Former Enron chairman Kenneth Lay: short-sellers tend to get a bad press but their defenders point to their exposure of questionable practices at companies like Enron. Photograph: Dave Einsel/Getty Images

Short-sellers profit from market declines, something that has long ensured their unpopularity with politicians, regulators and chief executives. Napol(...)

Stocktake

Correction or not, investors may need to “buckle up for more volatility” following the recent “market rout”, Blackrock recently cautioned. Two (...)

Investor Carl Icahn is known for his strong-arm tactics in US boardrooms. Photograph: Chip East/Reuters

Carl Icahn is not known as a passive investor. One of the original brash corporate raiders of the 1980s, Icahn’s trademark move is to quietly build a (...)

Bill Ackman:  short on Herbalife

Short selling can be a dangerous game, as hedge fund giant Bill Ackman (above) is discovering.Last December, Ackman – a seemingly unpopular man on Wal(...)

A screen displays a recent  Dow Jones Industrial Average. For the last 18 Tuesdays, the average has risen every time

Proinsias O’Mahony THE five-year US bull market is gathering momentum. It’s now over six months since the S&P 500 pulled back by 5 pe(...)

Accountancy giant KPMG is facing a potential investigation over the audit work that gave HBOS a clean bill of health in the run-up to its collapse. Photograph: Sean Dempsey/PA Wire

Accountancy giant KPMG is facing a potential investigation in the UK over the audit work that gave HBOS a clean bill of health in the run-(...)

Traders work at the post that trades Herbalife stock on the floor of the New York Stock Exchange. KPMG resigned as the auditor of Herbalife Ltd after one of its senior partners engaged in insider trading in Herbalife stock. Photograph: Brendan McDermid/Reuters

KPMG has had to resign as auditor to two US companies after accusing one of its former partners of passing confidential information about its c(...)