Under Armour Accounting Issues

Under Armour Shares Plunge

Under Armour's accounting practices are under investigation in the United States, heaping pressure on the struggling company as it seeks to reverse years of lackluster sales. The sportswear maker acknowledged in a statement Sunday that it faces probes from the US Department of Justice and the US Securities and Exchange Commission...

By | November, 5, 2019|Categories: Articles, Featured|Tags: , , , , , |0 Comments

American Express Playing With FX

FBI Investigating AmEx

The Federal Bureau of Investigation has launched a probe into pricing practices within American Express Co.’s foreign-exchange unit. The investigation is in its early stages and is focused on whether the foreign-exchange international payments department misrepresented pricing to clients in order to win their business...

By | September, 6, 2018|Categories: Articles, Featured|Tags: , , , , , |0 Comments

GENERAL ELECTRIC’S STRUGGLES CONTINUE

More Bad News

General Electric Co. said securities regulators have opened a probe into the company’s accounting practices, a new challenge to the conglomerate’s efforts to untangle its problems and turn around its struggling business. The Securities and Exchange Commission is investigating how the company recognized revenue from long-term service contracts...

By | January, 25, 2018|Categories: Articles, Featured|Tags: , , , , , |0 Comments