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Herbalife says KPMG 'concluded it was not independent' as auditor
This post has been corrected. See note at the bottom for details.KPMG has resigned as Herbalife's auditor after the auditing firm fired a senior partner in its Los Angeles office because of an alleged insider-trading scheme. "KPMG stated it had concluded it was not independent because of alleged insider trading in...Tags: Fraud, Corporate Crime, Accounting and Auditing, Herbalife Limited, Insider Trading
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Downtown Las Vegas' El Cortez and Plaza beckon anew
Quick quiz: How many Vegas-goers you know prefer staying downtown?
Grandma and Grandpa may have raved about 99-cent shrimp cocktails back in the day and sworn that Binion's was the only place for real gamblers, but the '80s brought the bigness and...Tags: Apple iPod, Sharon Stone, Hotel and Accommodation Industry, Martin Scorsese
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Dell stock rises as company agrees to show books to Carl Icahn
Dell Inc. saw its stock jump 1.26% in midday trading on Monday after the company reached an agreement to let shareholder activist Carl Icahn see its books. Icahn Enterprises disclosed that it had signed a confidentiality agreement with Dell that will...
Tags: Companies and Corporations, Economy, Business and Finance, Leveraged Buyouts, Michael S. Dell, Dell Inc.
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Herbalife is global giant with business model in question
Stock spotlight is a new weekly feature that will profile a notable, public company. -------------------- FOR THE RECORD: Herbalife: A caption for a photo with the Stock Spotlight column in the Feb. 25 Section A said customers were participating in an...
Tags: Physical Fitness and Exercise, Stock Market, David Einhorn, U.S. Securities and Exchange Commission, Sales
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Herbalife gives Icahn two seats on board, shares increase
Herbalife Ltd. announced an agreement with billionaire investor Carl Icahn, who owns more than 13% of Herbalife's stock, that will allow him to add two members to its board and give him the right to increase his holdings to one-quarter of the company&...
Tags: U.S. Securities and Exchange Commission, Mutual Funds, Herbalife Limited
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Herbalife says its earnings soared in fourth quarter
Herbalife Ltd. reported that sales of its weight-loss and nutrition products increased significantly in the fourth quarter, even as a hedge fund manager was preparing a massive campaign to short its stock. The Los Angeles company said it earned $1.05...
Tags: Mutual Funds, Herbalife Limited
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Herbalife CEO confirms discussions with investor Carl Icahn
Herbalife Ltd. Chief Executive Michael Johnson said the company has had "short discussions" with billionaire investor Carl Icahn, who last week disclosed that he had purchased 13% of the company's stock and would consider efforts to take the company...
Tags: U.S. Securities and Exchange Commission, Mutual Funds, Herbalife Limited
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Bill Ackman says he was silenced in Herbalife conference call
One voice that was not heard during Herbalife Ltd.'s conference call with analysts Wednesday morning was hedge fund manager Bill Ackman, who has accused the company of operating a pyramid scheme and shorted $1 billion of its shares. "We followed the...
Tags: U.S. Securities and Exchange Commission, Mutual Funds, Herbalife Limited
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Netflix stock jumps nearly 40% in early trading
Netflix Inc.'s stock shot up nearly 40% in early morning trading, fanned by domestic subscriber gains and revenue that exceeded Wall Street's expectations. Shares of the online subscription service were trading at $142.86 Thursday, up substantially from...
Tags: Netflix Inc., House of Cards (tv program), Arrested Development (tv program) , Computing and Information Technology Industry
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Netflix stock soars in after-hours trading on subscriber adds
Netflix Inc. ended a volatile year on a high note, beating expectations for revenue and subscriber growth in the fourth quarter, which ended Dec. 31 -- sparking a nearly 35% spike in the company's stock in after-hours trading. Holiday sales of...
Tags: Lucasfilm Ltd., Redbox, Marketing, Netflix Inc., Media Industry
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Investing: Carl Icahn: Better than Buffett?
Kiplinger's Money PowerCarl Icahn, 76, is arguably one of the great value investors of all time, and his Icahn Enterprises, launched in 1987 as American Real Estate Partners, has an impressive record. Despite a staggering share-price decline in 2008, the units (the firm is...Tags: Federal-Mogul Corporation, Morningstar Incorporated, Forest Laboratories Incorporated, Petroleum Industry, Netflix Inc.
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Netflix adopts poison pill to fend off Icahn
CNNNetflix on Monday said it has adopted a "stockholder rights plan" designed to prevent activist shareholders from launching a hostile takeover. The plan, known to investors as a "poison pill," would kick in if an individual or group tried to buy a sizable...Tags: Redbox, Verizon Communications, Netflix Inc., Finance, Economy, Business and Finance
Apr 9, 2013
|Story| Los Angeles Times
Mar 4, 2012
|Story| Los Angeles Times
Mar 11, 2013
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Feb 25, 2013
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Feb 28, 2013
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Feb 19, 2013
|Story| Los Angeles Times
Feb 20, 2013
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Feb 20, 2013
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Jan 24, 2013
|Story| Los Angeles Times
Jan 23, 2013
|Story| Los Angeles Times
Jan 21, 2013
|Story| Tribune Media Services
Nov 5, 2012
|Story| WPMT-LTV
Original site for Carl Icahn topic gallery.
