Accounting & Tax
Credit & Capital
Risk & Compliance
Dow Rejects Hedge Fund’s Incentives for Directors
Activist fund Third Point wanted to give two potential board members "stock appreciation payments" based on the performance of Dow's shares.
Buffett Saves $1B in Taxes With Duracell Deal
The “Oracle of Omaha” structures an acquisition so that he avoids capital gains taxes on stock that has appreciated.
Hertz Board Finds $87M in Accounting Errors
An audit committee review shows the rental car company overstated GAAP net income for three years.
Alibaba Turns to Bond Markets for $8B
The proceeds will be used to refinance existing debt facilities, the Chinese e-commerce giant said.
Cloudy, With a Chance of Margin
The holiday shopping season will bring only modest sales growth for retailers, but those with low expectations may profit.
Big Blue Moves Away from ‘Absolute’ Earnings Forecasts
In addition, IBM expects 2014 operating earnings per share to decline as much as 4% from 2013.
Glass Supplier Accuses Apple of ‘Bait-and-Switch’
After initially offering to buy equipment for the iPhone 6 supplier, Apple negotiated a deal that shifted all economic risk to the now-bankrupt company.
‘One Bank’s Incident Becomes Everyone’s Defense’
Banks will share cyber-attack incident information with each other through a new piece of software called Soltra Edge.
GAAP and IFRS
Chief SEC Accountant Revives IFRS Debate
New to the job, James Schnurr suggests that a U.S. switch to global accounting rules is still not out of the question.
Salix CFO Resigns as Board Reviews Inventory Accounting
Are high levels of inventory at wholesalers indicative of improper accounting of sales?
Patent Troll Made ‘Phony Legal Threats’
MPHJ Technology settled with the FTC for sending letters to more than 16,000 companies, claiming they had violated a patent for network scanning technology.
Document Leak Exposes Secret Luxembourg Tax Deals
PwC helped multinational companies obtain at least 548 tax rulings in Luxembourg from 2002 to 2010, according to papers obtained by the ICIJ.
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