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Corporate Finance Accounting

  • Jon Corzine, former chairman of MF Global Holdings Ltd., exits district court in New York, on Thursday, March 9, 2017.

    The last big legal battle around the demise of the failed brokerage has finally been put to rest.

  • NEW YORK— The trial between bankrupt brokerage MF Global, run by former New Jersey Governor Jon Corzine, and its former accounting firm, PwC, came to an unceremonious end on Thursday, with both parties saying they have reached a settlement. The trial, in the U.S. District Court of the Southern District of New York, was supposed to last five weeks. At the center of the...

  • NEW YORK, March 13- PricewaterhouseCoopers LLP on Monday said it may seek a mistrial in a $3 billion malpractice case over the collapse of Jon Corzine's MF Global Holdings Ltd, saying it was blindsided when the plaintiff changed its theory of why the brokerage failed. The auditor has been accused by MF Global's bankruptcy administrator of accounting...

  • NEW YORK, March 13- PricewaterhouseCoopers LLP on Monday said it may seek a mistrial in a $3 billion malpractice case over the collapse of Jon Corzine's MF Global Holdings Ltd, saying it was blindsided when the plaintiff changed its theory of why the brokerage failed. The auditor has been accused by MF Global's bankruptcy administrator of accounting...

  • *MF Global administrator eyes $3 billion damages from PwC. NEW YORK, March 10- Former New Jersey Governor Jon Corzine on Friday resisted accepting blame for the October 2011 collapse of his brokerage MF Global Holdings Ltd, repeatedly stressing his reliance on judgments by the auditor PricewaterhouseCoopers LLP. Corzine was testifying for a second day for MF...

  • *MF Global administrator eyes $3 billion damages from PwC. NEW YORK, March 10- Former New Jersey Governor Jon Corzine on Friday resisted accepting blame for the October 2011 collapse of his brokerage MF Global Holdings Ltd, repeatedly stressing his reliance on judgments by the auditor PricewaterhouseCoopers LLP. Corzine was testifying for a second day for MF...

  • NEW DELHI, March 10- India's state-owned airline Air India understated its operating losses by nearly $1 billion over three fiscal years to March 2015, the federal auditor said in a report, highlighting the carrier's financial distress. Air India did not make certain provisions required under accounting standards and valued some assets differently,...

  • *MF Global administrator eyes $3 billion damages from PwC. NEW YORK, March 9- Former New Jersey Governor Jon Corzine defended his big bet on European sovereign debt at MF Global Holdings Ltd, and said market confusion over the wager and changing advice from auditor PricewaterhouseCoopers LLP were factors in the brokerage's rapid collapse.

  • *MF Global administrator eyes $3 billion damages from PwC. NEW YORK, March 9- Former New Jersey Governor Jon Corzine defended his big bet on European sovereign debt that was a major factor in the collapse of his company MF Global Holdings Ltd, and said the auditor of the futures and commodities brokerage should have flagged any accounting problems.

  • MOSCOW, March 9- The supervisory board of Russian bank VTB will recommend paying dividends of 90 percent of net profit according to Russian accounting standards for the bank's 2016 results, Deputy Finance Minister Alexei Moiseev said on Thursday. VTB Chief Financial Officer Herbert Moos said in January that state-controlled VTB could pay 2016 dividends of...

  • March 7- Facebook Inc said on Tuesday it appointed LinkedIn executive Susan Taylor as chief accounting officer, effective April 17. Taylor is presently the vice president, controller, and chief accounting officer of Microsoft Corp's LinkedIn Corp. She will resign from the professional social network effective March 24, Facebook said. Taylor will receive an...

  • Accounting software platform Xero takes on Asia

    Rod Drury, CEO of Xero, talks about how his company provides accounting software to small businesses via the cloud.

  • Homex agreed to the settlement, which must still win court approval, without admitting or denying the charges, the SEC said. Shares of Homex have been suspended until March 17, the SEC said separately, citing "a lack of adequate and accurate information" in the company's annual reports. Mexico's National Bank and Securities Commission said it worked with the SEC...

  • Homex agreed to the settlement, which must still win court approval, without admitting or denying the charges, the SEC said. "The company will abide by the SEC resolution and continue to collaborate with the Commission and will provide any information requested by the authority relating to third parties," Homex said in a statement. Shares of Homex have been...

  • Homex agreed to the settlement, which must still win court approval, without admitting or denying the charges, the SEC said. Shares of Homex have been suspended until March 17, the SEC said separately, citing "a lack of adequate and accurate information" in the company's annual reports. The settlement follows the SEC probe announced last year against Homex, which...

  • LONDON, March 2- About one third of audits of London- listed companies sampled by Britain's accounting regulator lack rigor and need improvements, the watchdog said in a report published on Thursday. The Financial Reporting Council, publishing the findings of its latest review of control processes, said all auditors had procedures and dedicated resources for...

  • 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.