Accounting & Tax
Credit & Capital
Risk & Compliance
FASB Moving Ahead With Nonprofit Update
But chairman Russell Golden faulted the proposed changes for addressing only standards for nonprofits, a move he says could increase accounting complexity.
Profits, But No Tax Bill
Eleven S&P 500 companies reported profits for calendar 2014 but will be paying no corporate income taxes.
Big Banks Pass Fed’s Capital Buffer Tests
The Federal Reserve's stress tests found that the U.S.'s 31 biggest banks are capitalized well enough to withstand a "severely adverse" economic scenario.
Before Firing an Employee …
... be sure you ask these 10 questions, says the general counsel for LegalZoom.
Regulator Urges Tougher Rules for Microcap Market
"Without [investor] confidence, a fair and liquid secondary market for these securities will not exist," says an SEC commissioner.
European Central Bank Aims to Kickstart Inflation
The ECB's bond buying program starts on March 9, but ECB economists have already raised growth forecasts for the euro zone.
Instability in Oil-Producing Nations Endangers Economies
Political turmoil in the Middle East, Africa, and Russia will continue to cast a global economic shadow, says Aon.
Fraudsters Infiltrating Apple Pay Verification Process
Fraudsters are posing as legitimate customers of a bank asking for permission to use a card issued by that bank in Apple Pay.
Supreme Court Hears Affordable Care Act Case
In the meantime, Republicans are working on a 'plan B' in case the federal government can no longer offer health-care subsidies.
Citi Sells OneMain to Subprime Lender
Citi has now sold more than 60 businesses and reduced assets in its "bad bank" Citi Holdings by more than $700 billion.
Genworth Flags Material Weakness in Accounting
After posting losses in its long-term care business last year, the insurer discloses a related weakness in its accounting controls.
HP Buys Aruba Networks for 9% Premium
Hewlett-Packard spends a net $2.7 billion for the maker of hardware and software for enterprise mobile networks.
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