Search results
Results from the WOW.Com Content Network
In June 2012, the SEC charged investment management company OppenheimerFunds and its sales and distribution arm with making misleading statements about two of its mutual funds struggling in the midst of the financial crisis, including the fund's practice of assuming substantial leverage in using derivative instruments. [89]
TGI Fridays said in a statement that fallout from the Covid-19 pandemic was the “primary driver of our financial challenges” and that it will use the process to “explore strategic ...
(Think of it like a publicly traded company being late in filing its annual report with the SEC.) That's the first time a company's been dropped by its financing manager since the 2008 financial ...
What’s happening: The 200 largest publicly traded companies in the United States saw their combined net profits soar to $1.25 trillion in 2022, a gain of 63% from 2018.
After struggling to maintain business levels at its brand names Karstadt and KaDeWe, Arcandor sought help from the German government, and then filed for insolvency. Hypo Real Estate: Germany: 5 October 2009: Banking: Depfa, one of the companies subsidiaries ran into liquidity problems in 2008 as a result of the financial crisis.
Keeping "two sets of books" does not always refer to an illegal practice. Publicly-traded companies might maintain two sets of accounting records while still abiding by the Financial Accounting Standards Board (FASB) rules for preparing financial statements and the Internal Revenue Code when preparing tax returns.
The number of U.S. publicly traded companies has been falling for years; the recent total was only about 3,700. So PE firms are digging deeper for portfolio company CEOs, often hiring away ...
The Sarbanes–Oxley Act of 2002 is a United States federal law that mandates certain practices in financial record keeping and reporting for corporations.The act, Pub. L. 107–204 (text), 116 Stat. 745, enacted July 30, 2002, also known as the "Public Company Accounting Reform and Investor Protection Act" (in the Senate) and "Corporate and Auditing Accountability, Responsibility, and ...