After stratospheric rise, a phantom social network’s shares nose dive
The good news for Cynk Technology is that the supposed social network’s shares resumed trading on Friday after a 10-day suspension by U.S. regulators.The bad news for Cynk: it’s shares plummeted 85%....
View ArticleHertz delays quarterly earnings as it undergoes accounting review
Hertz Global Holdings has warned it will delay the filing of its second-quarter results, as the car-rental company continues to work through an accounting review that found errors in three years of...
View ArticleIsn’t one Internet enough?
The late linguistics and political columnist William Safire used to write delightfully about retronyms--words or expressions that change because newer versions of the object or concept they describe...
View ArticleIs the SEC being too soft on Affiliated Computer Services?
One of the main jobs of the U.S. Securities and Exchange Commission is to crack down on accounting fraud at public companies, but a commissioner recently questioned if the agency is living up to its...
View ArticleSEC hands out $30 million in largest-ever whistleblower award
The U.S. Securities and Exchange Commission announced the largest-ever award to result from a whistleblower program that went into effect three years ago. The government will fork over more than $30...
View ArticlePre-IPO tech stock sales investigated by regulators
A new investigation launched by U.S. securities regulators is looking into the sale of private technology stocks to determine if certain hedge funds and other investors are improperly trading those...
View ArticleThe big flaw in the SEC’s CEO pay-ratio rule
Five years after it became law, the Securities and Exchange Commission has finally adopted a rule requiring public companies to disclose their CEO's pay as a ratio of the median compensation of average...
View ArticleThis Hedge Fund Recently Bought $1.1 Billion of Apple Stock
Tiger Global Management apparently stocked up on new holdings in the final quarter of 2015, including major new stakes in Apple and Priceline. The tech-heavy hedge fund run by Chase Coleman reported...
View ArticleTesla Gets $300 Million Credit Line From Deutsche Bank
Tesla can borrow up to $300 million for its vehicle leasing program through an agreement with Deutsche Bank as part of a broader effort to bolster the company’s finances. In a filing with the U.S....
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