Business

Business briefs

Kpmg caper

Bryan Shaw, the owner of a Los Angeles jewelry store. pleaded guilty to receiving insider information about KPMG clients provided by Scott London, a senior partner at the firm. Shaw agreed to pay $1.3 million and will be sentenced on Sept. 16.

We are TiVo!

TiVo, the developer of digital-video recorders, posted a narrower Q1 loss after signing new pay-TV subscribers. The net loss of $10.3 million, or 9 cents a share, compared with a loss of $20.8 million, or 17 cents, a year earlier.

Courtin’

The US Supreme Court agreed to decide whether the 2002 Sarbanes-Oxley law’s whistle-blower protections cover the employees of a publicly traded entity’s contractors.

Avon hire

Avon has brought in former Tupperware executive Pablo Munoz to lead its North American operations.

Fab funds

Online design retailer Fab is in advanced talks to raise $250 million to $300 million in venture capital in a deal that would value the company at $1 billion, said people familiar with the matter.