The New York Post reported it was in possession of U.S. Federal Trade Commission documents that indicated a law enforcement probe into Herbalife and "pending law enforcement action." Shares of Herbalife dropped up to 16% to $29.35 in premarket trading on Monday.
Herbalife has been accused of running a pyramid scheme, which the company denies. Hedge fund manager Bill Ackman has accused the company of providing misleading information and using techniques to hide the pyramid scheme.
Japan Airlines is trending after saying the grounding of its Boeing (BA) 787 Dreamliner would cost the company $7.5 million in earnings through March. The airline said it would discuss getting compensation for the lost revenue once the issues with the fleet have been resolved. Boeing's new jet fleet has been grounded indefinitely following a battery fire and other battery-related problems last month. All Nippon Airways, which also experienced problems with the Dreamliner after one jet was forced to make an emergency landing following a triggered smoke alarm, said it would consider whether to seek compensation after the issues were fixed as well.
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