{"id":53497,"date":"2016-07-15T10:35:10","date_gmt":"2016-07-15T14:35:10","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=53497"},"modified":"2016-07-15T10:35:10","modified_gmt":"2016-07-15T14:35:10","slug":"hedge-fund-giant-bill-ackman-just-took-a-massive-blow","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2016\/hedge-fund-giant-bill-ackman-just-took-a-massive-blow.html","title":{"rendered":"Hedge fund giant Bill Ackman just took a massive blow"},"content":{"rendered":"

(Yahoo Finance) Shares of multi-level marketer Herbalife jumped on Friday following a report from The Wall Street Journal that The Federal Trade Commission will not determine the company to be a pyramid scheme. Instead, the company will pay a $200 million fine and have to improve disclosures about its distributors, the report said. The story was later confirmed.<\/p>\n

Initially, shares of Herbalife (HLF) had spiked more than 16% in the pre-market, hitting the $68 range. Those gains have since subsided a bit. The stock was last trading up about 9% at $65.<\/p>\n

To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Yahoo Finance) Shares of multi-level marketer Herbalife jumped on Friday following a report from The Wall Street Journal that The Federal Trade Commission will not determine the company to be a pyramid scheme. Instead, the company will pay a $200 […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-53497","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=53497"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53497\/revisions"}],"predecessor-version":[{"id":53498,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53497\/revisions\/53498"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=53497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=53497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=53497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}