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    Apr 9, 2013 |Story| Los Angeles Times

  1. Herbalife says KPMG 'concluded it was not independent' as auditor

    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.
    This post has been corrected. See note at the bottom for details.
    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...

    Tags: Mary Jo White, Fraud, JC Penney Company Inc., Herbalife Limited, Accounting and Auditing

    2. Mar 11, 2013 |Story| Los Angeles Times

  2. Dell stock rises as company agrees to show books to Carl Icahn

    Dell Inc. saw its stock jump 1.26% in midday trading on Monday after the company reached an agreement to let shareholder activist Carl Icahn see its books. 
    Dell Inc. saw its stock jump 1.26% in midday trading on Monday after the company reached an agreement to let shareholder activist Carl Icahn see its books.  Icahn Enterprises disclosed that it had signed a confidentiality agreement with Dell that will...

    Tags: Leveraged Buyouts, Microsoft Corporation, Companies and Corporations, Economy, Business and Finance, Shareholders

    3. Feb 25, 2013 |Story| Los Angeles Times

  3. Herbalife is global giant with business model in question

    Stock spotlight is a new weekly feature that will profile a notable, public company.
    Stock spotlight is a new weekly feature that will profile a notable, public company. -------------------- FOR THE RECORD: Herbalife: A caption for a photo with the Stock Spotlight column in the Feb. 25 Section A said customers were participating in an...

    Tags: Stock Market, Prices, Mutual Funds, Herbalife Limited, Sales

    4. Feb 28, 2013 |Story| Los Angeles Times

  4. Herbalife gives Icahn two seats on board, shares increase

    Herbalife Ltd. announced an agreement with billionaire investor Carl Icahn, who owns more than 13% of Herbalife's stock, that will allow him to add two members to its board and give him the right to increase his holdings to one-quarter of the company’s shares.
    Herbalife Ltd. announced an agreement with billionaire investor Carl Icahn, who owns more than 13% of Herbalife's stock, that will allow him to add two members to its board and give him the right to increase his holdings to one-quarter of the company&...

    Tags: Mutual Funds, Herbalife Limited, U.S. Securities and Exchange Commission

    5. Feb 26, 2013 |Column| Allentown Morning Call

  5. Herbalife battle shows how the game is rigged

    What are we to make of the ability of hedge-fund managers and other influential investors to manipulate the market with impunity and make millions of dollars doing it? The question was raised anew on Feb. 16 after news broke that Daniel Loeb of Third...

    Tags: Mary Jo White, Television Industry, Goldman Sachs Group, Inc., Securities, Mutual Funds

    6. Feb 20, 2013 |Story| Los Angeles Times

  6. Herbalife CEO confirms discussions with investor Carl Icahn

    Herbalife Ltd. Chief Executive Michael Johnson said the company has had "short discussions" with billionaire investor Carl Icahn, who last week disclosed that he had purchased 13% of the company's stock and would consider efforts to take the company private.
    Herbalife Ltd. Chief Executive Michael Johnson said the company has had "short discussions" with billionaire investor Carl Icahn, who last week disclosed that he had purchased 13% of the company's stock and would consider efforts to take the company...

    Tags: Mutual Funds, Herbalife Limited, U.S. Securities and Exchange Commission

    7. Feb 20, 2013 |Story| Los Angeles Times

  7. Bill Ackman says he was silenced in Herbalife conference call

    One voice that was not heard during Herbalife Ltd.'s conference call with analysts Wednesday morning was hedge fund manager Bill Ackman, who has accused the company of operating a pyramid scheme and shorted $1 billion of its shares.
    One voice that was not heard during Herbalife Ltd.'s conference call with analysts Wednesday morning was hedge fund manager Bill Ackman, who has accused the company of operating a pyramid scheme and shorted $1 billion of its shares. "We followed the...

    Tags: Mutual Funds, Herbalife Limited, U.S. Securities and Exchange Commission

    8. Feb 19, 2013 |Story| Los Angeles Times

  8. Herbalife says its earnings soared in fourth quarter

    Herbalife Ltd. reported that sales of its weight-loss and nutrition products increased significantly in the fourth quarter, even as a hedge fund manager was preparing a massive campaign to short its stock.
    Herbalife Ltd. reported that sales of its weight-loss and nutrition products increased significantly in the fourth quarter, even as a hedge fund manager was preparing a massive campaign to short its stock. The Los Angeles company said it earned $1.05...

    Tags: Mutual Funds, Herbalife Limited

    9. Jan 24, 2013 |Story| Los Angeles Times

  9. Netflix stock jumps nearly 40% in early trading

    Netflix Inc.'s stock shot up nearly 40% in early morning trading, fanned by domestic subscriber gains and revenue that exceeded Wall Street's expectations. Shares of the online subscription service were trading at $142.86 Thursday, up substantially from...

    Tags: House of Cards (tv program), Arrested Development (tv program) , Netflix Inc., Computing and Information Technology Industry

    10. Jan 3, 2013 | Los Angeles Times

  10. ‘Texas Chainsaw 3D’ director: Leatherface abused, stunted, lethal

    Hero Complex - movies, comics, pop culture - latimes.com
    It might not be as well known to some moviegoers as “Friday the 13th,” “Nightmare on Elm Street” or “Saw,” ......
    11. Jan 23, 2013 |Story| Los Angeles Times

  11. Netflix stock soars in after-hours trading on subscriber adds

    Netflix Inc. ended a volatile year on a high note, beating expectations for revenue and subscriber growth in the fourth quarter, which ended Dec. 31 -- sparking a nearly 35% spike in the company's stock in after-hours trading.
    Netflix Inc. ended a volatile year on a high note, beating expectations for revenue and subscriber growth in the fourth quarter, which ended Dec. 31 -- sparking a nearly 35% spike in the company's stock in after-hours trading. Holiday sales of...

    Tags: Television Industry, Media Industry, Pixar Animation, Lucasfilm Ltd., Global Expansion

    12. Nov 5, 2012 |Story| WPMT-LTV

  12. Netflix adopts poison pill to fend off Icahn

    Netflix on Monday said it has adopted a "stockholder rights plan" designed to prevent activist shareholders from launching a hostile takeover.
    CNN
    Netflix on Monday said it has adopted a "stockholder rights plan" designed to prevent activist shareholders from launching a hostile takeover. The plan, known to investors as a "poison pill," would kick in if an individual or group tried to buy a sizable...

    Tags: Google Inc., Hulu, Verizon Communications, Redbox, Netflix Inc.

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"I personally think it's going to be 12 to 18 months, t...
(January 7, 2013)
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JLG Industries in McConnellsburg, Pa., manufactures aer...
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