KPMG has withdrawn as auditor of Herbalife and Skechers USA after the accounting firm revealed that one of its partners may have sold inside information on the companies to a third-party stock trader.
Nutrient-supplement seller Herbalife briefly halted activity in its shares after the revelation, only reopening trading Tuesday afternoon. The company's stock was down 21 cents at $38.18 Tuesday. The broader market was mixed.
Goldman Sachs on Monday downgraded BlackBerry after a disappointing launch for the company's new smartphone, the Z10.
The Wall Street Journal reports that Goldman slashed its investment rating on the Canada-based company — formerly known as Research in Motion, or RIM — to neutral from buy, citing weak support for the new product.