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Nutrition Business

All articles tagged with #nutrition business

business-finance1 year ago

ADM Faces Multiple Challenges Amid Accounting Probe and Asset Sales

Archer-Daniels-Midland Co. faces an uphill battle to recover from an $8 billion value loss due to an accounting investigation, with its nutrition unit failing to live up to expectations despite multibillion-dollar investments. The company's core agricultural commodities are also facing challenges, with rising grain inventories leading to predictions of further price declines. While ADM is taking aggressive steps to fix its nutrition business, including slashing product lines and considering asset sales, investors may remain cautious. The company's CEO aims to restore profit growth and margin closer to previous levels, but the road to recovery may be long, especially with ongoing federal investigations and a struggling nutrition division.

via Yahoo Finance|
#accounting-investigation#adm#archer-daniels-midland
business1 year ago

"DOJ Investigates ADM's Accounting Practices Amid Investor Concerns"

The US Department of Justice has initiated an investigation into Archer-Daniels-Midland Co.'s accounting practices, specifically focusing on its nutrition business. This comes after the company suspended its CFO and revised its earnings outlook due to an external inquiry into its accounting practices. The probe, prompted by a SEC request, has led to concerns about potential legal consequences and has raised questions about the company's reporting procedures. ADM's expansion into the nutrition business, aimed at reducing dependence on agricultural commodities trading, has faced challenges, impacting the company's stock value and investor confidence.

via Yahoo Finance|
#accounting-practices#archer-daniels-midland-co#business
business2 years ago

"ADM's Struggle: Restoring Trust Amid Probe and Accounting Errors"

Archer-Daniels-Midland (ADM) is facing challenges in expanding beyond its legacy agricultural commodities trading business, with its CFO Vikram Luthar recently placed on administrative leave pending an investigation into accounting practices at the nutrition unit. The company's attempt to diversify into the nutrition business has faced setbacks, leading to a slashed profit target and a 24% plunge in its shares. The scandal has raised concerns about the company's leadership and future direction, as it grapples with declining earnings in its core crop trading business and struggles to meet its 2023 profit target.

via Yahoo Finance|
#accounting-practices#adm#business