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Herbalife posts better-than-expected earnings, again
Los Angeles nutritional products company Herbalife Ltd. reported $1.1 billion in first-quarter sales and profit that soundly beat analysts' expectations and its own guidance. The company reported earnings of $118.8 million, or $1.10 a share, up from...
Tags: Insider Trading, Mutual Funds, Earnings, KPMG, 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: Prosecution, Court Preliminary, Insider Trading, Trials, U.S. Department of Justice
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Herbalife shares rise above price when Ackman made allegations
Herbalife Ltd. shares gained 4% and traded part of Monday above the price they were when hedge fund manager Bill Ackman first accused the Los Angeles nutritional products company of operating a long-running pyramid scheme. The company's stock price...
Tags: Corporate Crime, Mutual Funds, Marketing, Fraud, Carl Icahn
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Herbalife shares surge past price when Ackman made allegations
Herbalife Ltd. shares were up more than 5% Monday and had passed the price they  were when hedge fund manager Bill Ackman accused the Los Angeles nutritional products company of operating a long-running pyramid scheme. The company’s stock price...Tags: Mutual Funds, Carl Icahn
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Jeweler agrees to plead guilty in KPMG insider-trading case
A San Fernando Valley jeweler has agreed to plead guilty to conspiracy for allegedly making illegal stock trades based on inside information given to him by a KPMG partner. Bryan Shaw, 52, of Lake Sherwood admitted in a plea agreement that he...
Tags: FBI, Court Preliminary, Scott London, Insider Trading, Trials
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Herbalife raises estimate of legal costs amid pyramid allegations
Herbalife Ltd. said its feud with billionaire hedge fund manager Bill Ackman has been more costly than it anticipated, prompting speculation that the company is bracing for potential government investigations. The Los Angeles nutritional products...
Tags: Business, Prosecution, Mutual Funds, Laws, Justice System
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Herbalife getting personal with Ackman, notes J.C. Penney 'disaster'
Things are starting to get personal in the battle between hedge fund manager Bill Ackman and Herbalife Ltd., the Los Angeles nutritional products company he’s accused of operating a long-running pyramid scheme. Herbalife spokeswoman Barbara...
Tags: Mutual Funds, Occidental Petroleum Corp., JC Penney Company Inc.
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Herbalife says KPMG's resignation hindered stock buybacks
Herbalife Ltd. said it had to scale back plans to repurchase its shares after KPMG resigned in early April as its auditor and withdrew its review of the company's annual financial statements for the last three years. The Los Angeles nutritional products...
Tags: Insider Trading, Corporate Crime, Mutual Funds, KPMG, Fraud
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Herbalife posts record results
Herbalife Ltd. has now notched 17 consecutive quarters in which its profits sailed past Wall Street projections. The Los Angeles nutritional products company told investors Monday that earnings during the first three months of the year climbed nearly...
Tags: Insider Trading, Mutual Funds, Earnings, U.S. Securities and Exchange Commission, KPMG
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Herbalife effort to replace KPMG 'nearing completion,' CFO says
Herbalife Ltd. is making progress in its search for a new accounting firm, executives said during a conference call with analysts Tuesday. The Los Angeles nutritional products company was forced to hire a new accounting firm after KPMG resigned...
Tags: Insider Trading, Corporate Crime, David Einhorn, Mutual Funds, KPMG
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Skechers shares resume trading amid KPMG insider trading probe
Trading in shares of Skechers USA Inc. has resumed after being halted earlier Tuesday morning following KPMG’s resignation as the footwear company’s auditor. KPMG, which fired a senior partner in its Los Angeles office amid allegations of...
Tags: Insider Trading, Skechers USA Incorporated, Economy, Business and Finance, Finance, Accounting and Auditing
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Imported cucumbers sicken 73 people in 18 states with salmonella
More than 70 people in 18 states have fallen ill because of a salmonella outbreak linked to imported Mexican cucumbers, the Centers for Disease Control and Prevention said Thursday. The agency said 14 people have been hospitalized, and it is working...
Tags: U.S. Centers for Disease Control and Prevention, Health Organizations, Mexico, Food and Drug Administration, Diseases and Illnesses
Apr 29, 2013
|Story| Los Angeles Times
May 7, 2013
|Story| Los Angeles Times
May 7, 2013
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May 6, 2013
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May 6, 2013
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May 3, 2013
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May 3, 2013
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May 1, 2013
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Apr 29, 2013
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Apr 30, 2013
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Apr 9, 2013
|Story| Los Angeles Times
Apr 25, 2013
|Story| Los Angeles Times
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