Steinhoff CFO steps down

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Steinhoff CFO steps down

The news about the accounting irregularities, which Steinhoff says involve €6bn (£5.3bn) worth of assets, and the admission earlier this week that investigators are now looking back to before the 2015 and 2016 financial statements (both of which will require restating) have seen the group's shares
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Bitcoin Miners Are Shifting Outside China Amid State Clampdown

… country and policies,” Jiang Zhuoer, founder of BTC.Top, said in an interview. He also considered locations in Iran and Russia. Bloomberg News reported the Chinese government's planned curbs on bitcoin mining Wednesday. The People's Bank of China didn't respond to faxed requests for comment.
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HNA Said to Walk Away From Late-Stage Value Partners Talks

Value Partners, which has a market value of about $1.9 billion, said in a filing Thursday that the two shareholders' discussions with an unnamed suitor were scrapped due to commercial considerations. Shares of Value Partners, which had rallied since Bloomberg News first reported talks with HNA in
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Dutchess County franchise owners sue accounting firm for $5 million

The accounting version of the proverb, “For want of a nail a kingdom was lost,” is being alleged in a lawsuit filed by owners of Rita's Italian Ice franchises in New York and Connecticut. The DeAngelis family – Joseph C., Irene and Joseph M., of Dutchess County – accused their longtime accounting firm,
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What Happens When States Have Their Own Net Neutrality Rules?

FCC Chairman Ajit Pai spent 2017 dismantling Obama-era rules on net neutrality. A handful of lawmakers in liberal-leaning U.S. states plan to spend 2018 building them back up. It's a development that the FCC anticipated — the commission's rules include language forbidding states from doing this,
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