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Wednesday, April 10, 2013

Takeover Digest-New York Times business news - April 10, (NYSE: HLF), (NYSE: SKX)

The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * KPMG resigned as auditor for Herbalife Ltd and Skechers USA Inc and withdrew audit reports after a KPMG employee was found to have given information on clients to a third party. ()* President Obama announced three nominations to the National Labor Relations Board on Tuesday to complete a package of five nominees - three Democrats and two Republicans - that the administration hopes Senate Republicans will approve to end the board's unusual limbo. ()

Herbalife Ltd. is a global network marketing company that sells weight management, nutritional supplements, energy, sports and fitness products and personal care products through a network of approximately 2. Shares of HLF fell by 3.75% or $-1.44/share to $36.95. In the past year, the shares have traded as low as $24.24 and as high as $73.00. On average, 6452240 shares of HLF exchange hands on a given day and today's volume is recorded at 5880188.

Skechers U.S.A., Inc. (Skechers) designs and markets Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women under several lines. Shares of SKX traded higher by 1.86% or $0.4/share to $21.91. In the past year, the shares have traded as low as $12.73 and as high as $22.61. On average, 538310 shares of SKX exchange hands on a given day and today's volume is recorded at 748586.



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