News

Sustainability

Biden Orders Federal Carbon-Free Push

The White House plan sets a 2050 target date for the federal government to be carbon-neutral, with an all-electric vehicle fleet by 2035.

Matthew Heller
December 8, 2021
IPOs

Intel to Take Self-Driving Car Unit Public

The planned listing of Mobileye is Intel's latest move to revive its fortunes as its stock lags behind rivals such as AMD and Nvidia.
Fraud

American Renal Execs Charged With Manipulating Revenue

The SEC says the dialysis provider improperly recognized “topside” adjustments in revenue to hit targets for two key financial metrics.
People

Lyft CFO Takes Crypto Plunge Into OpenSea

Brian Roberts's move takes him from a big tech to an NFT marketplace that saw almost $1.9 billion in transaction volume over the past 30 days.
Fraud

Pharma CFO Charged With Insider Trading

Usama Malik allegedly gave nonpublic information about an Immunomedics drug to his then-girlfriend while he was the firm's CFO.
IPOs

Grab Shares Slump After Mega-SPAC Merger

"We hope that our entrance into the global public market will help bring greater attention to the tremendous opportunity" in Southeast Asia.
Accounting

WeWork to Restate Due to Accounting Error

The error relates to the classification of shares that were issued when WeWork's SPAC acquirer went public.
Auditing

SEC Finalizes Rules on Chinese Issuers

The commission will use the rules to apply a law that allows it to delist issuers for failing to open their books to the PCAOB.
People

JPMorgan’s Youngwood Named CFO of UBS

Sarah Youngwood's move to the Swiss bank UBS is “a rare female appointment in the highest echelons of European banking.”
Social Media

U.K. Regulator Orders Facebook to Sell Giphy

"We are protecting millions of social media users and promoting competition and innovation in digital advertising."
Credit

Bank Profits Fall 1.2% to $69.5B in Q3

The dip in net income reflected a slowdown in the lowering of banks' loan loss provisions to negative $5.2 billion.
The Cloud

HashiCorp IPO Could Value Startup at $13B

The cloud infrastructure provider "is poised to capitalize on a booming IPO market that’s putting a premium on high-growth software companies."
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