• PwC to pay $1 million to settle Merrill Lynch audit complaint

    Reuters News: WASHINGTON (Reuters) – Accounting company PricewaterhouseCoopers LLP will pay $1 million to settle a civil complaint alleging it conducted a flawed audit into Merrill Lynch’s compliance with federal brokerage customer protection rules, U.S. audit watchdogs said on Wednesday. The Public Company Accounting Oversight Board (PCAOB) said PwC...
  • Wal-Mart to close 5 Tennessee stores

    Lizzy Alfs, [email protected]    8:53 p.m. CST January 15, 2016 Retail behemoth Wal-Mart plans to close five stores in Tennessee this month as part of a broader plan to shutter 269 locations worldwide and focus on the company’s Supercenters and e-commerce business. The Neighborhood Market at 1220 Gallatin Ave....
  • Alibaba's $14.3B sales record don't impress investors much

    Nyshka Chandran | @nyshkac 6 Hours Ago Alibaba’s astronomical Singles’ Day sales failed to boost its share price, with shares closing down 2 percent in New York on Wednesday and analysts flagging a cautious outlook. The e-commerce behemoth handled $14.3 billion in sales over the 24-hour shopping period, a...