Finance News

YanGuFang International Group Appoints Interim Executives Amidst CEO and CFO Detainment

YanGuFang International Group Appoints Interim Executives Amidst CEO and CFO Detainment

Leadership Shake-up: CEO and CFO of YanGuFang International Group detained by Shanghai Police, prompting interim appointments for stability. Interim Executives:…

January 11, 2024

SAP Settles Over $230 Million in Global Bribery Case

Landmark Settlement: SAP, the German tech giant, agrees to pay over $230 million to settle global bribery allegations. Deferred Prosecution…

January 11, 2024

Boeing Acknowledges Mistake and Promises Action After Alaska Airlines Incident

CEO Dave Calhoun publicly admits Boeing's mistake after a mid-air panel blowout on an Alaska Airlines 737 MAX. Marks the…

January 10, 2024

Fidelity National Financial Confirms Data Breach Impacting 1.3 Million Customers

Fidelity National Financial (FNF) confirms cyberattack, compromising data of 1.3 million customers in November. Attack led to a week-long outage,…

January 10, 2024

Jefferies Financial Group Inc. Reports Sharp Decline in Earnings and Revenue Amid Economic Challenges

Jefferies Financial Group Inc. reports a 49.12% YoY drop in earnings per share ($0.57 to $0.29). Quarterly revenue declines by…

January 9, 2024

Boeing (NYSE: BA) Faces Significant Stock Decline, Dragging Down Dow Jones Industrial Average

Boeing's stock dropped 8.94%, hitting a low of $226.74, the lowest since November 29, ending a two-day gain streak. The…

January 9, 2024

China Evergrande New Energy Vehicle Group (HK:3333) Halts Trading Amid Uncertainty

China Evergrande New Energy Vehicle Group halts shares ahead of an unspecified announcement, leaving investors in suspense. No details provided,…

January 8, 2024

U.S. Manufacturing Faces Prolonged Slump Amid Economic Challenges

Prolonged Slump: U.S. manufacturers face a prolonged slump since mid-2022, marked by a 14-month decline in business activity. Global Impact:…

January 8, 2024

Audacy Files for Chapter 11 Bankruptcy to Reduce Debt by 80%

Chapter 11 Filing: Audacy, a major radio and podcast company, filed for Chapter 11 bankruptcy in Texas to address financial…

January 8, 2024

Berkshire Hathaway and Pilot Company Settle Lawsuit: Resolution Reached in Allegations Against Jimmy Haslam

Berkshire Hathaway and Pilot Company settle Delaware lawsuit over allegations of improper stake inflation by Jimmy Haslam. Settlement terms undisclosed;…

January 8, 2024