| Dec 18, 2013
| 11:25 AM
Wet Seal Inc., the Foothill Ranch teen apparel retailer, is in the crosshairs of its activist investor Clinton Group Inc.
The New York hedge fund said in a regulatory filing Wednesday that it is “exploring financing alternatives” to allow...
| Dec 18, 2013
| 11:55 AM
Followers of Herbalife, the Los Angeles peddler of nutritional supplements, know it's actually two stories rolled into one.
One is the story of how a company with a questionable business model, overhyped products, and an almost invisible research and...
| Dec 17, 2013
| 8:57 AM
This year, even bad news has ended up boosting Herbalife Ltd. stock.
The latest example is the company's accounting difficulties. KPMG resigned as Herbalife's auditor in April after one of its partners admitted to an insider-trading scheme involving the...
| Dec 16, 2013
| 4:04 PM
San Francisco Bay Area hedge fund manager Tom Steyer on Monday launched a statewide campaign, aimed at prompting action by state lawmakers, to impose a new extraction tax on oil produced in California.
Steyer said California imposes only a 14-cent per...
| Dec 16, 2013
| 5:08 PM
Shares of Herbalife Ltd. stock surged more than 9% Monday after the company said its new accounting firm made "no material changes" after re-auditing three years of the company’s financial statements.
The new audits were required because KPMG...
| Dec 14, 2013
The stock market closed out its worst week since August, but selling pressure was light and many on Wall Street think share prices could be readying for another advance.
Despite a modest gain Friday, the Dow Jones industrial average slid 265 points,...
| Nov 30, 2013
Whether the cook on your holiday gift list is interested in reading about family and food in Soviet Russia or the preparation of classic French dishes such as jambon au foin ("ham in hay"), baking pies or making authentic pasta carbonara, this fall has...
| Nov 26, 2013
| 1:37 PM
Hedge fund manager Mark Spitznagel has sold his moat-surrounded house in Bel-Air for $10 million.
He bought the compound from dancer-singer-actress Jennifer Lopez and her then-husband, singer Marc Anthony, in 2009 for $6.2 million, according to public...
| Dec 2, 2013
| 2:01 PM
WASHINGTON -- Tom Steyer, the billionaire hedge fund executive and environmental activist from San Francisco, chose his venue carefully.
“It is here President Obama drew his own personal line in the sand,” Steyer said as he convened a...
| Oct 7, 2013
| 1:48 PM
Continuing a trend that dates back at least to the dawn of recorded time, actively managed mutual funds--those run by professional stock pickers--recently have been trounced by the market averages.
As my colleague Tom Petruno documented over the...
| Oct 23, 2013
| 2:22 PM
It looks like former Los Angeles Mayor Antonio Villaraigosa, who we heard was intent on keeping his political options open when he left City Hall this summer -- a run for governor was mentioned -- has instead decided to go for the money.
The question is...