Manhattan Beach News
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Herbalife Ltd. hired PricewaterhouseCoopers LP as its new auditor after previous accounting firm KPMG LLP resigned because of alleged insider trading.
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Until April 2011, Patrick “Pete” Dodd, a former money manager at Liberty Life Insurance Co. in Greenville, South Carolina, invested customer premiums in what he calls a “squeaky clean” portfolio: bonds backed by state governments and blue chip corporations.
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KPMG LLP fired the head of its Los Angeles audit practice after learning that he provided inside information to someone who used it to trade stocks.
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Herbalife Ltd. said it isn’t likely to hire an outside auditor before it holds its annual shareholder meeting next week, to replace KPMG LLP which resigned after saying a partner leaked inside information.
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Steven Drobny , who compares the joy of writing to “putting toothpicks in my eyeballs,” said he was obliged to write his second book because he’s worried taxpayers may one day have to bail out pension plans -- and he blames Harvard’s class of ‘69.
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Is the U.S. tax code an instrument of torture? At almost 4 million words, it is 14 times as long as the collected novels of, say, Franz Kafka. It has been changed 4,680 times since 2001 -- more than once a day, according to the IRS Taxpayer Advocate. And it takes taxpayers (individuals and businesses) more than 6 billion hours to complete their filings.
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Skechers U.S.A. Inc. agreed to pay $45 million to resolve U.S. and state allegations it deceived customers into believing its Shape-ups athletic shoes will help them lose weight and strengthen their buttocks and legs.
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The U.S. Postal Service was accused by a political watchdog group of improperly blocking a freedom- of-information request seeking the source of negative campaign mailings in a California school-board recall election.
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With temperatures near freezing and thousands displaced by superstorm Sandy, New York Mayor Michael Bloomberg put a former federal emergency official in charge of the city’s housing response, just as a new storm threatened to bring gale-force winds, rain and coastal flooding.
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Blanche Christerson, an executive in Deutsche Bank AG’s private wealth management division, loves her 85-year-old ailing mother, Hedda Lark, of Manhattan Beach, California, and isn’t ready for her to die. Still, Christerson says, she and her mother are bothered that in discussing Lark’s estate, they wrestle with tax complications that didn’t exist just a year ago.
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