Mutual Funds

Rep. Linda Sanchez asks FTC to investigate Herbalife

2013-06-14 00:00:00

Rep. Linda T. Sanchez asked regulators to investigate allegations that Herbalife Ltd. operates a well-disguised pyramid scheme that victimizes "our country's most vulnerable populations." The Lakewood Democrat said in a letter to the Federal Trade...

California Rep. Linda Sanchez asks FTC to investigate Herbalife

2013-06-13 12:26:00

A California congresswoman asked the Federal Trade Commission to investigate allegations that Herbalife Ltd. operates a well-disguised pyramid scheme that victimizes “our country’s most vulnerable populations.” Rep. Linda T. Sanchez...

Edward Snowden gone from Hong Kong hotel, whereabouts unknown

2013-06-10 10:25:00

BEIJING -- Edward Snowden, the 29-year-old contractor identified as the source of leaks about the U.S. electronic surveillance program, apparently checked out of his Hong Kong hotel at midday Monday, his destination and whereabouts unknown. "We know...

Hong Kong may not be asylum NSA leaker Edward Snowden hoped for

2013-06-10 06:05:00

BEIJING -- Of all the places in the world for man on the run from the U.S. government, Hong Kong was an unlikely destination for Edward Snowden, the 29-year-old contractor identified as the source of leaks about the U.S. electronic surveillance program....

Likely FBI nominee James Comey seen as levelheaded

2013-05-30 18:57:00

WASHINGTON — Twenty years ago, James B. Comey was a young federal prosecutor in New York trying to put two Gambino brothers away for life. They were charged with murder, selling drugs, money laundering, racketeering — "the whole kitchen sink,"...

Billionaire Bucket List

2013-06-07 09:00:00

If you’re as rich as Carlos Slim, if you live off the interest on your interest, or if starring in this year’s megahit movie has simply exhausted you, these are the world’s ultimate luxury getaways — a champagne bucket list for...

Bondholders spark U.S. legal drama over Argentine debt

2013-05-27 17:47:00

Collection agencies profit by buying up old debt, chasing borrowers for payment and, when all else fails, using the courts to recover as much as they can. It's a business model polished and perfected over decades of litigation. But what if the...

Sale of Sacramento Kings to California investors is a done deal

2013-05-17 13:34:00

Calling it one of the great comebacks in sports, Mayor Kevin Johnson announced on Friday at City Hall that the sale of the Sacramento Kings to a local group of investors has been finalized. The Maloof family is reportedly selling a 65% controlling...

Sony shares jump as hedge fund urges IPO of entertainment unit

2013-05-14 20:45:00

Sony Corp. stock soared in afternoon trading after New York hedge fund Third Point proposed that the electronics and media giant make an initial public stock offering of up to 20% of its entertainment arm. That unit, known as Sony Entertainment Inc.,...

Healthy savings, no debt but worried about retirement

2013-05-18 08:00:00

Call it retirement anxiety, or maybe recession obsession. For all of their married life, Patrick Webster, 63, and Susie Martin, 54, have been extremely frugal. Webster and Martin, who both work at Marymount College in Rancho Palos Verdes, have been...

On eve of Sony meeting, report says company could discuss spinoff

2013-05-21 14:52:00

Sony Corp. is "considering evaluating" a spinoff of its entertainment arm that is being advocated by the hedge fund and Sony shareholder Third Point, according to Japan's Nikkei newspaper. The news comes a day before a much-anticipated Sony corporate...

Fox bets on stars! ESPN eyes Open. Pressure on Sony to split

2013-05-14 05:41:00

After the coffee. Before the ESPN and ABC upfronts. The Skinny: I got through the day without any pizza. Let's see if I can make it two in a row. Tuesday's headlines include Fox's new TV schedule for next season. Also, a hedge fund manager is pressuring...

Ethan Youderian has joined Performance Trust Investment Advisors as its chief investment officer. Youderian will be responsible for the management of PTIA's investment activities and risk oversight, along with new investment product and strategy development.

2013-05-07 11:25:00

Herbalife denies hedge fund manager's allegations that it is a pyramid scheme.

2013-05-03 00:00:00

Hedge fund manager Steven A. Cohen, founder and chairman of SAC Capital Advisors, responds to a question during an interview at a conference in this May 11, 2011, file photo.

2013-03-16 16:06:00