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Archer Daniels Stock Sinks as It Places CFO on Leave During Accounting Probe

ADM is cooperating with the SEC after receiving a document request from the agency.

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ADM shares tumble on CFO probe, profit forecast cut

Shares of Archer-Daniels-Midland tumbled 14% in premarket trading on Monday after the company placed its CFO Vikram Luthar on administrative leave and cut its full-year profit forecast. .

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Why Food Processing Company Archer-Daniels-Midland Shares Are Sinking Today Why Food Processing Company Archer-Daniels-Midland (ADM) Shares Are Sinking Today

Archer-Daniels-Midland Company ADM shares are trading lower after the company placed its CFO on administrative leave and updated its FY23 outlook on Sunday.…

Ismael roigVikram lutharArcher daniels midland companyChief financialReaking news

ADM Plunges After Placing Its CFO on Leave During Accounting Probe

(Bloomberg) Archer-Daniels-Midland Co. plunged after the US agricultural trading giant suspended its chief financial officer and cut its earnings outlook pending an investigation into its accounting practices. The shares dropped the most on record.Most Read from BloombergFlorida Governor DeSantis Drops Out of 2024 Race, Endorses TrumpHong Kong Stocks at 36% Discount Show True Depth of China GloomMorgan Stanley, JPMorgan Say Buy the Dip After Treasury RoutGloom Over China Assets Is Spreading B

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There were over 30,000 mentions of AI on earnings calls by the end of 2023 as C-suite leaders gird for a massive technology shift

AI and generative AI will reinvent business in 2024, according to new research by Accenture.

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