SEC investigation into B. Riley expands after crisis-hit company’s stock falls more than 50 percent following profit warning
According to sources, U.S. authorities have expanded their investigation into financial irregularities at B. Riley – even though the struggling Wall Street company suspended its dividend payment and issued a profit warning on Monday, causing the company’s share price to…
Warner Bros. Discovery writes down the value of its TV assets by $9 billion
Warner Bros. Discovery announced on Wednesday that it had written down the value of its TV assets due to uncertainty about cable and satellite distribution fees and the renewal of sports rights. The company’s shares subsequently lost almost 10 percent…
