KMPG admitted wrongdoing as part of the settlement with the SEC, and agreed to hire an independent consultant to review its internal controls

Accountancy and financial services company KPMG will pay $50 million (€44.5 million) to settle Securities and Exchange Commission (SEC) allegations th(...)

Higher Ground: Barack Obama and Michelle Obama want to ‘foster productive dialogue’ through their Spotify podcasts. Photograph: Jim Young/AFP

Drop the mic: Spotify has signed up the most sought-after couple in the media industry today. Barack and Michelle Obama, who already have an agreement(...)

Warren Buffet: ‘I probably know as many rich people as just about anybody. I don’t think they’re happier because they get super rich.’ Photograph: Houston Cofield/Bloomberg

Warren Buffett, the 88-year-old investment guru, is used to feeling the love at annual gatherings of investors in his Berkshire Hathaway vehicle Last(...)

Kraft also said it reviewed supplier contracts and found additional misstatements may or may not have resulted from the misconduct tied to its procurement practices. Photograph: Scott Morgan/Reuters

Kraft Heinz will restate financial reports for a period of almost three years to fix errors that resulted from lapses in procurement practices by some(...)

Tesla’s Model 3 on an assembly line. Photograph: Justin Kaneps/The New York Times

Tesla has said it would not be profitable in the first quarter of 2019, as it offered for the first time a $35,000 (€30,790) version of its Model 3 sa(...)

Photograph: Robyn Beck/AFP

The US Securities and Exchange Commission (SEC) is pursuing a contempt order against Tesla chief executive Elon Musk, saying he violated a fraud settl(...)

Apple is up almost 50%  since July, meaning Levoff has seemingly missed out on millions of dollars in gains. Photograph:  EPA/Franck Robichon

Global stocks have enjoyed a double-digit percentage gain since Christmas, but fund managers remain decidedly cautious judging by Merrill Lynch’s late(...)

JPMorgan’s Jamie Dimon was ranked the best chief executive in the world in 2018 by CEO World magazine. Photograph: Yuri Gripas/Reuters

Chief executives get paid a lot of money, something usually justified by the argument that a strong leader can transform a company’s fortunes – think (...)

Facebook boss Mark Zuckerberg admits its users have been victims in the Cambridge Analytica controversy. Photograph: Tom Brenner/ The New York Times
This year they said . . .

“They did not want their information to be sold to Cambridge Analytica by a developer . . . That happened, and it happened on our watch.” Facebook bos(...)

Tesla chief executive Elon Musk said short sellers were a source of “extreme torture”. Photograph: Brendan Smialowski/AFP/Getty Images

Tesla chief executive Elon Musk doesn’t like his critics. He has taken on analysts asking “boring, bonehead questions”, Reuters journalists (“relentle(...)

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