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Thursday, Jan 10
Herbalife (HLF) shares gyrating as its investor conference proceeds, rising from flat at the...
Herbalife (HLF) shares gyrating as its investor conference proceeds, rising from flat at the start to around +7% before easing to +3%. Addressing Bill Ackman's scathing criticisms, including that Herbalife's a pyramid company, it says: 80% of people earn more than their sponsors. "Our business is a meritocracy;" it's a "myth" that Herbalife doesn't have outside retail customers - 5.5M U.S. households have bought the firm's products. (Live blog) (Webcast)