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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: Physical Fitness and Exercise, Business Enterprises, Economy, Business and Finance, Finance, Corporate Crime
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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: Physical Fitness and Exercise, Earnings Forecasts, Earnings, KPMG, Nutrition
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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: Food and Drug Administration, Diseases and Illnesses, Mexico, Health Organizations, Disneyland Park
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Herbalife investors meet -- briefly
Herbalife would seem to have a lot to talk about with its investors, but you'd never know it from Thursday's annual shareholder meeting in Beverly Hills. It lasted less than 15 minutes. Executives didn't address claims raised by hedge fund manager...
Tags: Economy, Business and Finance, Shareholders, Corporate Crime, Insider Trading, Companies and Corporations
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Herbalife quickly and quietly names two new board members
Herbalife Ltd. might have had one of the quickest annual meetings of 2013. The nutritional supplements company, battling a billionaire investor’s bet that its stock will tank, began its yearly gathering of shareholders a few minutes after 9 a.m....
Tags: CEO Pay, Accounting and Auditing, Pension and Welfare, Politics, Annual and Special Corporate Meetings
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Weekly jobless claims tumble to 339,000, near five-year low
WASHINGTON -- Countering signs of a spring economic slowdown, initial jobless claims unexpectedly tumbled last week to nearly the lowest level in five years, the Labor Department said Thursday. The number of people filing for first-time unemployment...
Tags: Unemployment Rate, Labor Markets, Economic Indicator, Unemployment Benefits
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Herbalife to reassure investors
Herbalife Ltd., battling a billionaire investor's bet that its stock will tank, is expected to reassure shareholders at the company's annual meeting Thursday that the Los Angeles nutritional products maker is a strong, healthy, legitimate operation. The...
Tags: Trials, Sales, Prices, Business, Annual and Special Corporate Meetings
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Skechers gets new auditor after insider-trading allegations
Skechers USA Inc. appointed a new auditor Wednesday to replace its former accounting firm, KPMG, which was rocked by an insider trading scandal and resigned earlier this month. The Manhattan Beach shoe maker’s board of directors named BDO USA as...
Tags: Business Enterprises, Manhattan (New York City), Skechers USA Incorporated, Economy, Business and Finance, Accounting and Auditing
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Ex-KPMG auditor Scott London is charged
Prosecutors filed a criminal charge against disgraced former KPMG partner Scott London, saying he gave a stock-trading friend inside information about his firm's clients in exchange for cash, jewelry and expensive dinners. The criminal case filed...
Tags: Prosecution, Trials, Robert J. Lopez, FBI, KPMG
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In KPMG insider trading case, crime and blunders alleged
It's the kind of audacious but small-stakes insider trading that normally wouldn't have merited much attention. Golfing buddies Scott London and Bryan Shaw netted just $1.3 million, a blip in a world where Wall Street kingpins pocket hundreds of...Tags: Trials, Robert J. Lopez, NYSE Euronext, Inc., KPMG, Media Industry
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Details emerge in case against ex-KPMG auditor Scott London
The KPMG insider trading scam was far more profitable than earlier known and went longer than thought. Scott London, the disgraced ex-auditor from KPMG's office in Los Angeles, has been charged in a federal complaint with one count of conspiracy to...
Tags: Trials, Earnings, FBI, Financial Markets, Deckers Outdoor Corporation
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Federal prosecutors charge ex-KPMG auditor Scott London
The U.S. Department of Justice has charged Scott London, the former KPMG auditor who passed non-public information about Herbalife Ltd. and Skechers USA Inc. to a friend, with criminal insider trading. London, 50, is scheduled to be arraigned at 2 p.m....
Tags: Trials, Manhattan (New York City), Skechers USA Incorporated, Accounting and Auditing, Crime, Law and Justice
Apr 30, 2013
|Story| Los Angeles Times
Apr 29, 2013
|Story| Los Angeles Times
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Apr 26, 2013
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Apr 24, 2013
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Apr 11, 2013
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Apr 11, 2013
|Story| Los Angeles Times
Apr 11, 2013
|Story| Los Angeles Times
Apr 11, 2013
|Story| Los Angeles Times
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