Companies that experience unexpected increases in warranty payments have lower firm value than those that do not offer warranties.
The settlement resolves the class-action claims of truck owners who alleged Navistar failed to disclose a defect in engine exhaust-treatment systems.
The SEC says the company misled investors about its efforts to show compliance with emission standards.
The truck and engine maker also says the SEC may be close to bringing an enforcement action over a disclosure issue.
Did the engine manufacturer mislead investors? The SEC wants a court to order the company to turn documents over to investigators.
While the truck maker's director of corporate finance says its turnaround is progressing, analysts say the $12 billion company's liquidity is &doublequot;tight.&doublequot;
This year’s downgrading of bonds issued by big banks will drive up plan liabilities and may catch sponsors off guard.
Manufacturers pick up the pace amid predictions of a U.S. resurgence.
