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Financial Reporting News

UBS urges parliament to back U.S. tax deal: report Friday, March 12, 2010 @ 8:43AMSwitzerland's UBS has warned parliamentarians failure to back a deal to end its bitter U.S. tax row with the bank could result in a damaging backlash for Swiss banks as well as the Alpine nation's economy.
Footballers 'cheated' by wind power firm Friday, March 12, 2010 @ 8:31AMSeveral regular Danish national football team players claim that a couple of former players took advantage of their trusting nature to secure considerable investment sums from them that inevitably failed.
(AFX UK Focus) 2010-03-12 14:20 REFILE-US Treasury nets $6.6 mln on Texas Capital warrants Friday, March 12, 2010 @ 8:27AMWASHINGTON, March 11 (Reuters) - The U.S. Treasury said on Thursday it expects net proceeds of about $6.56 million from the auction of warrants in Texas Capital Bancshares Inc , which were priced at $8.85 each. The modified Dutch auction on Thursday of the 758,086 warrants to purchase common stock in Texas Capital represents the sale of the Treasury's remaining investment in the bank. The sale ...
Ad hoc:NOKIA:Ad hoc: Nokia updates mobile device mark. Friday, March 12, 2010 @ 8:24AMThe issuer is solely responsible for the content of this announcement.
Toyota Sales Incentives and Discounts Boost Retail Sales Friday, March 12, 2010 @ 8:19AMDETROIT/WASHINGTON March 11, 2010; Kevin Krolicki and John Crawley writing for Reuters reported that unprecedented discounts after a series of damaging recalls boosted Toyota Motor Corp's U.S. sales in early March, as U.S. regulators weighed new auto safety measures.
(AFX UK Focus) 2010-03-12 13:52 Mandelson: UK should consider state investment fund Friday, March 12, 2010 @ 8:15AMLONDON, March 12 (Reuters) - Britain should examine the case for setting up a government-backed investment fund to help finance infrastructure projects, business minister Peter Mandelson said on Friday. Mandelson said Britain may need to source as much as 500 billion pounds ($758 billion) for future projects to remain competitive and spur growth, with the bulk of that cash probably coming from ...
Fuld ‘Negligent’ as Lehman Hid Leverage, Report Says (Update1) Friday, March 12, 2010 @ 8:15AMMarch 12 (Bloomberg) -- Lehman Brothers Holdings Inc. used off-balance-sheet transactions to understate its leverage in late 2007 and 2008, deceiving shareholders about its ability to withstand losses, a bankruptcy examiner’s report said.
(AFX UK Focus) 2010-03-12 13:54 European shares extend gains after US retail data Friday, March 12, 2010 @ 8:13AMLONDON, March 12 (Reuters) - European shares extended gains in afternoon trading on Friday after data showed sales at U.S. retailers rose unexpectedly in February despite a drop in vehicle purchases and inclement weather. The U.S. Commerce Department said total retail sales rose 0.3 percent as consumers bought an array of goods from necessities to luxury items. At 1338 GMT, the FTSEurofirst 300 ...
UK should consider state investment fund - Mandelson Friday, March 12, 2010 @ 8:11AMLONDON (Reuters) - Britain should examine the case for setting up a government-backed investment fund to help finance infrastructure projects, Business Secretary Peter Mandelson said on Friday.
NewMarket Technology, Inc. to Review Analyst Report Update With Reiterated 'Buy' Rating Tuesday, March 16 Friday, March 12, 2010 @ 8:04AMDALLAS, TX--(Marketwire - March 12, 2010) - NewMarket Technology, Inc. ( PINKSHEETS : NWMT ) has scheduled a Webcast release for next Tuesday, March 16, 2010 to provide a review of a recently issued analyst update. Last month, the Company received an analyst report with a 'buy' rating and a $1.47 target price per share. Yesterday, the analyst issued an update to its initial report highlighting ...
(AFX UK Focus) 2010-03-11 05:33 WRAPUP 1-NZ c.bank sees less aggressive rate rises than in past Wednesday, March 10, 2010 @ 11:57PMBy Mantik Kusjanto and Gyles Beckford
Wrangling continues over ticket prices from state wrestling tournament at Boardwalk Hall Wednesday, March 10, 2010 @ 11:55PMROBBINSVILLE - A sizable profit from this weekend's high school wrestling state individual tournament at Boardwalk Hall in Atlantic City wasn't enough to quell the heated debate over ticket prices.
Families feeling the squeeze Wednesday, March 10, 2010 @ 11:55PMNumber of households facing mortgage stress jumps to a 16-month high as rising interest rates hit home.
Will Notre Dame be forced to join a football conference? Wednesday, March 10, 2010 @ 11:52PMKeep the autonomy
Police Probe Into Terrorist's Fund Channeling Wednesday, March 10, 2010 @ 11:50PM"On the IDR500 million fund, we're still looking into the sources"
Post-Gazette sweeps APSE section honors Wednesday, March 10, 2010 @ 11:43PMThe Pittsburgh Post-Gazette's daily and Sunday Sports sections have been recognized as being among the Top 10 Sports sections in the country in the medium newspaper circulation category in judging this week by the Associated Press Sports Editors.
(AFX UK Focus) 2010-03-11 05:16 US bailout watchdog criticizes Treasury over GMAC Wednesday, March 10, 2010 @ 11:26PMBy David Lawder
KiwiSaver regulation on fast-track Wednesday, March 10, 2010 @ 11:25PMConcerns over the management of KiwiSaver funds has led to Commerce Minister Simon Power fast-tracking work to ensure the integrity of the investments of the 1.3 million people who have $4.88 billion of their money invested in the scheme.
U.S. bailout watchdog criticizes Treasury over GMAC Wednesday, March 10, 2010 @ 11:24PMWASHINGTON (Reuters) - The U.S. Treasury's decision against a bankruptcy restructuring for GMAC may have increased taxpayer bailout costs for the auto finance company and made it less viable, an oversight group said on Thursday.
(AFX UK Focus) 2010-03-09 18:56 US copper ends up a shade, awaits China trade data Tuesday, March 9, 2010 @ 1:28PMNEW YORK, March 9 (Reuters) - U.S. copper futures closed fractionally higher on Tuesday, extending a phase of consolidation from last week's spike and awaiting additional impetus to push through near-term resistance levels, analysts said.
A.M. Best Revises Outlook to Stable for Ratings of Dealers Assurance Company Tuesday, March 9, 2010 @ 1:28PMOLDWICK, N.J.----A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating of A- and issuer credit rating of “a-” of Dealers Assurance Company .
Telcos, transport drive US stocks higher Tuesday, March 9, 2010 @ 1:27PMUS stocks rose on the anniversary of the market lows reached in the recession, on the back of gains in transportation and telecommunications shares.
SEC Economist to Step Down Amid Conflict Over Short-Sale Rules Tuesday, March 9, 2010 @ 1:25PMMarch 9 (Bloomberg) -- The U.S. Securities and Exchange Commission’s top economist is leaving the agency after Chairman Mary Schapiro merged his office with another and passed short- selling rul...
SEC Economist to Step Down Amid Conflict Over Short-Sale Rules Tuesday, March 9, 2010 @ 1:25PMMarch 9 (Bloomberg) -- The U.S. Securities and Exchange Commission’s top economist is leaving the agency after Chairman Mary Schapiro merged his office with another and passed short- selling rules that hedge funds said ignored financial analysis.
Banks Unfairly Avoid Debt Reporting Rule, Dealers Say (Update1) Tuesday, March 9, 2010 @ 1:18PMThe Regional Bond Dealers Association asked the Financial Industry Regulatory Authority and Federal Reserve to end reporting of so-called agency debt trades until bank-affiliated brokers also must comply, saying some are seeking to avoid disclosures.
(AFX UK Focus) 2010-03-09 18:48 UPDATE 2-US airlines cite recovery signs, bolstering shares Tuesday, March 9, 2010 @ 1:13PMBy Karen Jacobs and Deepa Seetharaman
(AFX UK Focus) 2010-03-09 19:08 Bogus site targets Madoff victims, US agency says Tuesday, March 9, 2010 @ 1:12PMBy Grant McCool
(AFX UK Focus) 2010-03-09 03:25 UPDATE 1-China Southern jumps on $1.58 bln fundraising plan Monday, March 8, 2010 @ 9:42PMSHANGHAI/HONGKONG, March 9 (Reuters) - Shareholders cheered China Southern Airlines' $1.58 billion fundraising plan, lifting the airline's shares to a 21-month high in Hong Kong on expectations the move could speed up the airline's debt repayments, cutting its gearing by half. HSBC upgraded the stock to overweight from underweight and raised its price target by 42 percent to HK$4.20 soon after ...
KiwiSaver concerns could bring tighter reporting Monday, March 8, 2010 @ 9:40PMConcerns about KiwiSaver could lead to greater disclosure and stricter regulation of non-default accounts, Commerce Minister Simon Power said today. read more
Boardroom Push For Women's Talents Monday, March 8, 2010 @ 9:35PMGordon Brown has said it is "completely unacceptable" that some top British firms have all-male boards. The Prime Minister said "serious action" may be needed to tackle the issue as he met leading f...
Tampa Bay area's largest companies are on a collective upswing Monday, March 8, 2010 @ 9:34PMThe latest combined profits of the bay area's top public companies reveal an upswing.
KiwiSaver concerns could bring tighter reporting Monday, March 8, 2010 @ 9:17PMConcerns about KiwiSaver could lead to greater disclosure and stricter regulation of non-default accounts, Commerce Minister Simon Power said today.
Leibovitz agrees loan deal with Colony Capital: report Monday, March 8, 2010 @ 9:12PMLONDON (Reuters) - Celebrity photographer Annie Leibovitz has arranged a deal with a private equity firm to sort out her debts, the Financial Times reported in its Tuesday edition.
(AFX UK Focus) 2010-03-09 02:49 Leibovitz agrees loan deal with Colony Capital- FT Monday, March 8, 2010 @ 9:12PMLONDON, March 9 (Reuters) - Celebrity photographer Annie Leibovitz has arranged a deal with a private equity firm to sort out her debts, the Financial Times reported in its Tuesday edition. The paper said Leibovitz, who has photographed everyone from Michelle Obama to Britain's Queen Elizabeth, has lined up real estate investment firm Colony Capital as a sole creditor to help manage her finances ...
Allied's $220 million write-down may understate recoverable loans Monday, March 8, 2010 @ 9:11PMA $220 million writedown by Allied Farmers of its recently acquired Hanover/United investments portfolio may not necessarily result in zero value being extracted from those positions, McDouall Stuart said in its market weekly update.
Caixin Online: China plans overhaul of jobless data Monday, March 8, 2010 @ 9:00PMIn the midst of the financial crisis, official Chinese data showed unemployment at just 4.3%, prompting blunt criticism and now, a new system. (Caixin Online)
Allied Farmers' writedown may understate recovery Monday, March 8, 2010 @ 8:53PMAllied’s $220 million write-down of its Hanover/United investments may understate recoverable loans
(AFX UK Focus) 2010-03-06 23:10 WRAPUP 2-Icelanders reject deal to repay British and Dutch Saturday, March 6, 2010 @ 5:42PMBy Wojciech Moskwa
Icelanders reject deal to repay British and Dutch Saturday, March 6, 2010 @ 5:29PMIcelandic voters vented their fury on Saturday at the bankers and politicians who ruined their economy, overwhelmingly rejecting a $5 billion deal to repay debts to Britain and the Netherlands, early results showed.
Conservatives boosted by latest opinion polls Saturday, March 6, 2010 @ 5:20PMThe Conservative Party has reversed a slide in ratings, two new opinion polls to be published Sunday showed, although both still pointed to an inconclusive election outcome.
Fishing success comes in taking what nature will give you Saturday, March 6, 2010 @ 4:33PMCOASTAL BEND —I talk to plenty of folks who catch lots of fish. And I speak with a fair number of others who occasionally catch fish.You might think these anglers could be divided into two basic groups: ones who fish often and ones who rarely fish. But you’d be surprised to learn that many anglers I come in contact with fish fairly often and rarely are satisfied with their success. They’re not ...
New condo law aims for better financial reporting Saturday, March 6, 2010 @ 4:19PMA Kentucky condominium bill, five years in the making, would entitle a potential buyer to a bevy of information about an association's financial health, including its capital budget and reserves, if any.
Deutsche denies Greek trade deal was questionable Saturday, March 6, 2010 @ 4:11PMDeutsche Bank on Saturday denied a magazine report that its financing of a Greek trade deal seven years ago was "questionable."
Briefly: March 5, 2010 Saturday, March 6, 2010 @ 3:56PMPublic input — City of Powell River council has received two reports outlining the results of its public consultation efforts.
Budget cutting in Brunswick County could start at top Saturday, March 6, 2010 @ 3:33PMBy Shelby Sebens Shelby.Sebens@StarNewsOnline.com In tough economic times when governments are asking employees to tighten their belts, at least one Brunswick County commissioner thinks elected officials should lead by example.
(AFX UK Focus) 2010-03-04 01:02 Philippines-Market factors to watch - March 4 Wednesday, March 3, 2010 @ 7:13PMMANILA, March 4 (Reuters) - Here are news stories and press reports which may influence local financial markets on Thursday.
What companies should know before going for an IPO Wednesday, March 3, 2010 @ 7:09PMMANY ambitious enterprises have dreams of going for a public listing. However, they may be clueless about how to prepare for the journey, or even when they should start to think about it.
Army bomb expert claims 'Hurt Locker' based on him Wednesday, March 3, 2010 @ 7:08PMAn Army bomb disposal expert who served in the Iraq war is suing the makers of "The Hurt Locker," claiming the Oscar-nominated film's lead character is based on him and that they cheated him out of "financial participation"...
Obama reasserts Volcker rule Wednesday, March 3, 2010 @ 7:07PMThe Obama administration reasserted its commitment to banning proprietary trading by banks with draft legislative language on Wednesday, despite signs that the U.S. Congress is unlikely to adopt such a rule.
TimesLedger wins 2 awards in North American news contest Wednesday, March 3, 2010 @ 6:56PMThe TimesLedger Newspapers won two awards in Suburban Newspapers of America’s annual editorial contest for 2009.The newsroom staff of the chain of 14 Queens weeklies, based in Bayside, won first-place honors in the best continuing coverage category for its exhaustive reporting on the closing of three Queens hospitals...