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Wirecard Scandal Puts Spotlight on Auditor Ernst & Young Ernst & Young GmbH, auditor to insolvent German fintech company Wirecard AG , had questions related to unorthodox arrangements under which the company's cash was held in bank accounts it didn't control as far back as 2016, according to emails seen by ...
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The Facebook ad boycotts have entered the big leagues. Now what? An advertiser boycott of Facebook is gaining steam, now counting Verizon and Unilever among its participants. Coca-Cola also said it would be pausing advertising. Analysts say these advertisers have the potential to influence more companies to join the ...
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The Fed Just Released Bank Stress Test Results: Here's What You Should Know The Federal Reserve on Thursday released the initial results of its annual bank stress tests, in which it puts bank holding companies through various adverse economic scenarios to see if their regulatory capital can withstand severe hypothetical downturns.
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ECB's German Board Member Pushes Back on Court Challenge FRANKFURT — The European Central Bank's government bond purchases are necessary and the benefits far outweigh the side effects, ECB board member Isabel Schnabel said on Saturday, pushing back on a court challenge from her native Germany.
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Lordstown Endurance electric pickup: A premiere, a political rally, and a pushback to summer 2021 The eagerly anticipated premiere event for the Lordstown Endurance electric pickup prototype held Thursday revealed very little new information about the product. Instead, the event included an aspect that Silicon Valley—or Detroit, usually—likes to keep out ...
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Nikola is a social investing home run for Jeff Ubben as he launches new fund Business: The company specializes in battery-electric and hydrogen trucks and powersports vehicles. It is seeking to provide zero-emissions transportation and infrastructure solutions. Its potential product lineup includes battery-electric and hydrogen-electric ...
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Tencent Moves Into Video Streaming In Malaysia And Launches A Twitch Competitor In The US Tencent, the huge Chinese-based, worldwide gaming (Riot, Supercell) and messenger/social media (WeChat) digital company has undertaken new initiatives in the important, growing area of digital video. Tencent recently announced their purchase of a ...
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Albertsons debuts as public company in $800 million IPO Albertsons Cos. today made its debut as a public company, with shares trading on the New York Stock Exchange (NYSE) under the "ACI" ticker symbol. Boise, Idaho-based Albertsons said late yesterday that its initial public offering (IPO) priced at $16 per ...
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India Bets Oil Demand Will Recover Fast From Lockdown Shock India, the third-biggest oil consumer, expects fuel demand to return to normal earlier than projections by the International Energy Agency and OPEC. "If you look at the trend of the past few weeks, I'm confident that by the end of second quarter, demand will be ...
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CoreLogic Confirms Receipt of Unsolicited Acquisition Proposal from Cannae Holdings and Senator Investment Group IRVINE, Calif.--(BUSINESS WIRE)--Jun 26, 2020--. CoreLogic Inc. (NYSE: CLGX) today confirmed that it received this morning an unsolicited proposal from Cannae Holdings and Senator Investment Group to acquire all outstanding common shares of ...
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Mass. Whole Foods Workers Told They Can't Wear BLM Face Masks More than a dozen workers at a Massachusetts Whole Foods Market say they were sent home for showing support for Black Lives Matter. Seven workers at the store on River Street in Cambridge were sent home Wednesday for wearing "Black Lives Matter" ...
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Some ransacked Walmart stores will reopen by end of July All Chicago Walmart stores will reopen, most within about a month, the company announced Friday. All but one of the stores had been ransacked and severely damaged during civil unrest triggered by the police killing of George Floyd in Minneapolis.
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Dixie Beer is getting a name change NEW ORLEANS — New Orleans Saints and Pelicans owner Gayle Benson announced Friday that the process to change the name of Dixie Brewing is now underway. "With inclusive input from all of our community stakeholders, we are preparing to change ...
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Housing help offered; options are available MARQUETTE — With June being American Housing Month, the Michigan Department of Insurance and Financial Services is raising awareness about ways Michiganders can protect their homes through lender programs for those impacted by COVID-19 and ...
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FTC approves merger of Caesars Entertainment and Eldorado Resorts LAS VEGAS (KSNV) — On Friday, Caesars Entertainment Corporation announced that the FTC has concluded its review of the company's merger with Eldorado Resorts, Inc. The FTC's approval marks a significant step forward for the two companies to ...
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Infosys helping clients deal with covid- 19 challenge: Nandan Nilekani Infosys Chairman Nandan Nilekani said the IT services company has pivoted its resources to the new needs of clients and strengthened its expertise in cloud, workplace transformation, and smart automation to be able to help them accelerate and scale their ...
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NTPC Q4 results: Profit falls 71% to Rs 1252 crore; co announces dividend of Rs 2.65 per share NEW DELHI: State-run NTPC on Saturday reported a 71.2 per cent year-on-year (YoY) plunge in standalone net profit for the March quarter at Rs 1,252.44 crore. The power company had reported Rs 4,350.32 crore profit in the same quarter last year. Profit fell ...
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United Food and Commercial Workers International Union calls for changes by governor SAN ANTONIO- America's largest food and retail union is calling for Governor Abbott to enact three policies. The United Food and Commercial Workers International Union wants the governor to reinstate hazard pay at $15 an hour for all front line workers, ...
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Watch Rivian's R1T Electric Truck Prove Itself Off-Road The virus we're all very much over hearing about may have killed Rivian's tie-up with Lincoln, but its own electric vehicle aspirations remain—if a little behind schedule. Indeed, testing of the electric R1T pickup truck carries on in Arizona, where Rivian has ...
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Bentley builds its last Mulsanne Production of Bentley's Mulsanne at the automaker's plant in Crewe, United Kingdom, came to an end this week. It marks the end of a decade-long run for the Mulsanne, as well as the end of the 61-year production run for the L-series V-8 whose last duty was ...
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2 bars, 1 grocery store in Sacramento close after learning recent customer test positive for coronavirus SACRAMENTO, Calif. — Three Sacramento area businesses -- two bars and a grocery store -- temporarily shut their doors on Friday after learning someone inside their establishment recently tested positive for coronavirus. The Depot, Badlands, and Corti ...
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3 casinos set to reopen, schools get reopening guidelines, an AC basketball court has a new look and more Bally's, Caesars, Harrah's to reopen July 3: Bally's Atlantic City, Caesars Atlantic City and Harrah's Resort Atlantic City will reopen to the public one day after the state is permitting casinos to resume on-site business. N.J. releases flexible guidance for schools ...
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