Investigation into ADM Accounting Procedures
The investigation is being conducted by outside counsel and the ADM Board's Audit Committee.
Source: powderbulksolids.com
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Accounting probe hits ADM as crop glut, lower margins point to tough 2024
An investigation into accounting practices in Archer-Daniels-Midland's Nutrition segment could not come at a worse time for the company as sinking crop prices look set to erode profit for its core grain trading and processing businesses this year. The recovery in the business segment that generated about 11% of profit for ADM in 2022 would have helped cushion the blow from thinning margins in soybean crushing and ethanol, and from lower crop prices as global supplies of corn and soy rise, analysts said. "It is now uncertain whether Nutrition operating profits will return to (year-o...
Source: yahoo.com
ADM under investigation for accounting practices
Crop glut, lower margins point to tough 2024
Source: thepoultrysite.com
SEC Enforcement Activity: Public Companies and Subsidiaries—FY 2023 Executive Summary | Cornerstone Research
SEC enforcement actions against public companies and subsidiaries rose again in FY 2023, with 91 new actions filed, the third highest of any fiscal year in SEED. Although filings...
Source: jdsupra.com
Low Deal Flow Means Lower Bonuses for Wall Street
After 10 months of slower-than-anticipated deal flow, bankers are expecting less-than-stellar year-end holiday bonuses.
Source: thedailyupside.com