On Tuesday, in a statement German exchange operator Deutsche Boerse said, its blue-chip DAX index will expand from the current 30 companies to 40 and will include tougher membership criteria. The development comes in the wake of the Wirecard accounting… Read More ›
accounting scandal
SEC completes investigation into Toshiba’s past accounting practices, no fines levied
This brings a closure to Toshiba’s 2015 accounting scandal. On Monday, is what is likely to be a huge sign of relief for Japan’s Toshiba Corp, the conglomerate disclosed that the U.S Securities and Exchange Commission (SEC) had completed its… Read More ›
Toshiba seeking to raise $8.8 billion from its stake in its flash memory unit
Toshiba’s strategy is pretty simple: retain control over the business despite selling portions of its majority stake to multiple bidders and raise $8.8 billion in the process. In the wake of Toshiba seeking to write-off $6.3 billion on its nuclear… Read More ›