Pasi M. Hamalainen, a Finnish native who took early retirement as a managing director at Pacific Investment Management Co. to raise his son and race Bugattis before joining Capital Group Cos., has died. He was 46.
Herbalife Ltd., the nutrition company that hedge fund manager Bill Ackman has accused of being a pyramid scheme, fell the most in a year after a U.S. senator called for a probe into the company’s operations.
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.
Qualcomm Inc., the most cash-rich semiconductor company, was told by a federal jury to pay $173 million to money-losing ParkerVision Inc. for infringing wireless-network patents used in smartphones. ParkerVision plunged.
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.
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.
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.