Hot Business News Today

Hot Business News Today

Herbalife Executives Buy $1.7 Million In Shares

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Insiders at Herbalife threw their hats into the ring of the media circus surrounding the multi-level marketing firm.
Three Herbalife top executives bought 30,700 shares for $1,709,467, an average of $55.68 each, on July 31.
Chief Financial Officer John DeSimone bought 10,000 Herbalife (ticker: HLF ) shares for $555,600. He now holds a direct stake of 28,690 shares. DeSimone’s most recent previous transaction was on April 16, 2012, when he exercised options and sold 31,700 shares for $2.7 million, an average of $70.50 each, through a 10b5-1 plan.
Chief Operating Officer Richard Goudis bought 10,700 shares for $597,167. He now holds a direct stake of 166,969 shares. Goudis’ most recent previous transaction was on Nov. 29, 2012, when he bought 180,100 shares for $2 million, an average of $43.89 each.
Finally, President Desmond Walsh bought 10,000 shares for $556,700. He now holds a direct stake of 107,599 shares. Walsh’s most recent previous transaction was on April 3, 2012, when he exercised options and sold 125,500 shares for $5 million, an average of $69.44 each through a 10b5-1 plan.
All the executives hold stakes of less than 1% in Herbalife.
Walsh and Goudis joined Herbalife in 2004. DeSimone joined in 2007.
Herbalife did not respond to a phone call seeking

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Ackman Says “My Bad” On Herbalife Presentation

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Hedge fund manager Bill Ackman has two words to sum up his Herbalife Ltd. (HLF) presentation last week: “My bad.”
Investors may have missed the point because the event was long and overhyped, Ackman said in an interview. Even the private researcher who helped convince Ackman the company is an illegal pyramid scheme now says the details of a two-year investigation into Herbalife’s nutrition clubs were largely ignored.
Ackman had promised to show an Enron-style fraud during the event. Instead of dumping the stock, investors sent the shares up 25 percent after the presentation, marking the biggest one-day gain in the history of the company. Ackman’s firm, Pershing Square Capital Management LP, bet $1 billion against the stock in 2012.
“It was a PR failure,” Ackman said. “I think we raised expectations. People were looking for the dead body and the smoking gun and instead what they got was a three-hour detailed regulatory presentation.”
The shares declined 6.1 percent to $52.40 at the close in New York.
Lost amid the earlier share gain was research that offers evidence of an elaborate and secretive illegal recruiting system, said Christine Richard, a former journalist who helped Ackman present material at the New York event.
William “Bill” Ackman, founder and chief executive officer of Pershing Square Capital

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ViSalus Honored With Kaltura Innovation Award And Four Telly Awards

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ViSalus, Inc., the company behind the #1 90-Day weight-loss and fitness challenge platform in North America, took home a Kaltura Innovation Award for ‘Best Designed Video Experience’ for the release of their Vi-Net Pro application as well as four coveted 2014 Telly Awards for excellence in video production.
The Kaltura Innovation Awards celebrate cutting-edge and exciting applications of video, and recognized ViSalus as their 2014 ‘Best Designed Video Experience’ at Kaltura Connect, The Video Experience Conference held June 16-18 in New York City. Kaltura Connect remains at the forefront of video technology and acknowledged the Vi-Net Pro application as an innovative and premier mobile experience. 
The company, whose mission is built around challenging others, took on its own Challenge and competed against 12,000 worldwide entries at the 34thAnnual Telly Awards— and won. For over a quarter century, the Telly statuette has been recognized as the premier award honoring the finest film and video productions, groundbreaking web commercials, and outstanding local, regional and cable TV commercials and programs.
ViSalus was honored with four Telly statuettes in the categories of: Online Video, Infomercial, Sales Program, and Live Event Segment.

“We love to innovate at Vi, and we are proud of creating and producing the highest quality programming

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Empower Network Expects 5,000 Attendees At Orlando Event In October

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Blogging and leadership company Empower Network announced today that it has chosen Orlando and the Hyatt Regency Orlando at 9801 International Dr. for the location of its last quarterly conference for 2014.
The company expects up to 5,000 attendees at the October 23-26 event.
“The event and the location cannot be missed,” said CEO Jonathan Cronstedt. “Orlando has much to offer for our conference, including supplemental incentives like the area attractions, entertainment and dining options. We want our affiliates to better themselves and enjoy their time while attending these events; Orlando is the perfect place to achieve both.”
Attendees will learn about company products and hear members of the leadership team speak, and the newest members of Empower Network’s Millionaire’s Club will receive recognition. Empower Network also plans to donate time and money to a local charity during the quarterly conference.
In June, Empower Network hosted a training event in Charlotte with 2,300 attendees.
Empower Network also hosted a regional event in Orlando in October 2013. The 2013 event saw 2,000 attendees and brought in an estimated $2.64 million in economic spending for the Orlando area.
Empower Network deals with web, marketing and leadership tools for individuals looking to build businesses. With these tools, they don’t have to deal with many

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