May 1, 2013 |
Herbalife Ltd. said it had to scale back plans to repurchase its shares after KPMG resigned in early April as its auditor and withdrew its review of the company's annual financial statements for the last three years. The Los Angeles nutritional products company canceled plans to borrow money that "would have been used to repurchase a meaningful amount of company stock," John DeSimone, Herbalife chief financial officer, told analysts Tuesday in a conference call. KPMG withdrew its approval of Herbalife's 2010, 2011 and 2012 financial statements after the accounting giant accused a senior partner of insider trading in the shares of Herbalife, footwear maker Skechers USA Inc. and other companies.
April 30, 2013 |
We have a major difference of opinion. And I understand why you are wrong. You began the season thinking, and being told by the media, the Lakers were going to be great because they had so much talent. You didn't get it in the first five games, so Mike Brown was dismissed as coach. Then you heard they were talking to Phil Jackson only to hear Mike D'Antoni announced as new coach. You're not used to being so disappointed by Lakers management. You might have to adjust your thinking.
April 28, 2013 |
His exit from the Lakers' season was as regal as his entrance, Dwight Howard surrounded by screams and gasps as he swaggered through the Staples Center tunnel into the shadows of summer. Problem was, the season wasn't done. The game wasn't finished. There were still 9 minutes 51 seconds remaining in the third quarter. There were still thousands of fans in the stands and the last trudging steps of a difficult journey to be completed. When his team needed his leadership most Sunday, Howard's mouth earned him a second technical foul and ejection from a loss that swept the Lakers out of the playoffs, a 103-82 defeat to the San Antonio Spurs.
April 24, 2013 |
Time never seems to run out on Chris Paul. Seven, six, five … He takes a pass from Jamal Crawford about five feet from half court and surveys the floor in front of him, the Clippers needing a basket with the score tied in the final seconds of Monday's playoff game against the Memphis Grizzlies. Four, three … He dribbles around Tony Allen and pauses once, then again, before continuing toward the basket. Two, one … He whirls past Allen, creating separation with a left forearm to the midsection, before elevating for a one-handed leaning jumper that banks off the glass and through the net with 0.1 of a second left.
April 23, 2013 |
BEIRUT - Security forces for the Shiite-led Iraqi government raided a Sunni protest camp in northern Iraq on Tuesday, igniting violence around the country that left at least 36 people dead. The unrest led two Sunni officials to resign from the government and risked pushing the country's Sunni provinces into an open revolt against Prime Minister Nouri Maliki, a Shiite. The situation looked to be the gravest moment for Iraq since the last U.S. combat troops left in December 2011. The violence Tuesday started in the Sunni town of Hawija, where shooting erupted during the raid.
April 21, 2013 |
CAIRO - Egypt's besieged justice minister has submitted his resignation after protests over the weekend by Islamists, who want to purge the courts of judges and lawyers perceived as political enemies of President Mohamed Morsi. Justice Minister Ahmed Mekki, who has wanted to quit his post for months, offered his latest resignation amid anger at the inability of Morsi's government to revive the nation's economy and ease political divisions. Morsi announced Saturday that he would soon reshuffle his Cabinet.