Regulation

Regulation

Nvidia Purchase Of Arm Faces U.K. Scrutiny

Arm CEO Hermann Hauser criticized the sale to Nvidia and termed it a disaster for Cambridge, the United Kingdom, and Europe.

Source: Benzinga
September 22, 2020
Auditing

Deloitte Fined Record $19M Over Audit Failures

A U.K. investigation found the Big Four firm liable for “serious and serial failures” in its audits of software firm Autonomy.
Regulation

Kodak’s $765M Loan Deal Under Review

The company’s government loan to manufacture drug ingredients is under investigation by the agency that approved the deal.
Regulation

Smithfield Fined for Failing to Protect Workers from COVID-19

Nearly 1,300 Smithfield workers contracted coronavirus, and four employees died from the virus in the spring.
Auditing

PCAOB to Consider Revising Audit Evidence Rule

The board will assess whether it should change its standard to reflect the growing use of technology-based auditing tools.
Analytics

Apple, Google, Dropbox Face Italy Antitrust Probes

Italy’s competition authority is looking into the companies’ cloud storage services after complaints about allegedly unfair commercial practices.
Regulation

GSX Techdu Shares Fall Amid SEC Probe

The China-based online education company is being probed for allegedly inflating sales.
Disclosure

CFTC Urges Changes to Climate Risk Disclosure

Current rules have "not resulted in disclosures of a scope, breadth, and quality to be sufficiently useful to market participants and regulators."
Legal

Herbalife Fined $123M Over China Bribe Scheme

U.S. authorities say the company paid off Chinese governmental officials to win favorable treatment in one of its largest markets.
Regulation

Postal Service’s $522M in Overtime Costs Questioned

Forty-two percent of the Postal Service’s 633,108 employees had unauthorized overtime in fiscal 2019.
Regulation

BorgWarner Fined Over Asbestos Claim Reporting

The SEC says the company concluded its future asbestos liabilities were not reasonably estimable despite having decades of raw claims data.
Capital Markets

SEC Expands Investor Pool for Private Offerings

Under a new test, financially sophisticated investors will be able to participate in private placements even if they do not meet wealth thresholds.
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