SEC hits UPS with $45M fine for material misstatements; Intuit rolls out AI QuickBooks enhancements as CEO eyes AI agents; Rise in US health benefit costs to accelerate to 10.2% next year: WTW; Spirit Airlines cleared $5.4M in retention awards before bankruptcy
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The company overvalued its freight unit, one of its ‘worst-performing’ business segments, prior to the unit’s sale in 2021 for $800 million, the SEC said.
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