Alibaba (BABA) Falls as 'High-Up' Executive Said to Help SEC with Accounting Probe
- Top 10 News for 12/2: Crude Rips on OPEC Cut; Starbucks' Schultz Steps Down; Nonfarm Payrolls Flat in Nov.
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
Shares of Alibaba (NYSE: BABA) are down 2% in pre-open trade Tuesday following reports from the New York Post that a 'high-up' staffer is helping the SEC in its accounting probe.
The SEC is working with more than one whistleblower related the accounting probe, first disclosed in May. One was identified as a "high-up" official "who helped initiation the investigation."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Caterpillar (CAT) Offers FY17 Guidance Update at Credit Suisse Conference
- Atkore International Group (ATKR) Files 8M Share Common Stock Shelf for Shareholder
- MyoKardia (MYOK) Receives $25M Milestone Related to MYK-491 Development (SNY)
Create E-mail Alert Related CategoriesRumors, Short Sales, Trader Talk
Related EntitiesPre Market Movers
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!