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US Securities and Exchange Commission (SEC) concluded that the statements of the former chief executive and CFO of Walgreens Boots Alliance that the merger of Walgreen and Alliance Boots in 2012 would increase financial costs more than it was expected, intentionally misled investors. For several years, they deceived investors about the financial performance of the combined company. Following the results of the investigation of the SEC, the world's largest chain of pharmacies will pay a fine of $34.5 million. Both former leaders have to pay a fine of $160,000 each.
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
On Monday, world shares edged towards a five-month high and the U.S. dollar decreased in late trading as investors anticipated that the earnings season would see most companies beat revenue forecasts in light of the lifted coronavirus restrictions. The ...
The United States Labor Department reported on Thursday that jobless claims edged down to a near four-month low since last week, while 32.9 Million Americans collected unemployment benefits in the third week of June. The government agency ...
U.S. President Donald Trump’s administration said on Monday that the small business pandemic aid program worth $660 billion was as a “wild success.” The data showed that 51 Million jobs for America’s small businesses ...
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