Priya PatelLet’s see what’s in the news today.
Super Micro Computer Shares Plummet Over 20% After Delayed Annual Report, Short-Sellers’ Allegations
Analysts at Hindenburg Research announced its short position in the IT company Tuesday, alleging it engaged in account manipulation.
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US Navy shipbuilder Austal USA to pay $24M to settle fraud probe
The Justice Department said Austal USA conspired to mislead shareholders and investors about its financial condition.
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Thorne is Eastern’s new accounting/fiscal coordinator
MOOREFIELD, W.Va. – Derek Thorne, a resident of Dorcas, West Virginia, has been hired as the accounting/fiscal coordinator at Eastern West Virginia Community & Technical College.
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Super Micro stock plunges 19% after company delays annual report following short-seller report
Super Micro stock plunged Wednesday after the company announced it would delay filing its annual report.
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Shipbuilder Austal Backs SEC Giving Penalty to Its Shareholders
Austal Ltd. said it supports a plan by the Securities and Exchange Commission to distribute a $24 million penalty it’s been hit with to shareholders “who could show they suffered” a loss as a result of an accounting scheme designed to inflate earnings from its shipbuilding for the US Navy.
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