Jay-Z settlement prior to fraud charges

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According to Accounting Today, the founder of apparel licenser Iconix Brand Group, which last month settled a high-profile dispute with the rapper Jay-Z, was charged by federal prosecutors with inflating the company’s revenue and earnings. Questions: Who was named in the indictment? What are their roles in the investigation? How much was the civil settlement… Read more »

The Last Act

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After years of continually beating the market with quarterly revenue targets, Parker H. Petit, CEO of MiMedx Group, Inc., was sued by the SEC for  allegedly engaging in a “wide-ranging fraud” to inflate revenue. Questions: What is the industry type in which MiMedx operates? What were the ways in which the company perpetrated the fraud?… Read more »

The Value of Virtual Reality in Business

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According to BusinessInsider.com, virtual reality (VR) has been historically associated with consumer-facing gaming, but it’s been gaining traction in companies lately. Questions: According to the article, what companies are actively using VR? How are they using it? How has this driven up the revenue from the hardware and software of VR? What other sources can… Read more »

Choices in Personal Finance are Changing

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According to BusinessInsider.com, married millennials and Gen Xers are keeping their finances separate from their partner much more often than married baby boomers, and it shows that younger generations are thinking about marriage and finances differently. Questions: What do you think are some of the biggest reasons that millennials and Gen Xers are keeping their… Read more »

A Piece of the Moon…….?

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Rogue Creamery, which took the top prize at the World Cheese Awards with its Rogue River Blue produced in Oregon, has seen sales and interest jump. Questions: Which countries won this honor for the two years prior to this year? Where are the World Cheese Awards judged? How much are Rogue Creamery’s sales up since… Read more »

The End of Another Department Store Icon

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According to the New York Times, the end of Barney’s, the famed department store, involved executives crisscrossing the globe, all-night strategy sessions, last-minute alliances, and attempts to sway public opinion. However, all these attempts led to bankruptcy. Questions: What happened to Barney’s in bankruptcy court? How many full-time employees will be affected? Gene Pressman, a… Read more »

Fitbit sale to Google

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According to the New York Times, Google said on Nov. 1 that it is acquiring Fitbit, the maker of fitness-tracking devices, for $2.1 billion to close the gap with Apple in the growing market for wearable electronics and to add muscle to its expanding hardware business. Questions: Why is the deal is likely to face… Read more »

Mixed issues

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According to the Washington Post, many small companies tied to the housing market are seeing a slowdown in business, one that’s forecast to continue well into 2020. Questions: How much did the sales of existing homes fall during September? How has the median sales price for a home changed since a year ago? How long… Read more »

Who will decide the fate of the CFPB?

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Today, according to VOX, the Supreme Court announced that it will hear a lawsuit challenging the leadership structure of the Consumer Financial Protection Bureau (CFPB). Questions: According to the article, who championed the establishment of the CFPB? In general, who leads most federal agencies and who leads most independent agencies by contrast? How is the… Read more »

A Deep Freeze for GE Pensions

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According to the WSJ, General Electric Co. said it was freezing its pension plan for about 20,000 U.S. workers and offering pension buyouts to 100,000 former employees, as the conglomerate joins the ranks of U.S. companies phasing out a guaranteed retirement. Questions: Who is the CEO? The video said the CEO has been aggressive. What has he… Read more »