| 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...
| Jun 1, 2013
| 3:03 PM
Annette Walter was chief operating officer of a fast-growing Baltimore real estate company. Her husband, Shawn, a former construction project manager, had launched a successful career in sales.
But in March, the Hunt Valley couple walked away from the...
| 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...
| 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....
| 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...