From Bloomberg: Herbalife Ltd, the diet supplements company
that has become a battleground for Wall Street titans William Ackman and Carl
Icahn, raised its 2013 earnings forecast on Tuesday. The company also revealed in a regulatory
filing the staff of the Security and Exchange Commission's Division of
Enforcement has been inquiring about the company's operations since December.
The company, which sells products through a network of
independent distributors, has come under intense scrutiny from Pershing Capital
Management's Ackman, one of the world's most closely watched hedge fund
managers, who in December revealed a short position in the stock and called the
business "a pyramid scheme."
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