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Corporate Finance Accounting

  • CHICAGO, Oct 27- Package delivery company United Parcel Service Inc on Thursday reported a higher quarterly net profit that met expectations and reiterated its full-year 2016 earnings outlook, but warned that its fourth-quarter results could be affected by a year-end mark-to-market pension accounting adjustment. Some 1,200 mechanics and other workers...

  • CHICAGO, Oct 27- Package delivery company United Parcel Service Inc on Thursday reported a higher quarterly net profit that met expectations and reiterated its full-year 2016 earnings outlook, but warned that its fourth-quarter results could be affected by a year-end mark-to-market pension accounting adjustment. The Atlanta- based company reported...

  • WASHINGTON, Oct 26- Exxon Mobil Corp and accounting firm PwC must turn over documents related to the oil major's representations of the impact of climate change on its business and assets, the New York Supreme Court ruled on Wednesday. Attorney General Eric Schneiderman's office on Oct. 14 asked the court to compel PwC to comply with an August subpoena and hand...

  • The SEC also reached deals with Joaquin Alberto Dos Santos Almeida, an ex-vice president of operations; Karan Raina, an ex-director of operations; Julianne Chandler, a former corporate controller; and James Smith, an ex-executive vice president. According to the SEC, while working in Lime's utilities division, Almeida and Raina began recognizing millions of...

  • *Listed Saudi firms to adopt IFRS by 2017. DUBAI, Oct 16- Saudi Arabia's securities regulator has acted to prevent big swings in the valuations of companies' assets after they shift to new accounting standards next year. In a statement on Sunday, however, the Capital Market Authority directed that for the first three years after IFRS adoption, companies should...

  • Comedy concert film " Kevin Hart: What Now?" The Emily Blunt thriller finished in a tie for second with " Kevin Hart: What Now? Anna Kendrick, J.K. Simmons, Jon Bernthal, Jeffrey Tambor and John Lithgow also star.

  • DUBAI, Oct 16- Saudi Arabian companies already grappling with the effects of low oil prices and government austerity measures face a fresh challenge from new accounting standards that could provide windfall gains for some but saddle others with higher charges. As part of efforts to bring the Saudi stock market into the global investing mainstream, the...

  • The company said on Thursday it expects 2016 earnings per share of $6.60- $6.64, down from its previous forecast of $6.60- $6.70. The company also said it had recast results for the first and second quarter to reflect the adoption of the Financial Accounting Standards Board's accounting standards for stock compensation, ahead of the mandatory effective date in...

  • NEW YORK, Oct 4- The scandal over improper sales practices at Wells Fargo& Co extended to thousands of small-business owners, according to a U.S. lawmaker, raising questions about the scope the bank's issues with unauthorized accounts. David Vitter, a Louisiana Republican, demanded that Wells Fargo Chief Executive John Stumpf provide a "full accounting" of...

  • SEC investigating Exxon Mobil -DJ

    CNBC's Sue Herera reports that the SEC is investigating Exxon Mobil on climate change and accounting practices, according to Dow Jones.

  • Ernst & Young settles charges tied to former employees

    The accounting firm will pay a fine of $9.3-million to settle charges that two former auditors got 'too close' to clients.

  • Ernst and Young signage in New York City.

    Accounting firm Ernst & Young will pay $9.3 million to settle charges that two of its former auditors got "too close to clients on a personal level."

  • Tim Cook, chief executive officer of Apple.

    The European Union's fight for Apple's tax money may actually create setbacks for tax reform, a former U.S. tax authority told CNBC.

  • U.S. regulators said AstraZeneca will pay $5.52 million to resolve a foreign bribery probe into improper payments by its sales and marketing staff.

  • Hain Celestial on pace for worst day ever

    Jon Najarian discusses buying Hain calls last week as today's news of delayed earnings sends the stock tumbling, with the "FMHR" traders.

  • Analyst: Modeling Hain a 'black hole'

    Bill Chappell, SunTrust Robinson Humphrey Consumer Products Analyst, discusses his downgrade of Hain Celestial following the news that the natural food maker is delaying its earnings due to an accounting review.

  • Cramer: Hain, you can't own the stock here

    CNBC's Jim Cramer weighs in on Hain Celestial after the company announced it will delay its annual earnings reports and shares plummeted.

  • Hain Celestial shares plunge

    CNBC's Sara Eisen reports Hain Celestial's announcement its annual report will be delayed due to some accounting issues.

  • Itochu Glaucus

    Soren Aandahl of Glaucus Research Group notes that the Japanese firm has three material accounting issues, and warns that Itochu's record profits are merely a mirage.

  • Malaysia's troubled wealth fund 1MDB has revealed that Deloitte told it in February it would quit as auditor as soon as a replacement was found.