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Commercial and Professional Services Professional Services

  • TOKYO, April 11- Toshiba Corp filed twice-delayed business results on Tuesday without an endorsement from its auditor and warned its very survival was in doubt, deepening a prolonged crisis at the Japanese conglomerate. The filing carried a disclaimer from auditor PricewaterhouseCoopers Aarata LLC that it was unable to form an opinion of the results,...

  • TOKYO, April 11- Toshiba Corp filed twice-delayed business results on Tuesday without an endorsement from its auditor and warned its very survival was in doubt, deepening a prolonged crisis at the Japanese conglomerate. The filing carried a disclaimer from auditor PricewaterhouseCoopers Aarata LLC that it was unable to form an opinion of the results,...

  • TOKYO, April 11- Japan's Toshiba Corp filed twice-delayed business results on Tuesday without an endorsement from its auditor, increasing the likelihood that the nuclear-to-TVs conglomerate will be delisted. The filing carried a disclaimer from auditor PricewaterhouseCoopers Aarata LLC that it was unable to form an opinion of the results.

  • TOKYO, April 11- Toshiba Corp aims to file its twice-delayed business results on Tuesday afternoon without an endorsement from its auditors, one person familiar with the matter said, increasing the likelihood of a delisting. Such a filing would be unprecedented for a major Tokyo- based firm and would put financial regulators and the Tokyo Stock Exchange center...

  • Such a filing would be unprecedented in Japan and would put financial regulators and the Tokyo Stock Exchange center stage as they weigh whether it would be acceptable as well as the pros and cons of forcing it to delist. A third deadline looms, but auditor PricewaterhouseCoopers Aarata LLC is questioning not only recent results but also probing the books at...

  • NEW YORK, April 10- An internal investigation into Wells Fargo& Co's sales scandal released on Monday found no evidence the bank had retaliated against employees who came forward about sales practice abuses, despite earlier media reports and lawsuits from ex-employees that claimed otherwise. At least five Wells Fargo employees had sued the San Francisco-...

  • TOKYO, April 11- Toshiba Corp aims to file its twice-delayed business results on Tuesday, even if its auditors don't fully sign off on the numbers, two people familiar with the matter said, as the Japanese conglomerate seeks to avoid a potential delisting from the Tokyo Stock Exchange. A third deadline looms, but auditor PricewaterhouseCoopers Aarata LLC is...

  • ISM nonmanufacturing index at 55.2 in March

    CNBC's Rick Santelli reports the latest read on the ISM nonmanufacturing index.

  • Audi has said a decision over whether Weiss could be re-employed cannot be taken until U.S. law firm Jones Day, hired by VW to investigate the scandal, has clarified his role and published a full report on its inquiries. But parent VW, which initially had pledged maximum transparency, has since decided not to disclose the findings of Jones Day although key parts...

  • Volkswagen said last week it had filed a complaint with a Munich court to prevent prosecutors from retaining and assessing material confiscated during a March 15 raid on U.S. law firm Jones Day. VW, whose supervisory board had commissioned Jones Day in late 2015 to investigate the diesel emissions test-cheating scandal, has said it would use every legal step to...

  • FRANKFURT, April 1- German prosecutors expect the first rulings this year in legal cases resulting from the Volkswagen emissions scandal, Automobilwoche magazine reported on Saturday. Volkswagen would also remain quiet on the internal investigations undertaken by U.S. law firm Jones Day it hired, a summary of whose findings was compiled in the form of a "...

  • FRANKFURT, April 1- German prosecutors expect the first rulings this year in legal cases resulting from the Volkswagen emissions scandal, Automobilwoche magazine reported on Saturday. Volkswagen would also remain quiet on the internal investigations undertaken by U.S. law firm Jones Day it hired, a summary of whose findings was compiled in the form of a "...

  • *VW contests March 15 prosecutors' raids on Jones Day. BERLIN, March 29- Volkswagen has filed a legal complaint with a Munich court, seeking to prevent German prosecutors from using information seized during searches of the law firm it hired to investigate its emissions scandal. VW had already condemned the search of offices of U.S. law firm Jones Day on March 15 and...

  • *VW contests March 15 prosecutors' raids on Jones Day. VW had already condemned the search of offices of U.S. law firm Jones Day on March 15 and said it would use every legal step to defend itself. Jones Day couldn't immediately be reached for comment.

  • That hands-off stance ended this month when Republican AGs voted to abandon the agreement and spend money to help unseat Democrats in other states, according to the Republican Attorneys General Association. The move comes as Democratic attorneys general in states across the country have assumed lead roles in opposing some of Republican President Donald...

  • March 24- Canyon Bridge Capital Partners LLC, the China- backed buyout fund that agreed to acquire Lattice Semiconductor Corp in November for $1.3 billion, has resubmitted the deal for U.S. government review, three people familiar with the matter said. The move comes after the Committee on Foreign Investment in the United States, a government panel which reviews...

  • WASHINGTON, March 23- Jay Clayton, the Wall Street attorney tapped by President Donald Trump to lead the U.S. Securities and Exchange Commission, on Thursday defended himself against Democrats' charges that multiple conflicts of interest would force him to miss too many SEC votes. Clayton, a partner at elite law firm Sullivan& Cromwell, is expected to win...

  • WASHINGTON, March 23- Jay Clayton, the Wall Street attorney tapped by President Donald Trump to lead the U.S. Securities and Exchange Commission, on Thursday defended himself against Democrats' charges that multiple conflicts of interest would force him to miss too many SEC votes. Clayton, a partner at elite law firm Sullivan& Cromwell, is expected to win...

  • WASHINGTON, March 23- Jay Clayton, the Wall Street attorney tapped by President Donald Trump to lead the U.S. Securities and Exchange Commission, on Thursday defended himself against Democrats' charges that multiple conflicts of interest would force him to miss too many SEC votes. Clayton, a partner at elite commercial law firm Sullivan& Cromwell, is expected to...

  • HONG KONG, March 23- China has made it mandatory for mainland cornerstone investors in Hong Kong IPOs to repatriate funds when they sell their shares, a rule likely to hit smaller, cornerstone-reliant listings, four people with knowledge of the matter told Reuters. The State Administration of Foreign Exchange has informed investment bankers and lawyers of the...