Herbalife Reportedly Is Subject of Law Enforcement Probe: Hot Trends

NEW YORK ( TheStreet) -- Popular searches on the Internet include Herbalife ( HLF) after reports that the supplement-maker is the subject of a law enforcement probe.

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.


Swatch Group is another popular search. The watch-maker reported a 26% rise in 2012 profit and an optimistic outlook on 2013.

Swatch reported net income that rose to 1.6 billion Swiss francs ($1.8 billion), beating analysts' expectations of 1.49 billion francs. The company's watch sales have been driven by strong growth in China and Asian tourists traveling in Europe.


The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.

-- Written by Brittany Umar.

Brittany joined TheStreet.com TV in November 2006 after completing a degree in Journalism and Media Studies at Rutgers College. Previously, Brittany interned at the local ABC affiliate in New York City WABC-TV 7 where she helped research and produce On Your Side, a popular consumer advocacy segment.

More from Stocks

Markets Look Confused After Latest Beating

Markets Look Confused After Latest Beating

General Electric Expulsion From Dow Symbolizes Unsettled Week in Markets

General Electric Expulsion From Dow Symbolizes Unsettled Week in Markets

How Small-Cap Stocks Can Protect Your Portfolio From a Trade War

How Small-Cap Stocks Can Protect Your Portfolio From a Trade War

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

3 Great Stock Market Sectors Millennials Should Invest In

3 Great Stock Market Sectors Millennials Should Invest In