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China gives U.S. regulators access to audit records
China agreed to give a U.S. regulator access to documents from Chinese accounting firms, moving toward a resolution of a dispute that could have pushed the country's companies to stop trading on U.S. stock markets. The Public Company Accounting Oversight...Tags: China, PricewaterhouseCoopers, Business Enterprises, U.S. Securities and Exchange Commission, KPMG
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Bell faces 'fiscal crisis' after corruption scandal, audit finds
This post has been updated. See the note below for details.Three years after a massive corruption scandal, Bell's finances have worsen considerably and the city doesn't have the money to refund millions of dollars in taxes illegally levied on residents, according to a state audit released Wednesday. Bell...Tags: Crime, Law and Justice, Prosecution, City of Bell Public Corruption Scandal, Justice System, Finance
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Steeped in debt, Bell could owe millions in legal fees, audit says
The city of Bell could be on the hook for $4 million in legal fees for court cases stemming from its corruption scandal, according to a state audit. Adding to the problems, the city is showing a possible negative balance in its general fund of $1.1...
Tags: Crime, Law and Justice, John Chiang, City of Bell Public Corruption Scandal, Finance, Justice System
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Bell is on the brink of a fiscal crisis, audit says
This post has been corrected. Please see the note below.Bell's finances have worsened considerably since its infamous corruption scandal, leaving the city unable to refund millions of dollars in taxes illegally levied on residents and businesses, an audit released Wednesday shows. The report by the state...Tags: Crime, Law and Justice, John Chiang, Trials, City of Bell Public Corruption Scandal, Justice System
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Herbalife chooses PricewaterhouseCoopers as new auditor
Herbalife Ltd. has chosen PricewaterhouseCoopers as its independent auditor, ending a nearly two-month effort to replace KPMG, which resigned after a senior partner was accused of insider trading. The Los Angeles nutritional products company said...
Tags: Trials, PricewaterhouseCoopers, KPMG, Herbalife Limited
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Herbalife hires PricewaterhouseCoopers as its new auditor
Seven weeks after its auditor resigned in an insider trading scandal, Herbalife Ltd. retained major accounting firm PricewaterhouseCoopers as its new auditor. The Los Angeles nutritional products company said Tuesday that PricewaterhouseCoopers would...
Tags: Insider Trading, Finance, PricewaterhouseCoopers, Fraud, Skechers USA Incorporated
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Guilty plea in KPMG insider-trading case
A San Fernando Valley jeweler at the center of an insider-trading scandal pleaded guilty to a conspiracy charge and agreed to turn over $1.27 million in ill-gotten stock gains made from tips from a top auditor at accounting giant KPMG. Bryan Shaw, 52,...
Tags: Crime, Law and Justice, Prosecution, Justice System, Court Preliminary, College Sports
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L.A. County officials to stop sending children to foster agency
Responding to new allegations of financial malfeasance and abuse, Los Angeles County officials have decided to stop sending children to a private foster care agency that has been responsible for more than 1,100 youths in recent years. The action was...
Tags: Mark Ridley-Thomas, Satellite Technology, Child Abuse, Abusive Behavior, Zev Yaroslavsky
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Race for city controller lands at LAX
This post has been corrected, as explained below. The Los Angeles city controller doesn't have any actual power over the modernization plans of Los Angeles World Airports or over whether a runway is moved at Los Angeles International Airport....
Tags: Entertainment Events, Los Angeles International Airport, Local Elections, Dennis P. Zine, Eric Garcetti
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$42.6 million hidden in city fund through accounting error
During years of cuts to basic services, Los Angeles city officials say, nearly $43 million piled up unnoticed in a Department of Transportation fund because of an accounting error. The discovery of $42.6 million will be a welcome one-time infusion...
Tags: Budgets and Budgeting, Finance, Computing and Information Technology Industry, Paul Krekorian, Economy, Business and Finance
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Jeweler agrees to plead guilty in KPMG insider-trading case
A San Fernando Valley jeweler agreed to plead guilty to a conspiracy charge and return nearly $1.3 million in stock-trading gains he made from allegedly illegal tips provided by a former partner at accounting giant KPMG. Bryan Shaw, 52, of Lake Sherwood...
Tags: Crime, Law and Justice, Prosecution, Justice System, Finance, Court Preliminary
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Eric Garcetti ad attacks Wendy Greuel as 'the DWP's mayor'
This post has been updated and corrected. See the notes below for details.Just a little more than two weeks before the Los Angeles mayoral election, candidate Eric Garcetti is redoubling his attack on rival Wendy Greuel with a television ad that calls her “the DWP’s mayor” and asks viewers: “How much...Tags: Wendy Greuel, Local Elections, Advertising, Eric Garcetti, Politics
May 24, 2013
|Story| Los Angeles Times
May 22, 2013
|Story| Los Angeles Times
May 23, 2013
|Story| Los Angeles Times
May 22, 2013
|Story| Los Angeles Times
May 21, 2013
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May 22, 2013
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May 21, 2013
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May 14, 2013
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May 18, 2013
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May 9, 2013
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May 7, 2013
|Story| Los Angeles Times
May 6, 2013
|Story| Los Angeles Times
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