Herbalife was unaware until just days ago that one of its directors was charged in 2008 fraud case in Brazil.» Read More
Oct 7- Shares of Herbalife Ltd tumbled 3.4 percent on Tuesday after a news report that the U.S. Federal Trade Commission could move against the nutritional products maker, although there was no sign regulatory action was imminent. The commission started an inquiry into Herbalife's operations in March after activist investor William Ackman called for...
BOSTON, Oct 6- Sahm Adrangi, who runs small hedge fund Kerrisdale Capital, told Wall Street on Monday he believes satellite communications company Globalstar Inc's business is worthless, sending its stock tumbling roughly 25 percent. Renting out the same mid-town Manhattan auditorium where prominent activist investor William Ackman has unveiled some of...
The former Pershing Square analyst who told his roommate about Bill Ackman's big Herbalife short early is not who you think.
WASHINGTON, Sept 30- U.S. regulators on Tuesday charged two men with insider trading after they learned that hedge fund manager Bill Ackman was planning to announce a $1 billion bet against Herbalife Ltd based on a view the company was merely a "pyramid scheme."
The SEC accuses two men of insider trading ahead of Bill Ackman's announcement that his Pershing Square fund had taken a short position on Herbalife.
CNBC's Scott Wapner reports the SEC has charged two men with insider trading in Herbalife shares. One of the charged men was the roommate of a former Pershing Square analyst.
Kyle Bass, Hayman Capital Management principal, defends his support of Herbalife. I believe it's a real business and I'd bet on Dan Loeb over Bill Ackman any day, says Bass.
Some of Tuesday's midday movers:
Take a look at which companies are making headlines after the bell Monday:
As CEO of his own soon-to-be public company, Bill Ackman will use a dual share-class structure that has been considered unfriendly to investors.
Bill Ackman has announced plans to float a fund on the Amsterdam Stock Exchange, with the hope of raising at least $5 billion.
NEW YORK, Sept 11- U.S. stocks fell on Thursday, dropping in a broad decline that saw the number of companies hitting 52- week lows outnumber the companies hitting highs for the first time since early August.
By Jeffrey Dastin and Daina Beth Solomon. Sept 5- New York hedge fund manager William Ackman says Herbalife is a pyramid scheme that exploits the poor.
Investing with top performing managers after a great run is probably a bad idea, according to a new study of long-term hedge fund performance.
CNBC's Scott Wapner says some big activity in the options market today around Herbalife has some traders wondering whether Bill Ackman is "pressing his short," and upping his bearish view of that company again.
Investment managers love bets made by both billionaire activists, according to a new analysis of top hedge fund stock positions.
NEW YORK, Aug 14- Activist investor Carl Icahn reported a 6.6 percent stake in Gannett Co Thursday and revealed that he planned to push the media company to split into separate print and broadcast firms before Gannett beat him to it, a regulatory filing showed.
Aug 14- Pershing Square Capital Management LP, the hedge fund firm run by William Ackman, has sued the U.S. government, claiming that its stripping of Fannie Mae's and Freddie Mac's profit illegally short changes investors in the mortgage companies' common stock.
*Recent successes include Spain's Gowex. LONDON, Aug 12- Fund managers are increasingly turning to investigative tactics, detailed accounting analysis and corporate sleuthing in a bid to uncover skeletons in company closets that can offer an investment edge in a low-yield world.
Aug 6- NU Skin Enterprises Inc, a direct-seller of skincare and nutritional products, forecast sales for the second half of the year that fell well short of analysts' expectations as its struggles to revive sales in China, its biggest market.