Under Armour under federal investigation for accounting practices

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Here are the latest business and technology headlines courtesy of Cheddar:

The Google antitrust investigation is reportedly getting even bigger. CNBC recently reported that state attorneys general are expanding their probe to include a deeper look into Google's search and Android businesses. Previously, the investigation was only focused on its advertising sector.

Airbus is pulling the plug on its super-jumbo A380 jet after it was unable to turn a profit through sales. The company is hoping to give the A380 a second life on the used market, but will stop building new jets after 2021.

Under Armour is under federal investigation for its accounting practices. To meet sales targets, company executives said they would regularly redirect goods to off-price vendors to book more sales. Those tactics, however, are not considered to be illegal.

 

 

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