Herbalife Ltd. (HLF) News: Loeb & Heebner Leave, Russia Partnership & More

Editor’s Note: Herbalife Ltd. (NYSE:HLF), Yahoo! Inc. (NASDAQ:YHOO), Tiffany & Co. (NYSE:TIF), Goldman Sachs Group, Inc. (NYSE:GS), Hertz Global Holdings, Inc. (NYSE:HTZ), Bank of America Corp (NYSE:BAC)

Loeb’s Third Point Exited Herbalife Stake in First Quarter (BusinessWeek)
Third Point LLC, the hedge-fund firm run by Daniel Loeb, exited its stake in Herbalife Ltd. (NYSE:HLF) in the first quarter, according to a regulatory filing. The fund sold 3.1 million shares of the Cayman Islands-based company valued at about $102.1 million at the end of March, according to a filing today with the U.S. Securities and Exchange Commission. …Third Point, which has $12.9 billion in assets, sold 11 million shares of Yahoo! Inc. (NASDAQ:YHOO), bringing its stake to 62 million shares valued at $1.46 billion as of the end of March. Yahoo! Inc. (NASDAQ:YHOO) is still the hedge-fund firm’s largest position by market value. The hedge-fund firm disclosed a new stake in Virgin Media Inc. (VMED) of 11 million shares valued at $538.7 million and 2.7 million shares of Tiffany & Co. (NYSE:TIF) valued at $187.8 million.

Herbalife is Official Nutrition Partner of the 2013 Reebok Fitness Convention in Russia (BroadWayWorld)
Global nutrition company, Herbalife Ltd. (NYSE:HLF), is proud to be the Official Nutrition Partner of one of the largest fitness events in Russia. The Reebok Fitness Convention, which took place in Moscow at the end of April, brought together professionals and enthusiasts of all levels to learn about every aspect of embarking on and maintaining a healthy active life – with experts giving advice and demonstrations on everything from the latest dance fitness trends, to yoga, to nutrition.

Kenneth Heebner Buys Goldman Sachs, Hertz; Sells BofA, Herbalife (BusinessWeek)
Kenneth Heebner, who once ranked as America’s No. 1 stock picker, took new positions in Goldman Sachs Group, Inc. (NYSE:GS) and Hertz Global Holdings, Inc. (NYSE:HTZ), while selling out of Bank of America Corp (NYSE:BAC) and Herbalife Ltd. (NYSE:HLF)…Heebner’s firm added to its stake in Herbalife Ltd. (NYSE:HLF) in the fourth quarter when shares plunged 31 percent after hedge-fund manager Bill Ackman accused the company of operating a pyramid scheme. Herbalife Ltd. (NYSE:HLF) has surged 37 percent in 2013.

Herbalife Continues as Official Nutrition Advisor to the American Youth Soccer Organization (BroadWayWorld)
Global nutrition company, Herbalife Ltd. (NYSE:HLF), has announced that it will continue as Official Nutrition Advisor to the American Youth Soccer Organization (AYSO). This one year agreement continues a relationship with the country’s leading youth soccer organization that started in 2008. The agreement will see Herbalife Ltd. (NYSE:HLF) continue to provide nutrition information and training to AYSO parents, players and volunteers through AYSO newsletters, websites and specific online tools that are being developed by Herbalife Ltd. (NYSE:HLF) specifically with and for AYSO.