Probes of Doral Financial, First BanCorp
Two of Puerto Rico's largest financial institutions face U.S. investigations into their accounting.
DVD Disclosures Eyed by SEC
An inquiry into Pixar's release of ''The Incredibles'' was reportedly prompted by DreamWorks' difficulties with ''Shrek 2.'' Plus: Do movie screenings violate Reg FD?
Verizon Rebuffs MCI Governance Rules
The company has also requested that former SEC chairman Richard Breeden no longer be required to serve as court-appointed monitor.
News Briefs: Sycamore, PepsiCo, UAL
Sycamore Networks to restate over stock-option accounting; Russian authorities open antitrust probe into PepsiCo; UAL gets extension to file reorg plan; California AG accuses drug companies of overbilling; former hospital CFO indicted on fraud charges.
Former SEC Chairman May Oversee KPMG
The appointment of Richard Breeden is one of many reforms reportedly being considered during the auditor's negotiations with the government.
Tax-Haven Changes Proposed
''This is not a small correction to the existing regulations,'' says one international tax lawyer.
SEC’s Civil Injunctions ‘Unenforceable’?
A federal appeals court ruling may force the Securities and Exchange Commission to change its approach to deterring future violations.
Ex-CFO of HealthSouth Gets Three Months
Aaron Beam, who co-founded the company with Richard Scrushy, will begin serving his sentence in November after selling his home to pay a forfeiture and fine totaling $285,000.
No Poaching from KPMG, Say Audit Firms
Deloitte & Touche, Ernst & Young, and PricewaterhouseCoopers will observe a hands-off policy regarding KPMG's clients while it resolves federal litigation problems.
Charter Offers $8.4B Debt Exchange
The restructuring would reduce its massive debt load, but questions remain about how the cable company will improve operations.
PwC to Pay $18M in Telxon Settlement
The subsidiary of Symbol Technologies also stands to benefit if the auditor settles with class-action plaintiffs.