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Corporate Finance Accounting

  • *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.

  • 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.