| Oct 3, 2013
| 8:45 AM
Activist hedge fund manager Bill Ackman said he has closed nearly half of his short position on the stock of Los Angeles nutritional products company Herbalife Ltd. but said he still firmly believes it is a pyramid scheme that will attract regulatory...
| Oct 3, 2013
| 7:39 AM
Describing the venerated auction house as "an old master painting in desperate need of restoration," the outspoken hedge-fund manager Daniel Loeb has called for the replacement of Sotheby's president and Chief Executive William Ruprecht in a caustic...
| Sep 26, 2013
| 5:51 PM
Provisions of California's landmark Proposition 13 property tax measure are stoking ire again as reform activists say a high-profile commercial property deal is being structured to avoid tax increases by taking advantage of a loophole.
A group of unions...
| Sep 10, 2013
| 6:12 PM
NEW YORK — The stock market's all-star team has some new players.
Leaving the Dow Jones industrial average is aluminum giant Alcoa Inc., computer-maker Hewlett-Packard Co. and financial behemoth Bank of America Corp. Joining the index of 30 blue-...
| Sep 20, 2013
| 7:51 AM
SACRAMENTO -- Seattle hedge fund manager Chris Hansen and a political committee have been fined $50,000 for not reporting his role in funding a petition drive to block the construction of a basketball arena in Sacramento.
Hansen earlier this year was...
| Sep 14, 2013
| 7:00 AM
Never let a crisis go to waste, says an old rule of politics.
For some major players in the economy, the financial crisis that began five years ago this month with Lehman Bros.' collapse turned out to be as much an opportunity as a calamity....
| Sep 17, 2013
| 9:28 AM
Herbalife Ltd. shares reached a 52-week high Tuesday morning on speculation that the company may begin an aggressive share repurchase.
The Los Angeles nutritional products company has been one of the biggest names on Wall Street since December, when...
| Sep 15, 2013
| 8:23 PM
A handful of maids and janitors line up most weeks outside the gleaming Embassy Suites in Irvine to urge visitors to boycott the hotel.
But the workers aren't just protesting management — they are also targeting their union brothers and sisters....
| Sep 11, 2013
| 9:41 AM
A national Latina advocacy group has asked the Federal Trade Commission to investigate the business practices of Los Angeles nutritional products company Herbalife Ltd.
MANA, a Washington-based group that advocates for Latinas, is the latest...
| Aug 19, 2013
| 3:44 PM
NEW YORK -- A major Wall Street figure did something unusual in a settlement with the country's top securities regulator: admit he did something wrong.
Philip Falcone, a billionaire who runs the hedge fund Harbinger Capital Partners, must admit...
| Sep 5, 2013
| 4:05 PM
Los Angeles commercial landlord Thomas Properties Group Inc., which revived downtown's massive City National Plaza, is fading from the local landscape.
The company has agreed to be sold to Parkway Properties Group Inc., a real estate investment trust...