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U.S. stock futures were pretty flat on Friday morning as the world turns its attention to the G20 meeting in Moscow, where currency tensions have stolen the spotlight.
Futures at 8:50 a.m.: DJIA: -0.02%, S&P 500: +0.01%, NASDAQ: +0.08%.
Herbalife (NYSE:HLF) surged as much as 22 percent in pre-market trading on Friday after Carl Icahn disclosed a 12.98 percent stake in the nutritional-supplement company that Bill Ackman has called a pyramid scheme. Comments Icahn made in an interview with Bloomberg suggest that his investment in the company is in no small part a personal jab at Ackman. Icahn said that he doesn’t “like” or “respect” the hedge fund manager. “You don’t go out and get a room full of people to badmouth the company,” Icahn said in the interview. “If you want to be in that business, why don’t you join the SEC.”
CBS Corp. (NYSE:CBS) was off as much as 1.7 percent in pre-market trading after the mass media company reported fourth-quarter and full-year 2012 results that missed analyst expectations. For the quarter, revenue increased 2 percent to $3.7 billion, missing estimates by about $300 million. Earnings growth of 14 percent to $0.64 per share missed estimates by about 6 cents.
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