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After struggling to maintain business levels at its brand names Karstadt and KaDeWe, Arcandor sought help from the German government, and then filed for insolvency. Hypo Real Estate: Germany: 5 October 2009: Banking: Depfa, one of the companies subsidiaries ran into liquidity problems in 2008 as a result of the financial crisis.
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Two former energy company executives turned themselves into authorities Friday for their suspected role in facilitating the biggest corruption scandal in Ohio state history. The scheme involved ...
Timothy A. Clary/AFP/Getty ImagesA Bernie Madoff Halloween mask. Putting together any type of Top 10 list is a dicey business. Once you get past the usual subjects, the criteria for the rest of ...
Enron logo. The Enron scandal was an accounting scandal sparked by American energy company Enron Corporation filing for bankruptcy after news of widespread internal fraud became public in October 2001, which led to the dissolution of its accounting firm, Arthur Andersen, previously one of the five largest in the world.
Beleaguered aerospace company Boeing faced a new source of woe on Friday when more than 30,000 workers in the Pacific Northwest commenced a major strike. The labor action began days after Boeing's ...
Madoff investment scandal; Martin Shkreli; Taylor, Bean & Whitaker, top-10 U.S. wholesale mortgage lending firm that ceased business following multibillion-dollar fraud revelations; Theranos: Claimed that it had devised blood tests that required very small amounts of blood and that could be performed rapidly and accurately. It raised money from ...
After a series of highly publicized scandals related to deepfakes and child sexual abuse material (CSAM) have plagued the artificial intelligence industry, top AI companies have come together and ...