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    • Corporate Profits

    Dutch chip giant blames “technical error” for accidental earnings release
    Albany

    Dutch chip giant blames “technical error” for accidental earnings release

    A Dutch chipmaker sparked chaos after accidentally releasing a disappointing financial outlook a day earlier than planned – causing billions of dollars in market value losses across the semiconductor sector. Shares of ASML — which makes chip-making equipment, including artificial…

    Posted on Madoc Meredith
    SEC investigation into B. Riley expands after crisis-hit company’s stock falls more than 50 percent following profit warning
    New Jersey

    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…

    Posted on Seren Anwen
    Warner Bros. Discovery writes down the value of its TV assets by billion
    Frisco

    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…

    Posted on Bronwen Cerys

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