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Tag: charges

Under Armour details big restructuring charges; to furlough employees

Citing the “acute shock” to its business resulting from COVID-19, Under Armour outlined a series of cost-cutting measures as the financial toll of the pandemic rises. In separate news, the athletic apparel brand detailed a previously (pre-pandemic) planned restructuring initiative that is designed to reduce costs and improve future profitability and cash flow generation. It …

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Trump admin saved Walmart from facing criminal charges over opioid sales: Report

Federal prosecutors in 2018 wanted to criminally charge Walmart over the company’s opioid sales, but top Trump administration law enforcement officials killed that effort, a bombshell report says.  In a ProPublica article published Wednesday, the investigative journalism outlet reported that prosecutors from the federal Eastern District of Texas over two years had amassed “highly damning evidence” that the …

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