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

Tesla Finds Trouble Again

SEC Sues Elon Musk for Fraud

Elon Musk, Tesla’s chief executive, was accused by federal regulators on Thursday of misleading investors with false public statements, a move that could force him out of the company’s leadership. At issue is Mr. Musk’s declaration on Twitter last month that he had “funding secured” to buy out the stock of the electric-car maker...

By | September, 28, 2018|Categories: Articles, Featured|Tags: , , , , , , , |0 Comments

Justice Department Looks Under the Hood

In Musk We Trust?

Tesla Inc. on Tuesday said the Justice Department has opened an investigation into the company following Chief Executive Elon Musk’s surprise tweet in August that he had secured funding to possibly take the electric-car maker private...

By | September, 19, 2018|Categories: Articles, Featured|Tags: , , , , , , , , , |0 Comments

Tesla Troubles?

SEC Looking at Musk

U.S. regulators are asking Tesla Inc. whether Chief Executive Elon Musk was truthful when he tweeted that he had secured funding for what would be the largest-ever corporate buyout, people familiar with the matter said. Officials at the Securities and Exchange Commission want to know whether Mr. Musk had a factual basis for tweeting Tuesday that the going-private transaction was all but certain...

By | August, 9, 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