| Dec 8, 2013
| 5:00 AM
When Ken Bleifer started collecting wine 50 years ago, he didn't think of it as an investment.
He simply loved wine and, like many connoisseurs, ended up buying much more than he could ever drink. So about 10 years ago, he began selling a portion of the...
| Nov 21, 2013
| 9:02 PM
Sony Pictures Entertainment, reeling from several box-office disappointments and facing scrutiny from an activist shareholder, said at a Thursday meeting for investors that it would undergo a “significant shift” away from movies and toward the...
| Nov 4, 2013
| 6:04 PM
NEW YORK — Steven A. Cohen faces what could be an end to his career as one of Wall Street's most profitable money men after his hedge fund agreed to plead guilty to charges of criminal insider trading.
SAC Capital Advisors becomes the first...
| Oct 28, 2013
| 7:21 PM
Nutritional products maker Herbalife Ltd. reported a nearly 27% jump in third-quarter profit amid double-digit sales growth in China and Latin America.
The Los Angeles company reported net income of $142 million, or $1.32 a share, for the three months...
| Oct 24, 2013
| 9:36 AM
Dozens of people have called on the Federal Trade Commission to investigate multilevel marketing, a controversial industry that includes companies such as Herbalife Ltd., Amway, Avon and others.
In a letter delivered to the FTC's Washington offices...
| 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...
| 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...
| 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 23, 2013
| 12:00 PM
NEW YORK — Month after month, Stan Wright watched impatiently as the stock market climbed higher while his money sat on the sidelines earning next to nothing.
Like many Americans, Wright, 51, yanked his savings out stocks during the 2008 financial...
| Nov 18, 2013
| 3:24 PM
Sony Pictures Entertainment, under pressure from activist investor Daniel Loeb, is eyeing at least $100 million in budget cuts and has hired consultancy Bain & Co. to examine the studio's expenditures, according to a source with knowledge of the matter....
| Nov 21, 2013
| 10:36 AM
Sony Pictures Entertainment, reeling from several box office disappointments and under assault from an activist shareholder, said at a Thursday morning meeting for investors that it would undergo a "significant shift" away from movies and toward the...