| Aug 22, 2013
| 6:29 PM
NEW YORK — The Nasdaq Stock Market suffered a distressing three-hour outage that halted trading in some of the nation's leading companies, the latest in a series of embarrassing glitches that have exposed technological weaknesses across Wall Street....
| Sep 11, 2013
| 4:23 PM
SAN FRANCISCO — Investors punished Apple's stock Wednesday, driving it down more than 5% after the technology giant disappointed Wall Street by failing to announce a cheaper iPhone and a deal with China's largest wireless carrier.
Both bits of...
| Sep 13, 2013
| 12:21 PM
MGM Holdings Inc., the parent of Metro-Goldwyn-Mayer Inc., has authorized a $75-million stock repurchase plan and announced a dividend designed to protect the company from a hostile takeover.
Privately held MGM said the move was not being adopted in...
| Sep 13, 2013
| 11:23 AM
It's difficult to watch director Dennis Zacek's staging of "Other People's Money" for Shattered Globe Theatre without thinking about the director's own well-publicized disputes with the board of Victory Gardens Theater, where he served as artistic...
| 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....
| Nov 13, 2013
| 11:55 AM
A new stock index was launched Wednesday to help investors keep track of the investing strategies of some of the smartest minds on Wall Street.
The iBillionaire index lists 30 large-cap stocks owned by billionaire investors, including Warren Buffett,...
| Nov 14, 2013
| 12:55 PM
MGM Holdings Inc., the parent of Metro-Goldwyn-Mayer Inc., on Thursday reported third-quarter net income of $16.6 million, buoyed by the strong performance of "Skyfall" and “The Hobbit: An Unexpected Journey" on home entertainment platforms.
| Dec 4, 2013
| 1:30 PM
Shareholder activist Carl Icahn said Wednesday he had informed Apple that he has submitted a proposal to let shareholders vote on a larger stock buyback.
In a tweet Wednesday, Icahn wrote: "Gave $AAPL notice we’ll be making a precatory proposal to...
| 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...