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News Summary: Herbalife to tweak its reporting

Published on NewsOK Modified: February 20, 2013 at 4:21 pm •  Published: February 20, 2013
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WASHINGTON (AP) — HERBALIFE SHINES MORE LIGHT: Dietary supplements company Herbalife said Wednesday it will provide more details about its customer base, amid a debate about the company's practices by hedge fund managers.

HEDGE FUND FEUD: Hedge fund manager Bill Ackman calls the company a fraud and is betting its stock will go down. Billionaire investor Carl Icahn heralds Herbalife as a great deal and last week disclosed a 13 percent stake in the company.

BIGGEST CUSTOMERS: Company executives say they will begin breaking out which of the 3.2 million Herbalife distributors are also major customers. Herbalife says some of its biggest customers become salespeople to get a discount on its products.


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