Richard Fuld, the former chief executive officer of defunct Lehman Brothers Holdings Inc., said the Wall Street firm reported certain repo transactions as sales because accounting rules required it to do so.
General Motors Co.’s internal investigation into why it took more than a decade to recall vehicles linked to fatal flaws will lead to employees being dismissed and clear Chief Executive Officer Mary Barra of wrongdoing, according to people familiar with the effort.
Mike Robinson, General Motors Co. vice president of sustainability and global regulatory affairs, is the highest-ranking executive dismissed by the automaker as it investigates defective parts linked to 13 deaths, said a person familiar with the matter.
The North Carolina Utilities Commission hired Jenner & Block Chairman Anton Valukas to aid in its probe of whether it was misled when it approved Duke Energy Corp.’s takeover of Progress Energy Inc., the law firm said.
General Motors Co. has placed two engineers, Ray DeGiorgio and Gary Altman, on paid leave for their roles in events leading to the recall of 2.59 million small cars with potentially defective ignition switches tied to at least 13 deaths, said two people familiar with the matter.