UPS, SEC

UPS will pay $45 million in fines with SEC settlement
The world's largest courier service, UPS, will pay $45 million in fines after settling claims one of its units misrepresented earnings, the U.S. Securities and Exchange Commission confirmed in a release this week.
UPS to pay $45M charges to SEC
UPS will pay $45 million to settle charges that it improperly valued its freight division, the Securities and Exchange Commission announced Friday. The regulator agency said that UPS materially misrepresented its earnings because it failed to follow generally accepted accounting principles in valuing its freight unit.
UPS to Pay $45M to US Settle Charges That It Improperly Valued Its Freight Division
United Parcel Service Inc. will pay $45 million to settle charges that it improperly valued its freight division, the Securities and Exchange Commission announced Friday
UPS to pay $45M penalty for improperly valuing business unit, SEC says
The Securities and Exchange Commission announced settled charges against United Parcel Service Inc. for materially misrepresenting its earnings
UPS to Pay $45 Million Penalty for Improperly Valuing Business Unit
(GAAP) in valuing one of its worst performing businesses. According to the SEC's order, UPS determined in 2019 that UPS Freight, a business unit that transported less-than-truckload shipments, was likely to sell for no more than about $650 million.
UPS Stock Rises Despite $45M SEC Penalty Over Freight Business Valuation: Retail’s Stuck In 'Neutral'
The Securities and Exchange Commission (SEC) said on Friday that United Parcel Service Inc. ($UPS) is facing a penalty of $45 million for materially misrepresenting its earnings as it failed to follow generally accepted accounting principles (GAAP) in valuing one of its worst performing businesses.
UPS to pay $45 million penalty for improperly valuing business unit, SEC says
The United Parcel Service will pay up to a $45 million penalty for improperly valuing a business unit, the U.S. Securities ...
Law1d
UPS Agrees to $45M Settlement With SEC Over Valuation Claim
The commission accused UPS of failing to follow generally accepted accounting principles, or GAAP, and “materially ...
Porch pirate poses as Irvine resident to steal Apple laptop as UPS delivers it, police say
As the UPS delivery truck pulls up to the curb in an Irvine neighborhood, a man is seen pacing in front of the home as he ...
Benzinga.com1d
Financial Crime Weekly: UPS Pays $45M Fine, BIT Mining Pays $4M Fine For Bribery
UPS pays a $45 million fine for misrepresenting its earnings. BIT Mining pays a $4 million fine for bribery of foreign ...
Cowboy State Daily2d
Rawlins UPS Worker Accused Of Stealing Crime Evidence Sent To State Lab
A Rawlins UPS worker accused of stealing drugs and other crime evidence out of boxes on their way to the state crime lab was charged Wednesday. A ...
Think UPS Stock Is Expensive? These Charts Might Change Your Mind
UPS earnings represent a tale of two halves in 2024. The first-half adjusted operating profit declined by 30.3% compared to ...
Transport Topics1d
UPS Settles With SEC Over Freight Business Valuation
UPS has reached a $45 million settlement with the Securities and Exchange Commission over claims made by the agency that the ...
Illinois Dem ups pressure on House to release Gaetz report: ‘We care about ethics’
Congressman Sean Casten (D-Ill.) hammered former Rep. Matt Gaetz (R-Fla.) over accusations about his sexual assault ...
UPS Ordered to Pay $45 Million for Overvaluing Freight Business
The Securities and Exchange Commission said UPS didn’t properly record goodwill impairment related to its freight business, ...