Three Former Manitex Execs Charged With Fraud
Former CFO Michael Schneider and two colleagues allegedly engaged in schemes that resulted in the crane maker’s revenue and profit being overstated.
Banks Wary of Fed’s Main Street Loan Program
Loan officers cited the financial condition of borrowers and overly restrictive terms for not approving loans under the key pandemic relief plan.
Kroll Fined $2M for Violating Credit-Rating Rules
The SEC says Kroll failed to comply with rules for determining the ratings of commercial mortgage-backed securities and CLO Combo Notes.
Ransomware Hackers Hit UHS Hospital Chain
The attack on Universal Health Services left doctors and nurses scrambling to render care, with computers replaced by pen and paper.
Ex-Amazon Employee Accused of Insider Trading
The manager in Amazon's tax department allegedly made illegal trades with two family members ahead of the company's earnings announcements.
Interface, ex-CFO Fined $5M for Inflating Earnings
The SEC says the carpet maker adjusted its accounting when its forecasts indicated it would likely fall far short of analysts' earnings estimates.
Biotech Exec Charged With COVID Test Fraud
The SEC says Arrayit President Mark Schena falsely claimed the company had developed a test and it was awaiting emergency FDA approval.
Costco Posts 11.4% Same-Store Sales Increase
The big-box retailer continued to benefit from shoppers stocking up on everything from food to patio furniture.
Power Solutions Fined for Accounting Fraud
The engine maker's former CEO and two other executives allegedly orchestrated transactions to inflate the company's revenue by almost $25 million.
Scripps Goes National With ION Media Buy
The $2.65 billion deal will “transform” Scripps, roughly doubling its TV station footprint and supercharging distribution of its programming.
SEC Drops Proposed Whistleblower Award Rule
The commission recognized “the importance of paying awards to whistleblowers and the invaluable contributions whistleblowers make to protecting investors."