Star Scientific – US Market Buzz

News Recap: Herbalife Ltd. (NYSE:HLF), NewLead Holdings Ltd (NASDAQ:NEWL), Star Scientific, Inc.(NASDAQ:STSI)

Jonathan Keim — Fri, 17 Jan 2014 14:51:34 +0000

NewLead Holdings Ltd(NASDAQ:NEWL) shares declined 10.97% to $1.38. The company on Jan. 9 announced that it has been granted access to develop and mine the Five Mile mine, that includes a CSX rail load facility, the Andy Rail Terminal, in Kentucky, USA which mine the Company agreed to acquire in 2012. As previously announced, NewLead has received a reserve report, dated May 2013, for the Five Mile mine, compliant with the U.S. Securities and Exchange Commission methodology, according to which the estimated net present value of the mine is approximately $108 million and the property contains approximately eight million tons of proven and probable coal reserves.

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Star Scientific, Inc.(NASDAQ:STSI) shares fell 9.92% to $0.99. The company announced that its conference call presentation announced on Jan. 2, 2014, will be held at 4 p.m. ET on Jan. 15, 2014.

Free Urgent Insider Catalyst Report For STSI Available Here

Additionally, the company on Dec. 31 announced that it has entered into a Letter of Intent for a $15 million Credit Facility with Jonnie R. Williams, Sr. the Company’s founder and its former CEO. The Credit Facility extends through April 15, 2015. Under the Credit Facility, the Company can borrow up to $10 million without shareholder approval. The remaining $5 million under the Credit Facility may require shareholder approval under the NASDAQ Rules.

Herbalife Ltd.(NYSE:HLF) shares dropped 9.76% to $71.63. The company will release its fourth quarter and full year 2013 financial results after the close of trading on the NYSE on February 18, 2014.

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Additionally, the company on Dec. 16 said a new audit yielded no changes to its financial statements and dealing a blow to hedge fund manager William Ackman, who is betting against the stock. The nutrition and weight loss company said that auditor PricewaterhouseCoopers had completed a review of its financial statements for 2010, 2011, 2012 and 2013 and that it made no significant changes.

Mid Day Recap: Best Buy Co., Inc.(NYSE:BBY), Nu Skin Enterprises, Inc.(NYSE:NUS), Star Scientific, Inc. (NASDAQ:STSI)

Melissa Gaona — Thu, 16 Jan 2014 16:57:36 +0000

Best Buy Co., Inc.(NYSE:BBY) shares decreased 28.99% to $26.64. The company on Jan. 16 said that a key sales barometer fell during the holiday shopping season, stung partly by weakness in the U.S. and a retail environment heavy on promotions. The company said comparable store sales dipped 0.8 percent for the nine weeks ended Jan. 4. This was better than the 1.7 percent decline in the prior-year period. Total revenue for the nine-week period slipped 3 percent to $11.45 billion from $11.75 billion. Domestic revenue declined to $9.75 billion from $9.91 billion, while international revenue fell to $1.7 billion from $1.85 billion.

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Nu Skin Enterprises, Inc.(NYSE:NUS) shares fell 24.61% to $86.50. Nu Skin’s stock has been added to short-term buy list at Deutsche Bank on Jan. 16.

Free Urgent Insider Catalyst Report For NUS Available Here

Additionally, Levi & Korsinsky on Jan. 15 said it is investigating Nu Skin Enterprises, Inc. (“Nu Skin” or the “Company”) (NUS) for possible violations of federal securities laws. On January 15, 2014, shares of Nu Skin fell following a report in the Chinese newspaper People’s Daily; this report alleges that Nu Skin’s Chinese operations amount to a pyramid scheme and violate the laws of the People’s Republic of China.

Star Scientific, Inc. (NASDAQ:STSI) shares fell 9.91% to $1. The company announced that its conference call presentation announced on Jan. 2, 2014, will be held at 4 p.m. ET on Jan. 15, 2014.

Free Urgent Insider Catalyst Report For STSI Available Here