The Under Armour logo is displayed at T & B Sports in San Rafael, California.
Check out the companies making headlines midday Monday:
Under Armour — Under Armour shares cratered more than 15% after the apparel maker disclosed a federal probe into its accounting practices. The investigation has been ongoing since July 2017. The company also slashed its full-year revenue guidance, citing lower inventories and problems with its direct-to-consumer channels.
McDonald’s — The Dow component fell more than 2% after CEO Steve Easterbrook was fired for having a relationship with an employee. “This was a mistake,” Easterbrook said in an email. “Given the values of the company, I agree…