Latest Corporate investigations News
Florida company accused of steering vaccines to rich donors
FORT LAUDERDALE, Fla. (AP) — Florida launched an investigation Wednesday into an upscale nursing home amid reports that it administered coronavirus vaccines to wealthy donors and members of a country club along with its residents and employees. The Washington Post and New York Post both reported that...
US bans second Malaysian palm oil giant over forced labor
The U.S. said it will ban all shipments of palm oil from one of the world’s biggest producers after finding indicators of forced labor and other abuses on plantations that feed into the supply chains of some of America’s most famous food and cosmetic companies. The order against Malaysian-owned...
Scandal-battered utility now faces specter of pricy lawsuits
CLEVELAND (AP) — Ohio’s largest electric utility, its reputation battered by scandal, has been besieged by more than a dozen lawsuits filed by angry shareholders who include some of the country’s biggest institutional investors. And, if history is a guide, FirstEnergy Corp. and its insurers...
French investigators to question Carlos Ghosn in Lebanon
BEIRUT (AP) — A team of French investigators will come to Beirut next month to participate in interrogating former Renault-Nissan boss Carlos Ghosn, a Lebanese justice ministry official said Saturday. The official gave no specific date or details of what information the investigators would seek from...
China steps up pressure on Alibaba with anti-monopoly probe
BEIJING (AP) — Chinese regulators on Thursday announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up the ruling Communist Party’s efforts to control fast-growing tech industries. President Xi Jinping’s government worries about the dominance of competitors such...
Asian markets advance after S&P 500 snaps losing streak
Asian shares were mostly higher on Thursday after stocks eked out small gains on Wall Street following a mixed set of reports on the economy. Benchmarks rose in Tokyo, Hong Kong and Sydney. Stocks fell in Shanghai after China’s market regulator said it has launched an anti-monopoly investigation of...
Indiana officials forcing out longtime casino executive
INDIANAPOLIS (AP) — Indiana casino regulators voted Wednesday to force a longtime heavyweight in the state’s gambling industry to give up his ownership stake in a Lake Michigan casino, saying he had continued exerting control over its parent company in violation of state orders. The Indiana Gaming...
China criticizes US corporate auditing penalties
BEIJING (AP) — China’s government on Monday called on Washington not to enforce a measure that might expel Chinese companies from U.S. stock exchanges if they fail American government audits. The law, signed Friday by President Donald Trump, is a response to complaints Chinese companies were...
Maryland U.S. Attorney's Office seizes two fake domain names
BALTIMORE (AP) — Authorities have seized two domain names posing as biotechnology companies developing COVID-19 treatments but are apparently collecting personal information for fraud and installing malware, the U.S. Attorney’s Office in Baltimore said Friday. An investigation was launched by...
Tyson fires 7 at Iowa pork plant after COVID betting inquiry
IOWA CITY, Iowa (AP) — Tyson Foods has fired seven top managers at its largest pork plant after an independent investigation confirmed allegations that they bet on how many workers would test positive for the coronavirus, the company announced Wednesday. The company said the investigation, led by former...
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