Report: Former Disney Accountant Alleges Company Falsely Inflated Revenue

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Report: Former Disney Accountant Alleges Company Falsely Inflated Revenue

Topline: A former Walt Disney Company accountant filed a series of whistleblower reports to the Securities and Exchange Commission (SEC), alleging
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Novartis Manipulated Data For Its $2.1 Million Gene Therapy. Now Patients And Biopharma Will Suffer.

Novartis CEO had a rocky start to his tenure. Last year, the newly appointed boss was in a car when he learned that his predecessor had signed a $1.2 million contract with then Trump attorney and fixer, Michael Cohen, for him to provide access to the Trump …
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Bearish yield curve inversion may be putting investors on the wrong track

A new chart shows a bearish indicator is not so bearish after all. According to Avalon Investment and Advisory’s Bill Stone, when the 10-year Treasury yield falls below the 2-year rate, stocks are up on average by 9.2% a year later. Stone draws the conclusion …
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WeWork Analyst Warns IPO Filing a 'Masterpiece of Obfuscation'

WeWork’s IPO prospectus lacks the information needed to create a financial model of the company, according to an analyst who specializes in new listings. The We Co., which is expected to raise about $3.5 billion in what would be 2019’s second-biggest …
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Chinese smartphone maker Xiaomi posts 15% rise in sales, misses estimates

SHANGHAI (Reuters) – China’s Xiaomi Corp (1810.HK) reported 15% growth in quarterly revenue on Tuesday, its slowest ever, as fewer people bought smartphones at home and rival Huawei grabbed market share. The company is weathering a bleak …
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