| Dec 18, 2013
A year ago, activist investor Bill Ackman rocked Wall Street with a $1-billion bet that shares of Herbalife Ltd., the Los Angeles seller of weight-loss and nutrition products, would slide to zero.
Herbalife was a "pyramid scheme," bound to be undone...
| 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
| 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...
| Oct 11, 2013
| 4:22 PM
Officials for the six-county Metrolink commuter railroad continue to grapple with accounting and management problems that surfaced in February -- a situation complicated by the recent departures of two interim chief financial officers.
| Oct 23, 2013
| 11:51 AM
Former KPMG partner Scott London should be sentenced to three years in prison for selling secret information about the accounting firm’s clients to a stock-trading friend, who used the tips to make more than $1.2 million in profitable trades, the...
| Oct 23, 2013
| 5:38 PM
Former KPMG auditing partner Scott London should spend three years in prison on his insider-trading conviction for selling secret information about the accounting firm's clients to a stock-trading friend, the federal probation office in Los Angeles...
| 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 17, 2013
| 8:14 PM
The face was familiar and so was the place, but rather than patrolling center field as he did for parts of five seasons with the Lehigh Valley IronPigs, Rich Thompson was on the concourse level overlooking the field on Tuesday night at Coca-Cola Park....
| Jun 21, 2013
| 1:05 AM
HONG KONG -- On a sunny March afternoon, 11 Chinese executives armed with digital cameras and iPads got out of a van on Brazil's highway BR-163 to photograph soybean-loaded trucks headed to export terminals.
Dressed in jeans and boots, the officials...
| May 28, 2013
| 8:11 PM
A former senior partner at accounting firm KPMG's Los Angeles office has agreed to plead guilty to a securities fraud charge of passing inside information about the firm's clients to a friend, who used it to make more than $1 million in stock trades....
| May 15, 2013
| 4:30 PM
The current story of Indian cinema is that of unprecedented growth and rapid change. In 2011, consulting firm KPMG predicted a 7% growth rate in India's domestic theatrical sector for 2012. Instead, it grew 23.8%. Total revenues, including domestic and...
| Apr 29, 2013
| 1:44 PM
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...