Makers of mattresses are cutting costs and delaying product launches amid falling demand for big-ticket items, marking a reversal for a sector that benefited from increased home-improvement spending early in the pandemic.
The protracted pullout has put Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers in the awkward position of condemning Russia’s invasion of Ukraine but still working for Russian companies, many of them state-owned.35
The packaged foods company said it has increased prices on various products nearly every month over the past year.
Shares of the online used-car dealer are down 20% in the past two days and nearly 80% since their peak last summer as investors digested the company’s latest earnings report.
The online used-car retailer posted a first-quarter loss of $260 million as its sales took a hit from disruptions in its operations and tougher economic conditions.
The insurer uses new reporting tools that do away with spreadsheets.
Issuance of debt backed by consumer and commercial loans dropped 45% in the first quarter, data show.
Auditors are worried they may have spotty access to information or insufficient evidence to support a company’s financials.
PayPal’s board has launched a formal search process to replace Mr. Rainey, who will remain at the company until late May.
The fuel-cell vehicle developer said in January it had received a subpoena related to a short seller’s allegations that some vehicle orders weren’t real, which Hyzon has denied.
Pfizer and Moderna named company outsiders as chief financial officers as they look to deploy some of the cash they have generated during the Covid-19 pandemic.
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Twitter accepted Elon Musk’s bid to take the company private, giving the world’s richest man control over the influential social-media network.391
U.S. stocks flipped higher as government bond yields retreated and investors took advantage of the opportunity to scoop up shares of beaten-down technology and other high-growth companies.