Stocks Herbalife Ltd


  • Insider Trading Bust: Ex-KPMG Partner Charged Thursday, 11 Apr 2013 | 2:21 PM ET
    The SEC alleges that Scott London (L) tipped Bryan Shaw with confidential details about five KPMG audit clients and enabled Shaw to make more than $1.2 million in illicit profits trading ahead of earnings or merger announcements.

    U.S. prosecutors in California filed criminal charges against Scott London, a former senior auditor at KPMG in Los Angeles, of conspiracy to commit securities fraud.

  • Former KPMG Partner Apologizes Wednesday, 10 Apr 2013 | 9:19 AM ET
    Former KPMG Partner Apologizes

    The "Squawk on the Street" crew discusses the resignation of a KPMG auditor for his role in leaking non-public data.

  • FBI Launches Probe as KPMG Quits Herbalife, Skechers Wednesday, 10 Apr 2013 | 6:15 AM ET

    In a blow to one of the world's largest accounting firms, KPMG said it resigned as auditor of two U.S. corporations amid an FBI investigation into insider trading allegations.

  • FBI Found KPMG Inside Trader via His Golf Buddy Wednesday, 10 Apr 2013 | 1:29 AM ET

    A former KPMG senior audit partner who quit after admitting to passing on inside information about corporate clients Herbalife and Skechers USA was identified by the golf partner he had been tipping, the auditor's lawyer said.

  • Dumbest Insider Trading Scheme Ever Alleged Tuesday, 9 Apr 2013 | 5:26 PM ET

    Why would anyone even think of trying to illegally trade shares of a company under as much regulatory scrutiny as Herbalife?

  • Stocks finished off their best levels but the Dow still posted a fresh closing high Tuesday. And the S&P 500 traded within 2 points of its all-time peak earlier in the session.

  • Feds Investigating KPMG Insider Trading Claims Tuesday, 9 Apr 2013 | 4:35 PM ET
    Feds Investigating KPMG Insider Trading Claims

    A top auditor for Herbalife and Skechers is under investigation for leaking non-public client information to a third party, reports CNBC's Kayla Tausche. CNBC's Herb Greenberg and Harvey Pitt, Former SEC Chairman, discuss.

  • Skechers CFO: Would Have Never Suspected Tuesday, 9 Apr 2013 | 3:32 PM ET
    Skechers CFO: Would Have Never Suspected This

    CNBC's Kayla Tausche spoke with Skechers CFO Dave Weinberg, who said it had been disclosed that a senior audit partner had admitted to selling the company's nonpublic information. The auditor, Scott London, is cooperating with the Feds and no one else is under questioning.

  • Stock Market Melt-Up Destroying Shorts Tuesday, 9 Apr 2013 | 3:06 PM ET

    Another market melt-up. Forget Herbalife. The big story is the mountains of money being lost by traders who shorted the market at the open on Friday on the worst Jobs Report in years.

  • Scott London Was Herbalife Auditor: Source Tuesday, 9 Apr 2013 | 2:25 PM ET
    Scott London Was Herbalife Auditor: Source

    According to a source, ousted KPMG partner Scott London was the auditor for Herbalife, reports CNBC's Kayla Tausche.

  • KPMG Insider Trading Tuesday, 9 Apr 2013 | 2:04 PM ET
    KPMG Insider Trading

    KPMG first learned last Friday that a senior partner in the firm's audit practice had leaked confidential information to a third party concerning Herbalife and Skechers, reports CNBC's Kayla Tausche. CNBC's Herb Greenberg, provides perspective.

  • Was Ackman's Plan for JCP Too Big to Succeed? Tuesday, 9 Apr 2013 | 1:27 PM ET
    Bill Ackman

    Some times big ideas are just too big to work. That's what happened when the brilliant hedge fund manager tried to remake JC Penney.

  • Midday Movers: CLF, FCX & More Tuesday, 9 Apr 2013 | 1:02 PM ET

    Take a look at some of Tuesday's midday movers:

  • The Demise of JC Penney Tuesday, 9 Apr 2013 | 12:30 PM ET

    Research Director for Mad Money, Nicole Urken, discusses JCP’s demise and the difficulty of turnaround.

  • Cramer: Ackman 'Biochemical Assault' on Herbalife? Tuesday, 9 Apr 2013 | 12:01 PM ET

    CNBC's Jim Cramer said he expects activist investor Bill Ackman to do something drastic to take the spotlight off of JC Penney.

  • Herbalife Shares Reopen For Trading Tuesday, 9 Apr 2013 | 11:32 AM ET
    Herbalife Shares Reopen For Trading

    CNBC's Brian Shactman and Herb Greenberg report on the underlying issues surrounding KPMG as Herbalife stock begins trading again.

  • What Herbalife Halt Means for Ackman & KPMG Tuesday, 9 Apr 2013 | 11:03 AM ET
    What Herbalife Halt Means For  Ackman & KPMG

    CNBC's Kate Kelly takes a look at how Ackman's Pershing Square holdings are performing so far this quarter. And CNBC's David Faber reports on alleged insider trading by one of KPMG's former partners, with the "Squawk on the Street" news team.

  • Cramer: Ullman 'Right Choice' for JCP, but 'I Worry' Tuesday, 9 Apr 2013 | 10:56 AM ET
    Mike Ullman

    JC Penney's board made the "right choice" in bringing back Mike Ullman as CEO to try to save the company, but "I worry," Jim Cramer said Tuesday, a day after the ouster of Ron Johnson.

  • NYSE Won't Force Herbalife to Open Trading: Pisani Tuesday, 9 Apr 2013 | 10:45 AM ET
    NYSE Won't Force Herbalife to Open Trading: Pisani

    CNBC's Bob Pisani reports why shares of Herbalife remain halted for trading on the NYSE.