Chemours Sinks as CEO, CFO Suspended on Accounting Concerns (2)

Chemours Co. stock plunged in its worst selloff on record after the company suspended its top two executives and put off reporting its fourth-quarter results for the second time this month.

Chemours shares sank 32% Thursday, a record drop for the stock, and its plunge triggered trading halts for volatility as Wall Street soured on the titanium dioxide maker. Analysts cautioned that the most recent delay and the placement of its executives on administrative leave is a sign of more serious accounting problems than previously disclosed.

Chief Executive Officer Mark Newman, Chief Financial Officer Jonathan Lock and Camela Wisel ...