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KPMG Partner May Have Traded Inside Information
KPMG withdraws as accountant for nutrient-supplement supplier Herbalife and footwear maker Skechers USA after the companies say one of the auditor's partners may have traded in confidential information on the two companies.
Prosecutors Raid HSBC's Geneva Office Over Suspected Money Laundering
The raid comes a week after leaked HSBC documents showed that the bank's Swiss unit had helped its international clients launder profits and shelter their holdings from their home countries.
Founder Of Indian IT Giant Satyam Gets 7 Years For Fraud
B. Ramalinga Raju, the founder of the computer services company that collapsed in 2009, and two of his brothers were among those convicted of defrauding shareholders.
Wells Fargo CEO Quits In Wake Of Consumer Financial Scandals
Wells Fargo announced Thursday that CEO and President Tim Sloan will step down immediately. The company's general counsel Allen Parker was elected to run the company until a new CEO is selected.
The U.S. government underestimated the cost of the student loan program by billions
The Education Department originally thought the student loan program would make money — instead, it's losing it. That's according to a new report from the U.S. Government Accountability Office.
Morning news brief
Turkey's president has agreed to withdraw his objection to Sweden joining NATO. Protests resume in Israel over a planned judicial overhaul. Heavy rain causes flash floods in the Northeast.
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10:54
Sales of body armor are on the rise. Who's buying and why?
Sellers of body armor are reporting an increase in business due in part to several high-profile mass shootings, police shootings and civil unrest during the pandemic.
A court upheld the firing of 2 LAPD officers who ignored a robbery to play Pokémon Go
A California court denied the appeal of Louis Lozano and Eric Mitchell, who were fired from the Los Angeles Police Department after the 2017 incident. Their lawyer says they're evaluating next steps.
U.S. Parents Are Sweating And Hustling To Pay For Child Care
Kids may be little. But the cost of paying for someone to take care of them is really big. Stressed-out parents are pinching pennies, driving for Uber and putting off saving and having more kids.
Supreme Court watchers say politicization of court has eroded trust
The Supreme Court has ended the 2023 term. Some court watchers feel that the rulings of the conservative majority have strayed too far into partisan politics.
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