US Futures Pare Losses, but Trend Still Down
Herbalife Ltd
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Take a look at some of Tuesday's midday movers:
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May 21- Herbalife Ltd said on Tuesday it has engaged PricewaterhouseCoopers LLP as its auditor, replacing KPMG in the wake of alleged insider trading. Last month, KPMG resigned as auditor for Herbalife and Skechers USA Inc and parted ways with Scott London, a senior auditor. Herbalife shares were up $1.91, or 3.9 percent, at $51.12 on the New York Stock Exchange.
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NEW YORK-- A look at the 10 biggest percentage gainers on New York Stock Exchange at 1 p.m.:. Molycorp Inc. rose 10.9 percent to $7.23. Herbalife Ltd. rose 9.2 percent to $48.55.
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A group led by hedge-fund manager Bill Ackman is reportedly set to buy a Manhattan penthouse for more than $90 million.
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Big investors are reporting their quarterly holdings, offering a glimpse into what some of the big fish were buying and selling during the first quarter.
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May 14- Billionaire investor Daniel Loeb likely faces an uphill battle to convince Sony Corp to embrace his proposal to spin off its entertainment arm, but he likely already holds a winning hand in his bet on the Japanese electronics giant. Loeb and investors in his hedge fund Third Point Offshore are already reaping the benefits of a well-timed move into Japan.
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The jeweler who allegedly made more than $1 million thanks to stock tips from his buddy at KPMG appeared in court today, with CNBC's Jane Wells.
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Aggressive fiscal and monetary policy present huge investment opportunities in Japan, says hedge fund manager Dan Loeb.
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A roundup of some of the most compelling conversations and noteworthy moments broadcast on CNBC.
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May 7- Packaged foods maker Mondelez International Inc posted slightly better-than-expected quarterly results on Tuesday and raised its full-year earnings forecast due to a benefit from a tax item, but said it was keeping some of that benefit in reserve to guard against future market volatility.
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Billionaire investor Carl Icahn increased his stake in nutritional supplement marketer Herbalife to 16.5 percent from 15.9 percent.
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Check out which companies are making headlines after the bell Tuesday:
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As the market hits new highs, three companies have created "amazing short squeezes" by rallying against negative expectations, CNBC's Jim Cramer says.
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The jeweler who gave a former KPMG auditor cash, an expensive watch and concert tickets in exchange for inside information about public companies agreed on Monday to plead guilty.
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NEW YORK, May 6- The California jeweler who gave a former KPMG auditor cash, an expensive watch and concert tickets in exchange for inside information about public companies agreed on Monday to plead guilty to one count of conspiracy to commit securities fraud, according to court papers.
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NEW YORK, May 6- The California jeweler who gave a former KPMG auditor cash, an expensive watch and concert tickets in exchange for inside information about public companies pleaded guilty on Monday to one count of conspiracy to commit securities fraud, according to court papers.
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NEW YORK, May 6- The California jeweler who gave a former KPMG auditor cash, merchandise and concert tickets in exchange for inside information about public companies pleaded guilty on Monday to one count of conspiracy to commit securities fraud, according to court papers.
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NEW YORK, May 6- The California jeweler who gave a former KPMG auditor cash, merchandise and concert tickets in exchange for inside information about public companies pleaded guilty on Monday to one count of conspiracy to commit securities fraud, according to court papers.
