Festival of Books
Everything you need to know about the Festival of Books


Ackman attack on Herbalife fizzles, shares rise
Ackman attack on Herbalife fizzles, shares rise

Longtime Herbalife Ltd. critic Bill Ackman leveled new allegations against the company, saying training programs for its prospective sales people are misleading and violate labor laws. But investors seemed unimpressed, driving shares of the Los Angeles nutritional company up 17% in Tuesday morning trading. One day earlier, Herbalife shares fell 11% on word of Ackman's latest attack. In a presentation in New York, Ackman focused on training for people who intend to open Herbalife nutrition clubs. He said the would-be salespeople are duped into thinking they can make hundreds of thousands of dollars a year, when most of them will fail. They are also required to provide free labor...