David Beckham’s latest philanthropy in the States will be a new soccer turf field in the heart of Los Angeles. The LA Galaxy, David Beckham and Herbalife Nutrition will open a refurbished community soccer field in Downtown Los Angeles, located at The Salvation Army Red Shield Youth and Community…

Billionaire investor Carl Icahn, who sparred for years with short-seller William Ackman over the future of Herbalife Nutrition Ltd , on Thursday said he sold roughly $552 million worth of Herbalife stock back to the company, trimming his stake to 21 percent.

The probes included an investigation of claims that Herbalife, a nutrition and weight loss company, has a fraudulent business model, and an inquiry into allegations that investment firm Pershing Square manipulated Herbalife’s stock, the Journal said.

Soros Fund Management, one of the hedge funds industry’s most closely watched investors, exited its bet on Herbalife (HLF.N), the nutrition company that rival investor William Ackman has called a fraud. Soros, which has been betting on Herbalife for roughly two years, said in a regulatory filing that it liquidated its position by selling nearly […]

Herbalife Doesn't Think That It's Exaggerating At All When It Says Bill Ackman Is The Antichrist. By Bess Levin · 1 Comment /. Share. / at 3:55 PM. billackmanpershingsquare Herbalife, (HLF) the embattled nutritional …

Pershing Square Capital Management LP, which in December 2012 revealed a $1 billion bet against the weight loss and nutritional products company, said recent news reports it was behind the lawsuit, or had sued Herbalife itself, were false. It also said that, despite what it called Herbalife’s “misleading public suggestions,” U.S. District Judge Dale Fischer […]

Herbalife’s shares rose more than 15 percent after the Wall Street Journal reported late on Thursday that federal prosecutors and the FBI were probing whether false statements were made in order to spur investigations into the company and lower its stock price. Ackman, whose hedge fund Pershing Square Capital Management LP is short on Herbalife’s […]

The FBI is investigating a contractor hired by Ackman’s Pershing Square Capital Management LP and whether false statements were made to regulators, said two people familiar with the matter. U.S. prosecutors in New York, the FBI and the Federal Trade Commission have been looking into the dietary supplement maker’s marketing practices. Ackman accused Herbalife of […]

Herbalife Ltd (HLF.N) cut the pay of Chief Executive Michael Johnson 36 percent for 2014 after the nutrition and weight loss company failed to meet performance goals set for him and other top executives, according to a securities filing on Friday. Herbalife said Johnson, who is also chairman, received total compensation of $6.73 million last […]

Short seller Doug Kass on one of the most public short-selling events in recent memory: Bill Ackman’s crusade against Herbalife.