Three recent surveys suggest a business world that is feeling less worried about the economy, but is still resigned to a long recovery process with limited hiring.
GE Settles Accounting Fraud Charges
In a blow to its reputation as a finance paragon, GE settles SEC fraud claims related to hedge accounting and revenue recognition.
After a GAO report documents a slowdown in the SEC's case generation and penalty volume under former chairman Christopher Cox, the regulator's new leaders talk tough.
U.S. “Will Be The Outlier” Without IFRS
IASB member John Smith tells a European audience that "it is in the interest of the United States to adopt IFRSs in the next five years."
SEC Top Cop Talks Tough
In testimony before a Senate Banking subcommittee, the SEC's new enforcement director suggests a return to the immediate post-Enron era of big corporate penalties.
GAO: Cox’s SEC Discouraged Corporate Punishment
A GAO report says SEC staff under former Chairman Christopher Cox felt discouraged by the Commission from pursuing corporate penalties or from issuing subpoenas to corporations.
Hope Glimmers for Consumers, But Not for Business
The housing market and consumer spending hint at an economic stabilization, but Fed Chairman Ben Bernanke says businesses continue to see declines in new orders and clamp down on capital spending.
Swine Flu Hits Financials, Safe Harbor Statements
Burger King says the outbreak, coupled with existing economic woes, caused more conservative fourth quarter guidance. Others cite swine flu as a risk or as an opportunity, while Ernst & Young has an office scare.
Critics Pan New Financial Statements
A long-planned overhaul of financial statements gets a rough reception from preparers at its initial unveiling, particularly from banks. Meanwhile, a survey says a large majority of CFOs don't even know about the proposal.
Freddie Mac CFO Dead in Apparent Suicide
The acting CFO and former controller of Freddie Mac is reported dead this morning from suicide, eight months after replacing former CFO Anthony S. Piszel.
SEC Chairman Mum on Accounting Issues
SEC chairman Mary Schapiro's view of international accounting standards and other accounting questions remains something of a mystery.