U.S. Day Ahead: Herbalife brawl could get very messy
Wednesday, January 09, 2013 - 02:40
Jan. 9 - Hedge fund titans Dan Loeb and Bill Ackman will dissect every word from Herbalife CEO Michael Johnson when he speaks to shareholders on Thursday morning in New York.
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Class of the hedge fund titans get ready for a messy and public brawl between Dan -- and they'll act and over Herbalife. Should I be wearing boxing gloves because load just -- -- eight point 2% stake in nutrition company. -- I took a publicized one billion dollar short exists and end this artist Herbalife. As an unsustainable. Here and it's been both will be dissecting every word from the company's CEO Michael Johnson when he speaks to shareholders and analysts. Twenty that's about marketing our concerns Herbalife rely too heavily on recruiting new distributors rather than selling products. Look at me and we'll also be looking for any news of communications with regulators there are already reports as -- has opened a probe in the meantime investors. Standing by her life its shares are up over 4% -- close on record volume of trade. Over 43 million in one day. It might be one of Washington's worst kept secrets President Obama is expected to nominate -- in the White House chief of staff. I think next Treasury Secretary. Analysts expect it to be an active player in upcoming fiscal hot and given his background as the budget director for Obama and President Clinton. Your concern that he -- significant experience in financial regulation and contacts in the banking industry. That means he would have to rely on -- and or other treasury officials and another crisis. -- One earning the US is third largest Hershey store operator Supervalu reports before the bell. Profits are -- to be down from the year ago but investors will be looking beyond that for years about whether that many now I -- it's been struggling to pay down data from -- acquisition of more than 1000 Albertson's store and handle customers to Wal-Mart and Kroger. Surgeon told Reuters Cerberus Capital Management is nearing an agreement and -- parts of Supervalu. That would -- shareholders happy Supervalu shares are down 60%. Against the starts when he talked. And your -- got to watch in the morning is initial jobless claims it. Two edged down to 365000. A sign that job losses are stabilizing. Hi as far as said the claims rise above 385000. That would sound alarm bells about the economy it would mean layoffs weren't just because of seasonal changes. In the job market. Major follow us on Twitter -- -- hearing her interviews with top market movers are -- TV I'm pretty.
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