| Apr 9, 2013
| 8:53 AM
KPMG has resigned as Herbalife's auditor after the auditing firm fired a senior partner in its Los Angeles office because of an alleged insider-trading scheme.
"KPMG stated it had concluded it was not independent because of alleged insider trading in...
| Apr 10, 2013
This was the last thing Herbalife Ltd. needed.
Just as the Los Angeles company appeared to be regaining its footing from a Wall Street hedge fund manager's assault, the company's auditor resigned abruptly because of an alleged insider-trading scandal....
| 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...
| Oct 22, 2013
| 4:32 PM
Activist investor Carl Icahn said he sold nearly 3 million shares in Netflix, noting he reaped a substantial windfall from his investment in the online video service.
Icahn said he decided it was time to cash out, after the rapid appreciation of the...
| Oct 23, 2013
| 12:10 PM
In a bid to spur digital movie purchases, Sony Pictures has struck a deal with Wal-Mart's Vudu video streaming service to add video sharing and other features to new releases including "This Is the End" and "After Earth" as well as forthcoming titles such...
| Oct 23, 2013
| 7:27 AM
After the coffee. Before deciding who to root for in the World Series.
The Skinny: If I don't have a personal rooting interest in the World Series, I tend to go with the American League. This year is tougher since the Red Sox beat the Tigers and I hate...
| Oct 23, 2013
| 12:40 PM
The Directors Guild of America and the group representing the major Hollywood studios have agreed to begin contract negotiations next month, nearly seven months before the expiration of the current agreement.
The DGA and the Alliance of Motion Picture...
| 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...
| Oct 25, 2013
| 10:08 AM
Netflix said it will become the exclusive subscription on-demand service providing Disney live-action and animated films in the Netherlands.
Beginning next year, Netflix subscribers will have access to first-run films from Disney, Pixar and Marvel...
| 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 31, 2013
| 9:40 AM
The founder of Newport Beach-based Pacific Investment Co. (PIMCO) and his wife have pledged to give their fortune to charity before they die, according to published reports.
Bill and Sue Gross, who have an estimated wealth of $2 billion, plan to...