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Corporate Finance Accounting

  • Jordan Horowitz, producer of the movie "La La Land," was forced to acknowledge the major error last night. Moonlight wins the Best Picture Oscar after a mishap that named La La Land the winner at the 89th Annual Academy Awards.

    Media reports said accountant had been tweeting backstage shortly before he gave presenters Warren Beatty and Faye Dunaway the wrong envelope.

  • Accountant Brian Cullinan, who media reports said had been tweeting backstage shortly before, gave presenters Warren Beatty and Faye Dunaway the wrong envelope for the movie industry's top award on Sunday, the accounting firm said in a statement. In a gaffe that stunned the Dolby Theatre crowd in Hollywood and a television audience worldwide, "Cullinan...

  • NEW YORK, Feb 25- Billionaire investor Warren Buffett on Saturday attacked what he saw as tricks used by U.S. companies to boost earnings and stock prices, but he defended one oft-criticized practice: share buybacks. Some critics, including BlackRock Inc Chief Executive Officer Larry Fink, think the practice of companies buying back their own shares to boost...

  • Shares of commodity trader Noble tumbled in late Friday trade after gadfly anonymous researcher Iceberg launched another negative report.

  • Contract manufacturing firm Samsung BioLogics has denied allegations it juggled its accounting practices.

  • Feb 10- Former American International Group Inc Chief Executive Maurice "Hank" Greenberg admitted to his involvement in two fraudulent reinsurance deals as part of a settlement of an accounting fraud lawsuit, New York Attorney General Eric Schneiderman said on Friday. The lawsuit was brought in 2005 after AIG said it had engaged in certain improper...

  • METLIFE WORKING WITH FASB ON POSSIBLE ACCOUNTING RULE CHANGES FOR HEDGING BY INSUERS-CONF CALL.

  • Exxon took a $2 billion charge to write down the value of Rocky Mountain natural gas assets, a rare move for a company that typically eschews such accounting methodologies. Fourth-quarter earnings fell to $1.68 billion, or 41 cents per share, from $2.78 billion, or 67 cents per share, in the year-ago period. Excluding the $2 billion writedown, Exxon earned 90 cents...

  • Recruitment puzzle

    Robert Half International reported fourth-quarter earnings per share of 61 cents versus a Thomson Reuters estimate of 64 cents per share.

  • *Milan prosecutor to investigate unit-sources. *Sees slowdown in UK public sector work. In Milan, prosecutors have opened an investigation into BT's Italian unit over alleged false accounting and embezzlement, two sources with knowledge of the matter told Reuters.

  • LONDON, Jan 24- Britain's BT Group slashed its revenue, earnings and cash flow forecasts on Tuesday after it said an accounting scandal in its Italian business went far further than it previously thought. EBITDA c.7.9 bln stg c.7.6 bln stg Growth Broadly flat Normalised free 3.1-3.2 bln c.2.5 bln stg > 3.6 bln stg 3.0- 3.2 bln stg cash flow stg Dividend per 10 pct...

  • *Sees slowdown in UK public sector work. LONDON, Jan 24- BT lost a fifth of its market value on Tuesday when an Italian accounting scandal compounded a sudden slowdown in its British government work, forcing the telecoms group to cut forecasts for the next two years. "Public sector in the UK is also particularly challenging.

  • *Sees slowdown in UK public sector work. LONDON, Jan 24- BT lost almost a fifth of its market value on Tuesday after an Italian accounting scandal compounded a slowdown in its British government business to force the firm to cut revenue, earnings and cash flow forecasts for the next two years. The telecoms company, which had revealed an initial investigation into...

  • LONDON, Jan 24- Britain's BT cut its revenue, earnings and cash flow forecasts for the next two years on Tuesday after finding that improper accounting at its Italian business went far deeper than previously thought, sending its shares 15 percent lower. The telecoms company, which had revealed an initial investigation into historical accounting practices in...

  • LONDON, Jan 24- Britain's BT cut its revenue, earnings and free cash flow forecasts for 2017 and 2018 on Tuesday after finding that inappropriate accounting behaviour in its Italian business went far deeper than previously thought. BT, which had revealed an initial investigation into historical accounting practices in Italy in October, said a review had found...

  • LONDON, Jan 24- Britain's BT cut its revenue, earnings and free cash flow forecasts for 2017 and 2018 on Tuesday after finding that inappropriate accounting behaviour in its Italian business went far deeper than previously thought. BT, which had announced an initial investigation into historical accounting practices in Italy in October, said a review had...

  • The deal would resolve charges that accounting control failures at the automaker prevented GM from properly assessing the potential financial impact of the defective ignition switch, which led to vehicle recalls beginning in 2014, the SEC said. The largest U.S. automaker said in a statement it consented to an administrative SEC order, without admitting or...

  • Jan 17- Goldman Sachs Group Inc head of global compliance Alan Cohen is stepping down. Cohen, who will now be a senior adviser to Goldman's executive office, will be replaced by Controller and Chief Accounting Officer Sarah Smith, according to a firm memo on Tuesday. Smith will be replaced by deputy controller Brian Lee.

  • Jan 17- Goldman Sachs Group Inc head of global compliance Alan Cohen is stepping down. Cohen, who will now be a senior adviser to Goldman's executive office, will be replaced by Controller and Chief Accounting Officer Sarah Smith, according to a firm memo on Tuesday. A Goldman spokesman confirmed its contents.

  • The Securities and Exchange Commission in Washington

    The SEC is cracking down on non-GAAP accounting to rein in publicly traded companies that may be "creative" with their earnings, USA Today reports.