Chapman Says He Sold or Hedged Herbalife Position
Feb. 15 (Bloomberg) -- Robert Chapman, founder of Chapman Capital LLC, talks about the battle between Bill Ackman and Carl Icahn over Herbalife Ltd. and his investment strategy for the shares. Icahn reported a 13 percent stake in Herbalife yesterday, a disclosure that came almost two months after Ackman said he had sold short 20 million shares of the nutritional supplements company. Chapman speaks with Deirdre Bolton on Bloomberg Television's "Money Moves." (Source: Bloomberg)
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Opec Agrees to Cut Oil Production
05:12 - Oil held gains after the biggest advance since April as OPEC agreed to reduce production for the first time in eight years, surprising traders who had expected members to maintain output. Futures were little changed in New York after surging 5.3 percent Wednesday. The Organization of Petroleum Exporting Countries agreed to cut production to a range of 32.5 million to 33 million barrels a day, Iran’s Oil Minister Bijan Namdar Zanganeh said after the meeting in Algiers. JPMorgan Asset Management Head of European Equity Strategy Stephen MacKlow-Smith discusses with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."