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Skechers USA Inc
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May 21- Herbalife Ltd said on Tuesday it has engaged PricewaterhouseCoopers LLP as its auditor, replacing KPMG in the wake of alleged insider trading. Last month, KPMG resigned as auditor for Herbalife and Skechers USA Inc and parted ways with Scott London, a senior auditor. Herbalife shares were up $1.91, or 3.9 percent, at $51.12 on the New York Stock Exchange.
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MANHATTAN BEACH, Calif.-- Skechers USA Inc. on Wednesday posted a profit for its first quarter on greatly improved sales. Skechers, based in Manhattan Beach, Calif., earned $6.7 million, or 13 cents per share, for the period that ended March 31.
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Check out which companies are making headlines after the bell Wednesday:
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It's an unusual combination: Rising stock market, rising Treasury yields and a firming dollar. Here's what it might mean.
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The jeweler who allegedly made more than $1 million thanks to stock tips from his buddy at KPMG appeared in court today, with CNBC's Jane Wells.
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The jeweler who gave a former KPMG auditor cash, an expensive watch and concert tickets in exchange for inside information about public companies agreed on Monday to plead guilty.
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NEW YORK, May 6- The California jeweler who gave a former KPMG auditor cash, an expensive watch and concert tickets in exchange for inside information about public companies agreed on Monday to plead guilty to one count of conspiracy to commit securities fraud, according to court papers.
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NEW YORK, May 6- The California jeweler who gave a former KPMG auditor cash, an expensive watch and concert tickets in exchange for inside information about public companies pleaded guilty on Monday to one count of conspiracy to commit securities fraud, according to court papers.
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NEW YORK, May 6- The California jeweler who gave a former KPMG auditor cash, merchandise and concert tickets in exchange for inside information about public companies pleaded guilty on Monday to one count of conspiracy to commit securities fraud, according to court papers.
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Bryan Shaw, the jeweler who took tips on Herbalife, Skechers and other companies from his one-time golfing buddy Scott London, agreed to pay at least $1.3 million in restitution and will continue to cooperate with the government as part of a plea deal he struck with federal prosecutors, according to the documents.
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April 30- Herbalife Ltd recently put plans on hold for a debt offering that would have raised cash for stock buybacks following the resignation earlier this month of its auditor KPMG, the company's chief financial officer said on Tuesday.
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April 30- Herbalife Ltd recently put plans on hold for a debt offering that would have raised cash for stock buybacks following the resignation earlier this month of its auditor KPMG, the company's chief financial officer said on Tuesday.
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Herbalife, maker of nutritional and weight loss supplements, said Thursday that two representatives of billionaire investor Carl Icahn will join its board of directors.
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Check out which companies are making headlines after the bell Wednesday:
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Skechers USA has been trending higher, and option traders are bullish ahead of the shoe retailer's earnings report.
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Herbalife has already provided one of the best stock market dramas in years. Now, through no fault of its own, it could become a catalyst for change in the auditing profession. The NYT reports.
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NEW YORK, April 11- As investors Carl Icahn and William Ackman bickered loudly on TV earlier this year about their opposing bets on Herbalife, two other men were discussing the company in a different context: getting non-public information to trade ahead of the stock's next move.
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The global accounting giant fired Scott London, a long-time Los Angeles audit partner, after learning he shared privileged information on audit clients with a golf partner, Bryan Shaw. The SEC charged that information on five companies was shared in a scheme that brought Shaw $1.3 million in illicit trading profits.
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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.
