the business, we believe such a going-private transaction could garner a substantial premium for the public market investors while affording the private equity buyer of Nutrisystem attractive returns. We have modeled that a private equity firm could pay $23 per share for Nutrisystem (a 50% premium to today's prevailing prices) and still reasonably expect to earn an IRR above 20%. In the meantime, we urge the company to use its cash to buy back its own stock at these attractive prices. Obviously, the more stock that you buy at these prices, the more a private equity buyer can pay in a going-private transaction for the remainder of the outstanding stock."
13:21 EDTNTRIClinton Group urges Nutrisystem to sell itself
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October 13, 2014
09:01 EDTHLFHerbalife moving distributor websites to central control, NY Post reports
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October 10, 2014
12:11 EDTHLFOptions with increasing implied volatility
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10:55 EDTHLFHerbalife volatility increases
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October 9, 2014
14:32 EDTHLFIcahn says never discussed Netflix with Tim Cook
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11:00 EDTWTWOptions with increasing implied volatility
Options with increasing implied volatility: ARWR PBR EXXI PWE GST GLNG WTW AFSI ETE VALE
October 8, 2014
11:10 EDTWTWOptions with increasing implied volatility
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October 7, 2014
14:39 EDTHLFFTC probe of Herbalife seen lasting 'well into' next year, NY Post reporter says
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14:19 EDTHLFHerbalife expects discipline, but not shutdown, following FTC probe, FBN says
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13:59 EDTHLFHerbalife expects some discipline, not shutdown, from FTC, Gasparino says
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06:13 EDTHLFHerbalife names ex-FTC commissioner to lead compliance group
Herbalife yesterday announced the appointment of Pamela Jones Harbour to the newly created role of SVP, global member compliance and privacy, reporting to Mark Friedman, EVP and general counsel. Harbour will develop and enhance policies and infrastructure that ensure effective education, training and mentoring programs for the nearly 4 million independent Herbalife members worldwide, underpinned by robust and consistent monitoring and enforcement procedures. In addition to her compliance responsibilities, Harbour will also coordinate the companyís global privacy and cyber security efforts. Harbour served as a Commissioner at the Federal Trade Commission from 2003-2010 and a prosecutor at the New York State Attorney Generalís office for 12 years.

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