Grain trader Archer-Daniels-Midland Company (ADM) has agreed to pay a $40 million (C$54.2 million) civil penalty to settle charges from the U.S. Securities and Exchange Commission that it inflated the performance of a key business segment.
ADM to pay $40 million in U.S. SEC settlement, avoids criminal charges
ADM cuts jobs in grain trading division, sources say
U.S. grains merchant Archer-Daniels-Midland is making a fresh wave of job cuts this week at its largest unit, the grain trading and oilseed processing division, according to three sources briefed on the matter.
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