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Herbalife says it will co-operate with investigation by attorney general of Illinois

NEW YORK, N.Y. - Nutritional supplements and weight-loss products maker Herbalife is being investigated by the attorney general of Illinois. The office of Attorney General Lisa Madigan confirms it is investigating complaints brought by consumers. Herbalife says it will work with the attorney general's office, and that it is confident in the integrity of its business and its compliance with the law. The company has over 15,000 members in Illinois. Herbalife shares fell 17 cents to $55.10 on Thursday.

N.Y. Attorney General probing Herbalife: report

(Reuters) - New York Attorney General Eric Schneiderman is investigating nutrition and weight loss company Herbalife Ltd <HLF.N> over claims it is a pyramid scheme, the New York Post reported late Monday. Shares fell 3.6 percent to $51.81 in early trading. A spokesman for Herbalife declined to comment directly on the Post's report but said in an e-mailed statement that "Herbalife takes its disclosure responsibilities seriously."

US launches probe into weight loss company Herbalife

US authorities have opened a criminal probe into the nutrition and weight loss company Herbalife Ltd., according to media reports Saturday. The New York Times reported that sources said the case has been under investigation for several months. The daily added that officials it contacted say it is possible that authorities will opt not to take action against Herbalife. The Times wrote that the investigation focuses on Herbalife's direct-selling business model.

FBI conducting a probe into Herbalife: source

BOSTON (Reuters) - The Federal Bureau of Investigation is probing Herbalife, the nutrition and weight loss company hedge fund manager William Ackman has called a pyramid scheme, a person familiar with the investigation said on Friday. The news, first reported by the Financial Times, sent the company's stock price down nearly 14 percent.

FBI conducting a probe into Herbalife: source

BOSTON (Reuters) - The Federal Bureau of Investigation is probing Herbalife, the nutrition and weight loss company hedge fund manager William Ackman has called a pyramid scheme, a person familiar with the investigation said on Friday. The news, first reported by the Financial Times, sent the company's stock price down nearly 14 percent.

US stocks sink again; Nasdaq down 1.3%

The tech-rich Nasdaq Composite Index led Wall Street sharply lower again Friday, closing out a dreary week at its lowest level in more than two months. The Nasdaq sank 54.37 points (1.34 percent) to 3,999.73, its lowest close since February 3, when the index settled for one session below the psychologically important 4,000 level. The Dow Jones Industrial Average tumbled 143.47 (0.89 percent) to 16,026.75, while the broad-based S&P 500 shed 17.39 (0.95 percent) to 1,815.69.

Herbalife appoints executive to manage minority relations

(Reuters) - Nutrition company Herbalife Ltd, attacked by short-sellers over its business practices, has appointed a former adviser to Democratic Senator Harry Reid to the new role of vice president, community engagement and health policy. The company said Angela Arboleda would be responsible for external relations activities, including managing Herbalife's relations with minority communities including Hispanic, African American and Asian American. (Reporting by Maria Ajit Thomas in Bangalore)

Herbalife appoints executive to manage minority relations

(Reuters) - Nutrition company Herbalife Ltd, attacked by short-sellers over its business practices, has appointed a former adviser to Democratic Senator Harry Reid to the new role of vice president, community engagement and health policy. The company said Angela Arboleda would be responsible for external relations activities, including managing Herbalife's relations with minority communities including Hispanic, African American and Asian American. (Reporting by Maria Ajit Thomas in Bangalore)

Herbalife gives Icahn more seats, small NU Skin fine lifts stock

By Devika Krishna Kumar and Svea Herbst-Bayliss (Reuters) - Herbalife Ltd said it is giving three more board seats to Carl Icahn, its biggest shareholder, at a time short sellers are attacking the nutrition and weight loss company's business practices and a U.S. regulator is probing the business. By agreeing to nominate three additional Icahn representatives to its board, Herbalife will potentially allow the 78-year old activist investor to control five board seats on a 13-person board.

Herbalife nominating 3 people backed by activist investor Icahn to its board

LOS ANGELES, Calif. - Herbalife said Monday that it is nominating three people backed by activist investor Carl Icahn to its board. If elected, the latest nominees would bring the number of Icahn-supported people on Herbalife's board to five. There are already two currently on the board. Icahn owns about 16.8 per cent of Herbalife Ltd.'s common stock. Herbalife, which makes supplements and weight-loss products, says it plans to keep the size of the board at 13.
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