Accounting & Tax
Credit & Capital
Risk & Compliance
401(k) Plans Investing Like Hedge Funds
Some target-date retirement funds are using hedge fund strategies to limit downside risk.
Regulators Crack Down on Auditor Independence Violators
“To ensure the integrity of our financial reporting system, firms cannot play the roles of auditor and preparer at the same time,” said an SEC official.
Teen Apparel Firm Delia’s Files for Bankruptcy
The company, founded in 1993, reported a loss in each of its last five fiscal years.
SEC Commissioner Praises “Bad Actor” Waiver
Instead of being banned from private securities offerings, Bank of America will hire an outside consultant to monitor and report on its behavior.
House Votes to Extend Tax Breaks for Only One Year
The Senate, which was pushing for a two-year extension, takes up the bill next week.
Low Prices No Tonic for Oil and Gas CFOs
Despite plummeting gas prices, few finance execs expect global oil demand to increase in 2015.
ECB Balks at Immediate Stimulus for Sluggish Euro Zone
The European Central Bank cut growth and inflation forecasts for 2015 and 2016, saying it would reassess the need for policy measures early next year.
House Passes Bill to Reform Bank Bankruptcies
The Financial Institution Bankruptcy Act of 2014, sponsors say, would make the bankruptcy of a financial institution more efficient and prevent bailouts.
Sony Says Private Data Stolen in ‘Brazen’ Cyber Attack
Sony Pictures Entertainment shut down its internal computer network last week to prevent the virus from causing further damage.
Assisted Living Execs Faked Senior Residents, SEC Says
Former CFO and CEO directed staff to falsify occupancy rates of senior residences to avoid violating the covenants of a lease agreement, says the SEC.
Supreme Court to Clarify Workplace Protections for Pregnant Women
Did UPS's refusal to accommodate a pregnant truck driver violate the Pregnancy Discrimination Act?
Amazon Bond Sale Greeted Rudely by Moody’s
The online retailing giant's new debt issue would weaken interest coverage and hurt Amazon's debt-to-EBITDA ratio, says Moody's.
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