Elon Musk’s deal to take Twitter private will nearly triple the social-media company’s leverage and saddle it with hundreds of millions of dollars in interest payable on the more than $25 billion used to fund the leveraged buyout.
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.38
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.
Latest News
Archegos Capital Management founder Bill Hwang and chief financial officer Patrick Halligan have been indicted on charges of securities fraud, wire fraud and racketeering, federal prosecutors in Manhattan said.
Stock benchmarks rose, regaining some ground after selling off sharply in the previous session. Gas prices in Europe jumped after Russia cut off some supplies.