News

Auditing

KPMG Withdraws Two Audits for CannTrust

The Canadian cannabis company is embroiled in a scandal over an unlicensed grow facility.
M&A

Broadcom Buys Symantec’s Enterprise Security Business for $10.7B

The deal comes less than a month after a full merger fell apart over price disagreements.
Financial Performance

Uber Posts Record Loss, Sales Growth Slows

“What’s sapping investor confidence ... is the absence of a clear path to grow revenue and cut costs,” an analyst says.
Technology

Salesforce to Buy Field Service Software Firm

The $1.35 billion acquisition of Israel's ClickSoftware adds to Salesforce's offerings for mobile workforces.
Compensation

Pay Increases to Remain Flat in 2020: Study

Employers are setting aside more for discretionary bonuses to top performers.
Financial Performance

Lower-Than-Expected Loss Cheers Lyft Investors

“We are trying to drive profitable growth, not growth at all costs," CFO Brian Roberts says.
Ethics

IFF Discloses ‘Improper Payments’ by Israel Unit

The flavorings giant says its investigation indicates senior officials of Frutarom were aware of the payments to customers in Russia and Ukraine.
M&A

Nike Buys Predictive Demand Company Celect

The deal is part of the company’s push to emphasize direct-to-consumer sales.
Financial Performance

Disney Profit Falls on Weak Results From Fox

The results from the Fox movie studio were “well below” what Disney hoped for “when we made the acquisition,” CEO Bob Iger says.
M&A

Cars.com Dashes Hopes of Sale, Shares Tank

The online auto marketplace received interest from 29 prospective buyers but "no actionable options for a sale of the company."
Technology

IT Outsourcing at a Five-Year High

Almost 34% of companies now outsource at least some of their network operations.
Bankruptcy

Barneys New York Files for Bankruptcy; Closing Most Stores

The luxury department store chain has faced rising rents and unsuccessful attempts to find a buyer.
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