Appellate court favors whistleblowers, head of New York Global Group is arrested for allegedly manipulating stocks, Apple makes up for unpaid tax to China, the Federal Reserve’s inflation expectations, and the gloomy outlook for U.S. oil production. These compelling stories and more in the CFO roundup..
Business managers are not getting the message about the Federal Reserve’s inflation expectations, says a new study.
The banker allegedly helped Chinese companies arrange reverse mergers and then got them listed on Nasdaq by inflating shareholder numbers.
Docker, Express Scripts, Crocs, CSX, AECOM, Verso, Quaker Chemical, Merrill, Monotype Imaging, Novitex.
>> Joan Urdang
An appellate panel decides in favor of a former finance chief who alleged he was fired for reporting accounting fraud.
The company has performed excellently in recent years, but the success hasn’t come easily.
>> David McCann
An International Energy Agency forecast is the gloomiest for U.S. oil production since crude prices crashed last month.
A New York judge dismisses a suit in which four credit unions challenged city rules allowing Uber to pick up passengers.
The company blames a “difference in interpretation of a tax rule” for the underpayment of taxes in China.
The embattled chipmaker is looking into whether 7% to 8% of second-quarter revenue was improperly recognized.