(NYSE:NQ) The Investigation Team conducted a thorough review of cash reported on NQ Mobile’s financial statements and the Company’s cash transactions, which included the following procedures: obtained bank confirmations for the Company’s accounts through in-person visits and mail Chinese mobile security software maker NQ Mobile said a special committee had found no evidence of fraud,…
J.C. Penney Company, Inc. (NYSE:JCP)’s CEO, Mike Ullman has turned the company around after the replacing former CEO Ron Johnson. His strategy has brought consumer back to its retail stores. The retailer is aiming to “go forward” at its third stage of its turnaround after completing “immediate stabilization” and rebuilding” in the last 10 months….
For investors in NQ Mobile Inc (ADR) (NYSE:NQ), the Chinese mobile-service provider accused by short seller Carson Block of overstating revenue, this could be a make-or-break week.The result from the investigation led by law firm Shearman & Sterling LLP and auditor Deloitte & Touche Financial Advisory Services Ltd. will be the most definitive judgment so…
Nationstar Mortgage Holdings Inc (NYSE:NSM) has named CFO David Hisey to the newly created post of chief strategy and external affairs officer. He will be replaced by Robert Stiles, who will add to his current responsibilities as CFO of wholly-owned subsidiary Solutionstar. Nationstar Mortgage Holdings Inc (NYSE:NSM) stock performance was -5.69% in last session and…
