finance.yahoo.com / Yahoo! Finance
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2024-11-22 16:06:24
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2024-11-22 16:06:24Event JSON
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"The US Securities and Exchange Commission (SEC) accused United Parcel Service Inc. of misrepresenting its financial results by improperly valuing its freight business. The company failed to follow generally accepted accounting principles when it evaluated its less-than-truckload operations in 2019 and 2020. UPS agreed to pay $45 million to settle the claims and avoid future violations. The company recorded a non-cash goodwill impairment charge in 2020 relating to the investigation."
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