U.S. says Ernst & Young to pay $11.8 million to settle audit charges
(Reuters) – Ernst & Young will pay $11.8 million to settle charges over “failed audits” of oil services company Weatherford International Plc <WFT.N >, the U.S. Securities and Exchange Commission said on Tuesday.
Actor Harry Shearer sues Vivendi for $125 million over ‘Spinal Tap’ profits
PARIS (Reuters) – Harry Shearer, best known for his voiceovers in “The Simpsons”, is suing media group Vivendi for $125 million over profits from the 1984 cult comedy film “This is Spinal Tap”.
Foreign firms say UK profits hit by Brexit vote, weak sterling
LONDON (Reuters) – The drop in sterling and some weakening in demand following the vote to leave the European Union have eaten into the earnings of foreign firms operating in Britain, companies have been saying as they reveal their third quarter result…
Netflix’s big bet on original shows finally seen paying off
(Reuters) – Netflix Inc’s shares jumped as much as 20 percent on Tuesday, after the company added 50 percent more subscribers than expected in the third quarter.
Rising gasoline, rents push U.S. inflation higher in September
WASHINGTON (Reuters) – U.S. consumer prices recorded their biggest gain in five months in September as the cost of gasoline and rents surged, pointing to a steady pickup of inflation that could keep the Federal Reserve on track to raise interest rates …
U.S. says Ernst & Young to pay $11.8 million to settle audit charges
WASHINGTON (Reuters) – Ernst & Young will pay $11.8 million to settle charges over “failed audits” of oil services company Weatherford International Plc <WFT.N >, the U.S. Securities and Exchange Commission said on Tuesday.
Harley-Davidson plans to reorganize, reduce workforce
(Reuters) – Harley-Davidson Inc , facing falling motorcycle sales around the world, said on Tuesday it plans to streamline its operations, reorganize and reduce its workforce during the fourth quarter in a move that will cost the company $20 million to…
Harley-Davidson plans to lay off temp workers first
(Reuters) – Harley-Davidson Inc said on a conference call on Tuesday it would lay off “casual workers,” or temporary hourly wage workers, first as a part of the company’s newly announced reorganization plan.
United expects glut of flights to Europe to keep hurting results
(Reuters) – United Continental Holdings Inc expects a glut of seats for sale across the Atlantic, attacks in Europe and a weaker British pound will continue to hurt its results, the airline said in a filing Tuesday that added details to a forecast it …
AIG to sell some Latin America, European units to Canada’s Fairfax
(Reuters) – U.S. insurer American International Group said on Tuesday it would sell some businesses in Latin America and central and eastern Europe to Canada’s Fairfax Financial Holdings Ltd for about $240 million in cash.
