| Apr 2, 2014
| 12:00 PM
The board overseeing Maryland's health exchange voted unanimously Tuesday evening to scrap its dysfunctional website and adopt software developed by Deloitte Consulting and used by the more successful health exchange in Connecticut.
The software is...
| Mar 5, 2014
| 2:30 AM
LONDON -- The Indian media and entertainment industry grew 12% in 2013, according to a report due to be released by consulting firm KPMG and the Federation of Indian Chambers of Commerce and Industry.
This is despite the country's overall economic...
| Feb 24, 2014
| 11:53 AM
ROME -- In the most concrete sign to date of his intention to reform the Vatican, Pope Francis announced the creation Monday of a single authority to handle all business, administrative and personnel management at the Holy See, a response to the rash of...
| 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...
| 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 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 18, 2013
| 12:30 PM
The Mumbai-based Indian majors are heading south along with their Hollywood partners, looking to cash in on the lucrative South Indian film market and expanding their reach beyond Hindi-language Bollywood.
In 2012, the Indian film industry was worth $1.8...
| Apr 24, 2014
| 5:44 PM
A former partner at the Los Angeles office of accounting giant KPMG was sentenced to 14 months in federal prison for giving confidential information about his firm's clients to a golfing buddy, who used it to make more than $1 million in profits by...
| Apr 10, 2013
| 6:05 PM
The friend who traded on insider trading tips provided by a former KPMG accountant is Bryan Shaw, his lawyer said late Wednesday.
Shaw, an Encino jeweler, used information about Herbalife Ltd. and Skechers USA Inc. to profit in the stock market. He...
| Apr 10, 2013
| 7:00 PM
It was the Starbucks sting.
The defining moment in the KPMG insider-trading scandal took place over coffee at a Starbucks in the San Fernando Valley, where the accountant at the center of the case was set up by his longtime friend.
| Apr 11, 2013
| 10:37 AM
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....