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Skechers gets new auditor after insider-trading allegations
Skechers USA Inc. appointed a new auditor Wednesday to replace its former accounting firm, KPMG, which was rocked by an insider trading scandal and resigned earlier this month. The Manhattan Beach shoe maker’s board of directors named BDO USA as...
Tags: Economy, Business and Finance, Finance, KPMG, Business Enterprises, Scott London
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Former Office Depot exec pays $30K to settle insider trading charges
A former Office Depot president and chief operating officer is paying the U.S. Securities and Exchange Commission more than $30,000 to settle insider trading charges without admitting guilt. Mark D. Begelman, 65, of Delray Beach abused his membership...Tags: BankAtlantic Bancorp Incorporated, B F C Financial Corporation, Business Enterprises, Companies and Corporations, Office Depot Inc.
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Repeal of insider trading ban frees top officials to line their pockets again
Congress passed the Stop Trading on Congressional Knowledge (STOCK) Act in 2012 in response to the public outcry over members' self-serving insider trading scandal last year. As with most laws, what is a crime for citizens was not illegal or unethical for...
Tags: Randallstown, Politics, U.S. Congress
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EDITORIAL: Making a mockery of the STOCK act
The Salem NewsTaking the approach that no good deed or idea should go unpunished, Congress has stripped down an already-stripped-down law aimed at limiting those with political clout from enriching themselves through insider trading. Last year, Minnesota...Tags: Finance, Politics, Lawyers, Barack Obama, Laws
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PRESS DIGEST-Canada-April 23
ReutersApril 23 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL * A tip from a Toronto imam sparked an investigation that...Tags: Economy, Business and Finance, Finance, Toronto (Canada), Gay Pride San Diego, Boeing Co.
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KPMG chairman says campaign against auditor anonymity misleading
ReutersSHANGHAI (Reuters) - Renewed calls by U.S. regulators for those who sign off on audit reports to be publicly named, sparked by an insider trading scandal at KPMG, will do little to restore investor confidence, the audit firm's chairman said on Tuesday....Tags: KPMG, Business Enterprises, Scott London, U.S. Securities and Exchange Commission
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Former Office Depot executive fined by SEC for insider trade
ReutersWASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said on Monday that it had fined Mark Begelman, a former head of Office Depot, for insider trading after he heard news of an imminent merger. Begelman, who was president and chief...Tags: B F C Financial Corporation, Business Enterprises, Companies and Corporations, Office Equipment and Supplies, Office Depot Inc.
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Profits crater for equipment maker Caterpillar as mining slumps
Heavy-equipment maker Caterpillar Inc. reported a 45% drop in first-quarter profit and cut its full-year outlook amid a slowdown in its mining business. The Peoria, Ill., company said mining companies continue to reduce their spending and new...
Tags: Media Industry, Caterpillar Inc., Mining, Metal and Mineral
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Venture-capital funding drops sharply in Southern California
Southern California is a hotbed of young and innovative companies, but you wouldn’t know it by following the money. Venture-capital funding, the lifeblood of start-ups, has fallen sharply in the region so far this year, according to a report...
Tags: Economy, Business and Finance, Finance
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Apple shares tumble as stocks fall for second day in last three
The stock market endured its second broad decline in three days, as investors fretted about weak earnings in the U.S. and deepening economic stagnation in Europe. Companies ranging from Apple Inc. to Bank of America Corp. were battered as investors fled...
Tags: Apple Inc., Financial Markets, Stock Market, Bank of America Corp., European Debt Crisis
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Letters: Numbers don't tell the full story about fraud
Re "Ex-KPMG accountant is charged," Business, April 12 For the 25 years I ran the California Community Foundation, KPMG was our auditing firm. For 10 of those years, our auditor was Scott London, the former KPMG auditor accused of fraud. I knew London...Tags: KPMG, Scott London, Accounting and Auditing, Trials, Countrywide Financial Corp.
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Ex-KPMG auditor Scott London is charged
Prosecutors filed a criminal charge against disgraced former KPMG partner Scott London, saying he gave a stock-trading friend inside information about his firm's clients in exchange for cash, jewelry and expensive dinners. The criminal case filed...
Tags: Finance, Lawyers, Starbucks Corp., Bruce Springsteen, Herbalife Limited
Apr 24, 2013
|Story| Los Angeles Times
Apr 23, 2013
|Story| South Florida Sun-Sentinel
Apr 24, 2013
|Story| Baltimore Sun
Apr 23, 2013
|Story| McClatchy-Tribune
Apr 23, 2013
|Story| Reuters
Apr 23, 2013
|Story| Reuters
Apr 22, 2013
|Story| Reuters
Apr 22, 2013
|Story| Los Angeles Times
Apr 18, 2013
|Story| Los Angeles Times
Apr 17, 2013
|Story| Los Angeles Times
Apr 16, 2013
|Story| Los Angeles Times
Apr 11, 2013
|Story| Los Angeles Times
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