AP News

News Summary: Herbalife to tweak its reporting


WASHINGTON (AP) — HERBALIFE SHINES MORE LIGHT: Dietary supplements company Herbalife said Wednesday it will provide more details about its customer base, amid a debate about the company's practices by hedge fund managers.

HEDGE FUND FEUD: Hedge fund manager Bill Ackman calls the company a fraud and is betting its stock will go down. Billionaire investor Carl Icahn heralds Herbalife as a great deal and last week disclosed a 13 percent stake in the company.

BIGGEST CUSTOMERS: Company executives say they will begin breaking out which of the 3.2 million Herbalife distributors are also major customers. Herbalife says some of its biggest customers become salespeople to get a discount on its products.


Later, Baby
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus