Financial News

SEC OUTLINES REASONS NOT TO ADOPT IFRS – WALLSTREET JOURNAL

http://blogs.wsj.com/cfo/2012/07/13/sec-staff-offers-127-pages-of-reasons-not-to-adopt-ifrs/?mod=wsjpro_hps_cforeport CLICK LINK TO VIEW WALLSTREET JOURNAL ARTICLE EMILY CHASAN SENIOR EDITOR THE SECURITIES AND EXCHANGE COMMISION STAFF ON FRIDAY AFTERNOON RELEASED ITS LONG-AWAITED WORK PLAN ON A METHOD FOR POSSIBLY INCORPORATING INTERNATIONAL ACCOUNTING STANDARDS INTO THE U.S. FINANCIAL REPORTING SYSTEM. THE PLAN GAVE NO RECOMMENDATIONS ON WHETHER TRANSITIONING TO INTERNATIONAL FINANCIAL REPORTING STANDARDS WOULD BE [See More …]

Read More »

CAPITAL RULE IS ONE SIZE FITS ALL (WSJ ARTICLE)

This article is taken from June 8, 2012 Wall Street Journal.  For those that are subscribers to WSJ will be albe to read the entire article. BY VICTORIA MCGRANE, MATTHIAS RIEKER AND DAN FITZPATRICK WASHINGTON—The Federal Reserve shocked bankers Thursday by approving a proposal that would force even the smallest lenders to comply with the elaborate international bank-capital standards known as Basel [See More …]

Read More »

CFO’S FACING QUESTIONS ON PLANS FOR CASH

This is an article (by Emily Chasen, Senior Editor) taken from the Wall Street Journal. Tuesday, June 5, 2012. With about 1.83€ trillion in cash sitting on U.S. corporate balance sheets, finance chiefs are being peppered with questions from investors about spending plans. The key is to respond to those inquiries clearly and consistently, the [See More …]

Read More »

CORPORATE PROFITS WERE THE HIGHEST ON RECORD

Corporate Profits Were the Highest on Record Last Quarter CATHERINE RAMPELL, On Tuesday November 23, 2010, 3:22 pm EST The nation’s workers may be struggling, but American companies just had their best quarter ever. American businesses earned profits at an annual rate of 1.52€ trillion in the third quarter, according to a Commerce Department report [See More …]

Read More »

DOW TOUCHES 11K

NEW YORK – Stocks rose Friday after another weak report on unemployment added to expectations that the Federal Reserve will step in to prop up the economy. The Dow Jones industrial average climbed above 11,000 Friday for the first time since early May. It rose 71 points in afternoon trading. High unemployment remains a major [See More …]

Read More »

GAIN IN SERVICES POWERS STOCKS; DOW UP NEARLY 200

NEW YORK (AP) — Stocks surged to their highest level in five months Tuesday after a measure of the most important driver of the U.S. economy surged ahead in September, a hopeful sign for the country’s main source of employment.

Read More »