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Stock Market & Financial Investment News

News Breaks
November 15, 2012
10:39 EDTOSISOSI Systems plunges after congressman accuses unit of fraud
OSI Systems (OSIS) is tumbling after a key congressman said the company may have committed fraud by "knowingly manipulating" the results of an operational test, Bloomberg reported last night. In a November 13 letter to Transportation Security Administration head John Pistol, Republican Congressman Mike Rogers, the chairman of the House Transportation Security Subcommittee, wrote that his panel had received a tip indicating that OSI had faked a test, the news service explained. OSI's Rapsican unit could be hit with fines, prison terms and a ban on receiving government contracts in the future if the allegation is proven, Bloomberg quoted Dan Gordon, a former head of federal procurement as saying. In mid-morning trading, OSI Systems plummeted $15.47, or 20.27%, to $60.82.
News For OSIS From The Last 14 Days
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June 29, 2015
08:01 EDTOSISOSI Systems receives $2.4M order for checkpoint solutions
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June 26, 2015
08:03 EDTOSISOSI wins $2M order from Raytheon for vehicle detection, classification solutions
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June 25, 2015
09:01 EDTOSISOSI Systems receives $47M in orders for inspection systems
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June 24, 2015
08:01 EDTOSISOSI Systems receives $8M order for patient monitoring, telemetry solutions
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June 23, 2015
08:02 EDTOSISOSI Systems receives $9M in orders for cargo inspection
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