Carl Ruderman allegedly used a substantial amount of the funds raised for a cash-advance business to support his own lavish lifestyle.
Brown-Forman cites a competitive landscape and retaliatory tariffs on American whiskey as reasons for an uncertain profit outlook.
The retailer said it expects to earn between 79 and 84 cents per share in the current quarter, below analysts' estimates
The SEC says Moody's failed to ensure the accuracy of statistical models and apply rating symbols consistently.
The long-term benefits of semi-annual reporting are doubtful, while its costs are significant, say Robert Pozen and Mark Roe.
PwC offers a primer for the many companies that aren't yet far along in their implementation process for the new lease accounting standard.
A notice on how to apply tax-deductibility changes included in the recent tax-reform law may leave open more questions than it answers.
The companies could technically withdraw from the deal without penalty, but say they remain in "constructive dialogue."
Research yields first-of-its-kind evidence that greater reporting frequency begets corporate myopia.