Accounting & Tax
Credit & Capital
Risk & Compliance
Business Travel Prices to Rise Modestly in 2015
In North America, airline yields continue to improve and seat availability continues to tighten.
Citigroup Fined $15M Over Research Analysts’ Conflict
Citigroup Global Markets provided some investors with improper access to material, nonpublic information, says FINRA.
GOP Leaders Urge SEC to Ditch Pay-Ratio Rule
Three Republican lawmakers tell Mary Jo White that the proposed rule would be unduly costly and detract from more important SEC priorities.
Clouds Gathering Over Global Economy, Survey Warns
“There’s little sign of the eurozone’s malaise ending any time soon, as companies have become even less optimistic," says an economist at Markit.
Joe’s Jeans in Talks With Lenders After Default
The designer denim company took on $110 million in loans last year to acquire Hudson Clothing Holdings.
Ex-Longtop CFO Blamed for ‘Foundation of Lies’
An investor lawsuit accuses a CFO of ignoring signs of fraud when he signed off on financial results, but the CFO says he believed they were accurate.
SEC Official: ‘Millionaires Can Fend for Themselves’
Should the SEC update the definition of 'accredited investor?' Commissioner Dan Gallagher says the effort is unnecessary and is straining SEC resources.
Banks Blasted for ‘Risky’ Commodity Dealings
Banks built up large commodity inventories and engaged in commodity-related businesses that carried "catastrophic event risks," said a Senate panel.
FASB Clarifies Guidance for Using Pushdown Accounting
The accounting standards setter tries to clear up the issue of pushdown accounting and when it can be used.
CEO Pay Exceeds Taxes Paid by Big Firms
Of America’s 100 highest-paid CEOs, 29 received more in pay last year than their company paid in federal income taxes, according to a think tank report.
FBI: CFO Spent Stolen Funds on Women He Met Online
The former CFO of Alotech defrauded the company of $1.2 million using the company's checking account and a corporate credit card.
Accounting & Tax
FASB Weighs Delaying New Revenue Rule
Accounting standard setters may push back the effective date of new revenue recognition rules, says a FASB assistant director.
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