AKRON, Ohio— The state auditor has released Akron from Ohio's fiscal caution list after the city fixed accounting and budget practices that led to the designation in 2011.. Auditor Dave Yost's office issued a statement Thursday praising the city, saying actions taken by Akron officials helped avert a potential fiscal crisis. Akron was the first city in Ohio to...» Read More
Sanyo President Toshimasa Iue will step down next week, the company announced Wednesday amid an accounting scandal at the troubled electronics company that has also claimed the job of its chairwoman.
Automaker DaimlerChrysler, which is considering how to handle its struggling U.S. unit, said Tuesday it will delay the announcement of its first-quarter results because of its changeover to international accounting standards.
General Motors' internal controls on financial reporting are "currently ineffective," the automaker said in a regulatory filing on Thursday.