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Stock Market & Financial Investment News

News Breaks
March 18, 2014
17:59 EDTNUS, HLFNu Skin shares trade lower after China regulator inquiries
Shares of Nu Skin (NUS), which develops and distributes personal care products and nutritional supplements, are trading lower in after-hours trading after saying that it has received inquiries form regulators in Mainland China asking the company to respond to a number of allegations relating to its business practices. WHAT'S NEW: In a 10-K filing, the company stated: "The adverse publicity and suspension of business promotional meetings and acceptance of applications has had a significant negative impact on the number of Sales Leaders and Actives, and our revenue in the short term will be negatively impacted by these voluntary actions. Any inability to resume normal business operations in the near term could have a more significant impact on our business." Nu Skin added that it is likely that it will be fined and could potentially face some other form of sanctions from these regulators. PRICE ACTION: Shares of Nu Skin are trading down almost 5% to $72.98. OTHERS TO WATCH: Shares of Herbalife (HLF), another direct-selling company, are down 0.83% in after-hours trading. Note that hedge fund manager William Ackman of Pershing Square has recently said Herbalife is breaking direct-selling laws in China.
News For NUS;HLF From The Last 14 Days
Check below for free stories on NUS;HLF the last two weeks.
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September 15, 2014
12:14 EDTHLFHerbalife expands partnership with American Youth Soccer Organization
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September 14, 2014
16:17 EDTHLFHerbalife near settlement with former distributors, NY Post says
Herbalife is close to reaching a settlement with five former distributors that allege the nutrition company is a pyramid scheme and has victimized thousands, says the NY Post. Reference Link
September 5, 2014
09:10 EDTHLFHerbalife distributor claims fired for web sales, Seeking Alpha contributor says
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September 2, 2014
11:43 EDTHLF, NUSChina announces 'major' busts as result of pyramid probe, Shanghai Daily reports
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11:17 EDTNUSOptions with increasing implied volatility
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