FILE - In this New York Stock Exchange Friday, Dec. 21, 2012, photo, Trader Warren Meyers uses his handheld device as he works on the floor of the New York Stock Exchange. Stocks are down Monday, Dec. 24, 2012, amid concern that lawmakers will fail to reach a deal to stop the U.S. going over the so-called fiscal cliff. (AP Photo/Richard Drew)
Stocks dip with budget deal in doubt at year's end
FILE - In this New York Stock Exchange Friday, Dec. 21, 2012, photo, Trader Warren Meyers uses his handheld device as he works on the floor of the New York Stock Exchange. Stocks are down Monday, Dec. 24, 2012, amid concern that lawmakers will fail to reach a deal to stop the U.S. going over the so-called fiscal cliff. (AP Photo/Richard Drew)
By STEVE ROTHWELL
AP Business Writer /
December 24, 2012
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Among other stocks making big moves:
—Herbalife Ltd., the nutritional supplements company, fell $1.21, or 4.4 percent, to $26.06. The stock has tumbled 43 percent this month after William Ackman, the founder and CEO of hedge fund Pershing Square Capital Management L.P., claimed that the nutritional supplements company is a pyramid scheme.
The company said Monday that it would hold an analyst and investor meeting Jan. 10 to discuss the company’s business in detail.
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AP Writer Steve Peoples contributed to this report from Boston.
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