News

Cybersecurity

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.

Matthew Heller
September 29, 2020
Fraud

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.
Legal

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.
Fraud

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.
Technology

Ant Group Launches Cross-Border Trade Platform

"We look forward to making cross-border trading safer, more reliable, and more efficient for buyers and sellers."
Fraud

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.
Strategy

Harley-Davidson Exits India Market

As part of a restructuring, the company said it was closing its plant in Bawal, Haryana.
Costco
Financial Performance

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.
M&A

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.
Regulation

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."
Capital Markets

CME, Nasdaq to Offer Water Futures

The contracts would be tied to prices in California.
Financial Performance

General Mills Sales Rise on At-Home Food Demand

The cereal maker's Q1 results were "highlighted by broad-based market share gains amid elevated at-home food demand due to the COVID-19 pandemic."
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