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Stock Market & Financial Investment News

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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
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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.
August 18, 2014
09:54 EDTNUSNu Skin mentioned cautiously by Bronte Capital
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