CNBC.com's Lawrence Delevingne discusses Herbalife's 49 percent fall in 2013.» Read More
NEW YORK, Feb 14- Soros Fund Management, one of the hedge fund industry's most closely watched investors, trimmed its stakes in J.C. Penney and Herbalife late last year, marking a notable shift in course only months after buying into the companies.
NEW YORK, Feb 14- Soros Fund Management, one of the hedge fund industry's most closely watched investors, exited J.C. Penney and trimmed its stake in Herbalife late last year, marking a notable shift in course only months after buying into the companies.
Here's what Pershing Square's Bill Ackman thinks about a slew of companies.
Billionaire investor William Ackman's fund surged 3.8 percent in January, handily beating the stock market's decline and taking some of the sting away from last year, when losing trades involving J.C. Penney and Herbalife dragged on his fund's performance.
Stocks were battered Monday after factory data cast a negative light on the economy.
Some of Monday's midday movers:
Bill Ackman is calling out some individuals who distribute for Herbalife. CNBC's Herb Greenberg says these distributors are "known entities."
BOSTON, Feb 3- Billionaire investor William Ackman on Monday charged that Herbalife, a seller of nutrition and weight-loss products, found new distributors through a business that had been convicted in Canada of running an illegal pyramid scheme. Ackman's charges raise fresh questions about Herbalife's recruiting tactics.
*Ackman raises questions about Herbalife distributors. Feb 3- Herbalife Ltd estimated fourth-quarter profit and sales above market forecasts on Monday, but investor William Ackman quickly struck back with claims about a former top Herbalife distributor, raising new questions about the company's sales practices.
Feb 3- Herbalife Ltd estimated fourth-quarter profit and sales above market forecasts, dealing a setback to investor William Ackman who has accused the nutrition and weight loss company of being a pyramid scheme and taken a big short position on the stock.
The "Squawk on the Street" news team dissect Herbalife's buyback and plans to raise $1 billion via a convertible note issue.
NEW YORK, Feb 3- Wall Street was poised to edge up on Monday, ahead of data on the housing and manufacturing sectors, after the S&P 500 closed its worst month since May 2012 on Friday. *Markit's final January reading on the factory sector is due at 8:58 a.m., followed by construction spending for December and ISM's manufacturing PMI for January at 10:00 a.m..
Companies in the news before Monday's bell.
Happy Monday, unless of course you're Peyton Manning, quarterback of the losing team in the Worst Super Bowl Ever.
Nutrition and weight loss company Herbalife estimated fourth-quarter profit above analysts' expectations and announced a $1 billion debt offering.
Feb 3- Nutrition and weight loss company Herbalife Ltd estimated fourth-quarter profit and sales above analysts' expectations, sending its up 4 percent in premarket trading.
Feb 3- Nutrition and weight loss company Herbalife Ltd on Monday estimated fourth-quarter profit above analysts' expectations and announced a $1 billion debt offering. The company estimated adjusted earnings of $1.26- $1.30 per share for the quarter ended Dec. 31. Herbalife also said it would offer $1 billion in convertible senior notes due 2019..
BOSTON, Jan 28- Herbalife shares fell as much as 3.5 percent on Tuesday following a report that Canada's top consumer regulator has launched a formal probe into complaints that the nutrition and weight loss company runs a pyramid scheme.
Analyst Tim Ramey is leaving D.A. Davidson, reports CNBC's Scott Wapner. CNBC's Herb Greenberg, weighs in.
Saturday marks one year since Carl Icahn and Bill Ackman brawled on "Fast Money Halftime Report" over Herbalife. The FMHR traders discuss news Sen. Ed Markey (D-MA) is launching an investigation into Herbalife.