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Financial Reporting News

  • $200,000 Heinz Endowments grant boosts airport’s marketing ability Saturday, July 31, 2010 @ 8:21PMWhen the Heinz Endowments gave a $300,000 grant to the Allegheny County Airport Authority in 2007, the indirect results included new carriers at Pittsburgh International Airport and Delta’s direct route from Pittsburgh to Paris.
  • S.Korea July exports rise more than expected yr/yr Saturday, July 31, 2010 @ 8:03PMS.Korea July exports rise more than expected yr/yr
  • Franklin a no-show at 49ers' training camp Saturday, July 31, 2010 @ 7:45PMThe 49ers attempted to put on a happy face on the eve of training camp Saturday, but that face had no nose. Or at least not the one expected to start in 2010.
  • Bill Jamieson: Despite some positive company reports, confidence is still at a low Saturday, July 31, 2010 @ 6:27PMIN recent weeks a strange sense has intensified that we are living in two parallel worlds. There is the world of business, where the current results reporting season has brought a significant number of buoyant and upbeat trading news - at least for the first half of the year.
  • Lloyds to lead banking recovery with £800m return to black predicted Saturday, July 31, 2010 @ 6:26PMFALLING bad debt charges are set to drive at least one of Britain's big two part-taxpayer owned banks back into profit this week as the whole sector benefits from the tailwind of an improving economy.
  • Winters enjoying end of discontent Saturday, July 31, 2010 @ 6:23PMTHUS far it has been a case of two steps back to take one leap forward, but the fact is that Livingston Football Club now have positive momentum.
  • Lloyds to lead banking recovery with £800m return to black predicted Saturday, July 31, 2010 @ 6:20PMFALLING bad debt charges are set to drive at least one of Britain's big two part-taxpayer owned banks back into profit this week as the whole sector benefits from the tail
  • Monocle: 'It's the media project that I've always wanted to do' Saturday, July 31, 2010 @ 6:19PMEven among those who have never heard of Tyler Brûlé – the Canadian war reporter-turned fashion editor, turned universal taste arbiter – mention of his name can provoke strong emotions.
  • Britain's banks bounce back Saturday, July 31, 2010 @ 6:17PMBritain's five biggest banks are forecast to report bumper half-year profits totalling more than £12bn this week, just a year after the sector was reeling from multi-billion-pound losses.
  • Ariz. law comes after years of mounting anger Sunday, July 25, 2010 @ 12:09PMAs the days tick down until the Arizona immigration law takes effect, the state stands as a monument to the anger over illegal immigration that is present in so many places.
  • Bomb in central Bangkok kills 1 and wounds 10 Sunday, July 25, 2010 @ 11:57AMBANGKOK (Reuters) - A bomb at a Bangkok bus stop killed one person and wounded at least 10 Sunday after polls closed in a parliamentary by-election seen as a referendum on recent political unrest.
  • Invesco pushes for International Power/GDF deal - report Sunday, July 25, 2010 @ 11:16AMLONDON (Reuters) - International Power's ( IPR.L ) biggest investor has told GDF Suez , the French energy group that is holding reverse takeover talks with the British firm, a cash sweetener may not be needed to win its support.
  • FSC toughens fund-raising rules Sunday, July 25, 2010 @ 11:12AMThe Financial Supervisory Commission (FSC) said on Friday it would strengthen regulations on banks and financial holding companies’ fund-raising through private placements to better safeguard the public interest.
  • By-election offers glimpse into Thai political mood Sunday, July 25, 2010 @ 11:12AMBANGKOK (Reuters) - A jailed Thai anti-government protest leader accused of terrorism faces the ruling party on Sunday in a Bangkok by-election that could signal whether a bloody army crackdown has changed the political landscape.
  • BP CEO Hayward nears exit - sources Sunday, July 25, 2010 @ 11:12AMLONDON/HOUSTON (Reuters) - BP Plc has decided Chief Executive Tony Hayward should step down over his handling of the Gulf of Mexico oil spill and his departure could be announced in the coming days, sources close to the company said on Sunday.
  • Corruption fight needs tough unit Sunday, July 25, 2010 @ 11:04AMThe public’s patience with the justice system has been severely tried of late, and the recently exposed corruption scandal allegedly involving several High Court judges has pushed things to the boiling point.
  • Apple Is Not the New Microsoft. And, Yet ... Sunday, July 25, 2010 @ 11:03AMApple reported record revenues earlier this week, but Microsoft had a blowout quarter of its own, reporting revenues Thursday of $16.04 billion -- enough to keep the Redmond giant ahead of the Cupertino company in this particular financial metric. But that's not the whole story.
  • Chinese goods flooding to Taiwan under local labels Sunday, July 25, 2010 @ 10:50AMChinese imports paraded as “Made in Taiwan” are rampant throughout Taiwanese marketplaces, retail stores and high-end department stores, industry representatives said.
  • Authorities warn seniors of scams, tell how to avoid them Saturday, July 24, 2010 @ 12:24AMPhoto for the Record Gazette by Annette Tringham Sgt. Alex Diaz of Banning police and Angela Rosato from the County of Riverside Adult Protective Services Division conducted the meeting to talk about scams with about 50 seniors recently.
  • GM takes on subprime car loans, but it's less risky Saturday, July 24, 2010 @ 12:23AMDETROIT -- General Motors is getting into the subprime lending business. And that means taxpayers are, too.
  • State rep candidates file campaign finance reports Saturday, July 24, 2010 @ 12:16AMDuring the candidate forum earlier this month for those seeking seats in the state House and Senate, one of the questions asked concerned how, if elected, they would make themselves available to constituents, with a follow-up question about how they would avoid becoming pawns for special interest groups and lobbyists in Jefferson City.
  • Lake County Sheriff's logs: Tuesday, July 13 Saturday, July 24, 2010 @ 12:08AMOfficer initiated activity at S State Hwy 29/LAKEPORT Bl, Lakeport. UKN Disposition: CHECKS OK.
  • Work Faces Saturday, July 24, 2010 @ 12:03AMAppointments
  • Pay czar critical of big bank bonuses Saturday, July 24, 2010 @ 12:01AMKenneth R. Feinberg calls payments to executives of Goldman Sachs, Bank of America, Wells Fargo and other firms that received bailout funds 'ill-advised' but says they don't rise to the level of 'contrary to the public interest,' which would require him to demand repayment. The Obama administration's pay czar on Friday came to the same conclusion about fat Wall Street bonuses that average ...
  • IRD to target Rich Listers Friday, July 23, 2010 @ 11:57PMNBR Rich Listers are to be ranked according to their risk of dodging the taxman, as IRD steps up its scrutiny of tax compliance. Taxpayers who control more than $50 million of assets will be ranked according to their likelihood for tax evasion or avoidance to help channel the IRD’s efforts in tax audit cases. The risk profiling is detailed in the IRD’s new compliance focus for 2010-2011 ...
  • South Carolina loses another bank, fourth this year Friday, July 23, 2010 @ 11:45PMWilliamsburg First National Bank, of Kingstree, South Carolina, was established in 1958. The bank grew over the years and expanded to service Florence and Georgetown counties.
  • Share prices expected to test 1,350-point level next week Friday, July 23, 2010 @ 11:36PMKUALA LUMPUR: Share prices on Bursa Malaysia are expected to rise next week to test the 1,350-point level with retail investors as the main players, dealers said. Pong Teng Siew of Jupiter Securities Sdn Bhd said higher prices of commodities, such as palm oil, will support plantation-related counters and gave the market a boost. According to him, among the counters that are expected to be in the ...
  • Europe gets growth boost before bank stress tests Friday, July 23, 2010 @ 8:09AMSurprisingly strong German and British economic data bolstered confidence on Friday ahead of a crucial report on the health of the European banking system, vital to any sustained recovery.
  • De Beers CEO quits after buoyant H1, no IPO Friday, July 23, 2010 @ 8:08AMDe Beers, the world's biggest diamond producer, announced the departure of its chief executive in a surprise statement on Friday after reporting a surge in first-half net profit on the back of a rebound in demand.
  • Heady European data points to surging economy Friday, July 23, 2010 @ 8:01AMBy Dave Graham and Fiona Shaikh
  • Eastern Virginia Bankshares Announces Increased Loan Loss Reserves, Declares Dividend Friday, July 23, 2010 @ 8:00AMTAPPAHANNOCK, Va.----Eastern Virginia Bankshares today reported its results of operations for the three and six months ended June 30, 2010 and announced a dividend declaration.
  • Prosecutors to quiz Japan ruling party's Ozawa - media Friday, July 23, 2010 @ 7:58AMProsecutors are seeking to question Japanese ruling party powerbroker Ichiro Ozawa over a funding scandal media said a move that could hurt his chances of mounting a challenge to Prime Minister Naoto Kan.
  • Bovespa Stock-Index Futures Rise on Commodities, Economic Growth Outlook Friday, July 23, 2010 @ 7:55AMBrazil’s Bovespa stock-index futures rose, indicating the gauge may extend its biggest weekly rise in a year, as commodities rose and improving earning bolstered the global growth outlook.
  • County office hopefuls turn in financial reports Friday, July 23, 2010 @ 7:50AMStory County’s Republican candidate for the board of supervisors has more than twice the cash on hand than his Democratic challengers’ campaigns, according to reports filed Monday with the Iowa Ethics and Campaign Disclosure Board.
  • Stock Market News for July 23, 2010 Friday, July 23, 2010 @ 7:48AMDo the favorable corporate results till date support a break-out of the market indexes from current range-bound levels against a still-weak macro-economic backdrop and lighter-than-usual trading volumes?
  • Mayor responds to editorâs take on layoffs Friday, July 23, 2010 @ 7:47AMEDITOR: Last week’s article “Mount Olive layoffs process questioned”, written by Editor Phil Garber was one of many distorted renderings of the facts that merit our response.
  • Wipro net up 31 percent in first quarter Thursday, July 22, 2010 @ 11:15PMWipro Ltd posted net profit of Rs.13.19 billion (Rs.1,319 crore) for the first quarter (April-June) of this fiscal (2010-11), registering 31 percent year-on-year (YoY) growth.
  • Obese people in Germany face 'fat tax' Thursday, July 22, 2010 @ 11:14PMBerlin, July 23 : Overweight people who pursue unhealthy lifestyles should pay higher taxes in order to cover the extra costs they create for Germany's healthcare system, a conservative lawmaker has said.
  • Beyond Borders: What would Congress transparency reforms mean to Ghana? Thursday, July 22, 2010 @ 11:13PM“Congress’ action is a big victory for the United States, for the citizens of every country with mining or oil or gas production, and for investors and people who recognize that financial transparency is essential for government and corporate accountability.
  • GM takes on subprime car loans Thursday, July 22, 2010 @ 11:12PMGeneral Motors is getting into the subprime lending business. And that means American taxpayers are, too.
  • Corporate Earnings Thursday, July 22, 2010 @ 11:07PMPublished: Thursday, July 22, 2010 at 5:54 p.m. Last Modified: Thursday, July 22, 2010 at 5:54 p.m. Microsoft Corp. said Thursday that its net income surged 48 percent in the most recent quarter, the latest sign that businesses are again spending money on technology.
  • Earnings: Union First Market, Capital One, UPS, Microsoft, AT&T Thursday, July 22, 2010 @ 11:05PMThe increase in net income was attributed to improvements in the net interest margins and the addition of operations of the former First Market Bank. The company completed the acquisition of First Market Bank on Feb. 1 and combined operations of First Market Bank with its largest subsidiary, Union Bank ...
  • Microsoft profit beats Street but stock unmoved Thursday, July 22, 2010 @ 11:03PMSEATTLE (Reuters) - Microsoft Corp easily beat Wall Street forecasts with a 48 percent rise in quarterly profit, but its shares barely moved in the absence of powerful new signs of a rebound in global tech spending.
  • Hornets Point Guard Chris Paul Wants Out, Requests Trade Thursday, July 22, 2010 @ 11:03PMDissatisfied with the franchise’s lack of commitment towards winning, Paul is airing his grievances TheCelebrityCafe.com Staff In late June, All-Star point guard Chris Paul of the New Orleans Hornets addressed highly publicized trade rumors by clarifying that his first choice was to remain in New Orleans as long as the team is committed to winning. It appears that New Orleans’ unwillingness ...
  • Pay czar to cite Goldman, JPMorgan, Citi: report Thursday, July 22, 2010 @ 11:03PMNEW YORK (Reuters) - Goldman Sachs Group Inc, JPMorgan Chase & Co and Citigroup Inc are among those Obama administration pay czar Kenneth Feinberg will cite for having made "ill-advised" payments, the Wall Street Journal reported on its web site on Thursday.
  • Obama, Cameron to hold talks clouded by BP concerns Tuesday, July 20, 2010 @ 12:18AMSource: Reuters * Gulf spill, Lockerbie issue complicates ties * Cameron to stand up for BP in Washington visit By Matt Spetalnick WASHINGTON, July 20 (Reuters) - U.S. President ...
  • Incumbents Pingree, Michaud lead in fundraising Tuesday, July 20, 2010 @ 12:08AMAUGUSTA -- Incumbent Democrats are outdrawing their Republican challengers in campaign contributions in both of Maine's U.S. House races, according to federal filings.
  • Bureau of Consumer Financial Protection gaps Monday, July 19, 2010 @ 11:50PMThe financial regulation bill that President Obama is expected to sign Wednesday will create a federal agency to regulate most consumer financial products, with a few glaring exceptions. The most prominent is auto dealers. One version of the bill would have... Financial services - Regulation - Barack Obama - President of the United States - United States
  • Asian Stocks Gain on Outlook for China’s Economy; Yen Weakens Monday, July 19, 2010 @ 11:48PMAsian stocks rose for the first time in four days on optimism China’s government may relax policy tightening measures. The yen depreciated on speculation the central bank will weaken the currency.
  • Migrants workers collateral damage of UAE slump Monday, July 19, 2010 @ 11:44PMSHARJAH, United Arab Emirates (Reuters) - Under an unforgiving sun, South Asian workers stir giant pots of rice, their only food, in a barren patch of desert 80 km from a gleaming Dubai skyline built over decades by migrant labor.