KPMG, the giant accounting firm, agrees to pay $50 million to settle Securities and Exchange Commission accusations that employees cheated on internal training exams and altered past audit work based on stolen information.
Facebook is fomenting optimism on its blockchain bets, despite traditional cryptocurrency criticism.
Chewy is challenging strong criticism with its disparate dual-class structure.
Chipmaker Skyworks Solutions is the latest victim of the Trump administration's blacklisting of Chinese telecommunications giant Huawei, announcing lower guidance due to an expected drop in sales.
The Financial Stability Oversight Council, a panel of top U.S. regulators charged with preventing future financial crises, met Thursday to discuss the past decade's surge in corporate borrowing, much of it by companies with junk-grade credit rating. An economic downturn likely would bring a wave of credit-rating downgrades and debt defaults that could ripple across markets.
Potential buyers are prepping bids for prepaid wireless brand Boost Mobile in an upcoming sale valuing the offshoot of U.S. wireless carriers T-Mobile US and Sprint at up to $3 billion, Reuters reports.
Together, the two companies could sell 8.7 million vehicles annually -- surpassing the output of General Motors, which through 2018 sold 8.4 million vehicles globally.