Advanced Financial Reporting EC PDF

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citibank- paid 900 million in clerical error on accident. They paid on the behalf of "revlon". Blaise Aguirre- had an account balance of 2.45 billion which was not his. He reported it to bank of america and they claimed it to be a "display error". Apple and EPIC (owner of fortnite) have gotten in a dispute over the 30% charge on the appstore that apple charges. Kevin Mayer ceo of tick tok for 3 months has quit. Because it could be banned by any U.S. entity to do business with it. Microsoft is in talks to buy it from Byteware. Bob iger (former ceo of disney) retired and as replaced by someone else outside of Kevin Mayer. Kevin Mayer left disney to become the ceo of tik tok after he was not promoted to CEO of disney. Jeff bezos is worth over $200 million. Apple has hit the $3 trillion mark. They are building at least 75 million 5G iPhones. Walmart and Microsoft are putting a bid in to purchase TikTok. “Walmart +” membership is $98/year. Marc Lore is the president and ceo of Walmart eCommerce. Robinhood faces SEC probe for not disclosing deals with high-speed traders Rental car company “Hertz” files for bankruptcy. They requested to issue more shares after there stock price initially and then went back up. The judge denied their request. “OWNER OF A BROKE HERTZ” PODCAST ON NPR 24 MINS. WATCH IT. “Tenet” is the latest movie from Christopher Nolan. Peloton plans to introduce sub-$3,000 treadmill and new high-end bikes. LVMH merger deal with Tiffany @ $16B price. LVMH wants to back out of the deal citing US and EU trade dispute. Tifanny suing LVMH to continue with deal. LVMH responds by saying Tiffany’s hasn’t handled the pandemic well. Mall operators Simon & Brookfield to rescue JC Penny by buying it for $800m. This way it doesn’t have to find another tenant like it does after Sears went bankrupt. JP Morgan tells trading and sales floor staff to return to offices by Sep 21st. In big cities like Chicago and NYC with tall buildings, the issue is with elevators (how will they get all employees in there?) Kraft Heinz is selling a part of their cheese business for $3.2 billion. Sony cuts Playstation 5 forecast by 4 million due to chip woes Apple will introduce a lower end apple watch model known as the “SE” model Apple unveils new watch, fitness service, Bundled Subscription options LVMH is unlikely to score on rebound from Tiffany Revlon lenders want expert to look at Citi’s for some money. Citi accidently gave them 10x that amount. Citigroup is to succeed Michael Corbet as CEO with Jane Fraser (first female CEO to lead a major wall street bank). JPMorgan nears deal to pay about $1 billion to settle spoofing probes Tesla is making a lower cost battery for a $25,000 vehicle EXAM 1: MULTIPLE CHOICE IS ON HARVEY. PROBLEMS FOR THE EXAM WILL BE DONE ON PAPER AND EMAIL IT TO PROFESSOR MIRANDA.

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LVMH counter sues Tiffany over merger. JPMorgan paying $920 million to resolve market manipulation probes Stefan Larsson is going to be the new ceo of PVH. Stefan Larsson formerly became ceo of Ralph Lauren but quit after he disputed with the founder of creative control. Ralph Lauren did not want his brand to be known as more affordable. Bed bath and beyond increased their stock price by 33% and it was due to an increase in online sales. There inside sales surged by 89% in the past three months....