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Commercial and Professional Services Professional Services

  • Ernst and Young signage in New York City.

    Accounting firm Ernst & Young will pay $9.3 million to settle charges that two of its former auditors got "too close to clients on a personal level."

  • The agency said the two former Ernst& Young partners also settled SEC charges that they lacked independence when auditing the clients' companies. Another partner and a client's chief accounting officer also settled SEC charges that they engaged in unprofessional conduct. All agreed to penalties and suspensions from doing any accounting work relating to...

  • Three former Ernst& Young partners and a client's former chief accounting officer also settled SEC charges, agreeing to various penalties and suspensions, the agency said. SEC investigations found that Gregory Bednar, a former senior partner on the audit team for a New York- based public company, had "maintained an improperly close friendship" with its chief...

  • WASHINGTON, Sept 19- Accounting firm Ernst& Young will pay $9.3 million to settle charges that two of its auditors got "too close to clients on a personal level" and broke rules aimed at ensuring reviews were objective and impartial, the U.S. Securities and Exchange Commission said on Monday. SEC investigations found that the senior partner on the audit team for a...

  • ITT's move comes after it said last week it would shut its 137 technical college campuses in 39 states, where roughly 35,000 students are enrolled and 8,000 employees work, as a result of the U.S. Department of Education decision. ITT has hired restructuring consultants Alvarez& Marsal LLC and bankruptcy law firm Faegre Baker Daniels LLP to prepare for the...

  • LONDON, Sept 9- Britain's Serious Fraud Office has charged three former senior Tesco executives with fraud in its investigation into accounting practices at the country's biggest supermarket chain. Carl Rogberg, Christopher Bush and John Scouler have been charged with one count of fraud by abuse of position and one count of false accounting, the SFO said in a...

  • LONDON, Sept 9- Britain's Serious Fraud Office has charged three former senior Tesco executives with fraud in its investigation into accounting practices at the country's biggest supermarket chain. Carl Rogberg, Christopher Bush and John Scouler have been charged with one count of fraud by abuse of position and one count of false accounting, the SFO said in a...

  • LONDON, Sept 9- Britain's Serious Fraud Office said it has charged three former senior Tesco executives with fraud in its investigation into accounting practices at the country's biggest grocer. Carl Rogberg, Christopher Bush and John Scouler have been charged with fraud by abuse of position, the SFO said in a statement on Friday. Bush, 50, was managing director...

  • Sept 8- The insurance brokerage Willis Towers Watson Plc has agreed to pay $120 million to settle litigation accusing it of helping now-imprisoned Texas financier Allen Stanford run a $7.2 billion Ponzi scheme, court papers show. The papers, in which Willis denied wrongdoing, were filed on Wednesday with the federal court in Dallas. In a lawsuit, investors and a...

  • TORONTO/ WASHINGTON, Sept 2- Canada's Potash Corp of Saskatchewan and Agrium Inc are more likely to win approval for a potential merger in Canada than the United States, but U.S. rejection of the deal would scuttle it globally, competition lawyers said. "It's possible that in this case the efficiencies win the day in Canada but don't carry the day in the United States."

  • "These allegations involve extraordinary conduct of a serious and deliberate nature by a global corporation," Australian Competition and Consumer Commission Chairman Rod Sims said in a statement. The Federal Court action adds to what is already proving to be costly legal fallout for the German company as it faces class action lawsuits in Australia and...

  • "These allegations involve extraordinary conduct of a serious and deliberate nature by a global corporation," Australian Competition and Consumer Commission Chairman Rod Sims said in a statement. The Federal Court action adds to what is already proving to be costly legal fallout for the German company as it faces class action lawsuits in Australia and...

  • Hanging Diploma 

    Professional designations abound, and investors expect to see them listed after a financial advisor's name. But what do they really mean?

  • Wolters Kluwer achieves 3% organic growth in H1

    Nancy McKinstry, CEO of Wolters Kluwer, says the company has been investing to grow its digital portfolio and discusses the half-year earnings.

  • The China Caixin services PMI came in at 51.8 for April, continuing to show expansion, but marking a moderation from March's 52.2.

  • A key pulse check on China's economy is likely to show the services sector hummed along in April, but a broader slowdown looms, economist Li Wei warns.

  • An employee checks labels of "Naranja Agria" on the bottling line at the Badia Spices factory in Doral, Florida.

    The index hit 54.5 in March, higher than the 54 expected by Wall Street.

  • New York's Wall Street.

    A class action lawsuit accuses banks of conspiring to limit competition in the $320 trillion market for interest rate swaps.

  • Square Reader

    Square, which helps businesses manage credit-card and gift card payments, filed for initial public offering with the SEC.

  • A consumer rights law firm said it filed a lawsuit against Google alleging the company "illegally monopolized" the Internet and mobile search market.