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Corporate Finance Accounting

  • LONDON, Sept 3- Three former senior executives of Tesco accused of fraud and false accounting at Britain's biggest retailer are due to go on trial on Monday in a London court. Christopher Bush, who was managing director of Tesco UK, Carl Rogberg, who was UK finance director, and John Scouler, who was UK food commercial director, are all charged with one count of fraud by...

  • Aug 29- Britain's financial watchdog has launched an investigation into Mitie over its 2015-16 results and the timing of a September 2016 profit warning, adding to problems at the outsourcing company as it tries to revive its fortunes. Last month, Britain's accounting watchdog said it was investigating Deloitte over its auditing of Mitie's books.

  • Cramer Remix: Believe it or not—not all of retail is falling victim to Amazon

    Cramer explains how these merchants are fighting back against "the dark star" of retail.

  • Jim Cramer on Mad Money.

    Jim Cramer explains how these merchants are fighting back against "the dark star" of retail.

  • In the absence of tax reform, 'we'll do the job for Congress,' says TurboTax parent's CEO

    Jim Cramer spoke with Intuit CEO Brad Smith, who clarified the misconception that tax simplification is bad for the TurboTax parent.

  • TurboTax parent's CEO: In the absence of tax reform, 'we'll do the job for Congress'

    Jim Cramer spoke with Intuit CEO Brad Smith, who clarified the misconception that tax simplification is bad for the TurboTax parent.

  • Brad Smith, president and chief executive officer of Intuit Inc.

    Jim Cramer spoke with Intuit CEO Brad Smith, who clarified the misconception that tax simplification is bad for the TurboTax parent.

  • HAMBURG, Aug 24- German prosecutors said they were investigating four current and former executives of South Africa's Steinhoff for suspected accounting fraud, allegations which sent the furniture retailer's shares plummeting on Thursday. Steinhoff denied any wrongdoing in response to allegations published in German monthly Manager Magazin which...

  • FRANKFURT, Aug 24- German prosecutors are investigating Steinhoff CEO Markus Jooste and some other senior managers at the furniture retailer in connection with suspected accounting fraud, monthly Manager Magazine reported, citing no sources. Steinhoff's German-listed shares dropped to a record low and were down 7.4 percent to 3.92 euros at 1126 GMT.

  • FRANKFURT, Aug 24- German prosecutors are investigating Steinhoff CEO Markus Jooste and some other senior managers at the furniture retailer in connection with suspected accounting fraud, monthly Manager Magazine reported, citing no sources. Steinhoff's German-listed shares dropped to a record low and were down 5.7 percent to 3.99 euros at 0812 GMT.

  • LONDON, Aug 16- Britain's accounting watchdog has fined audit firm PricewaterhouseCoopers LLP a record 5.1 million pounds and given it a severe reprimand after it admitted misconduct when auditing collapsed accounting firm RSM Tenon. The Financial Reporting Council said PwC and senior audit partner Nicholas Boden admitted a series of failures when they...

  • TOKYO, Aug 10- Cash-strapped Toshiba Corp has staved off delisting after its accounting won auditor approval, albeit with a stern rebuke, leaving its listed status largely dependent on whether it can complete the stalled sale of its chip business by March. "It's cleared the first hurdle," said Makoto Kikuchi, chief executive at Myojo Asset Management.

  • TOKYO, Aug 10- Toshiba Corp's auditor gave an "adverse opinion" on the company's internal controls in an annual report filed on Thursday, showing the Japanese industrial conglomerate has a way to go before regaining the market's trust following a 2015 accounting scandal.

  • *PwC hasn't endorsed Toshiba's books since June 2016 appointment. TOKYO, Aug 7- Toshiba Corp may gain a partial endorsement from its auditor for its annual financial results after disagreements over accounting for the much of the year, Japanese media reported- a step that would lessen, but not remove, the risk of a delisting. For Toshiba, which was demoted to the...

  • HONG KONG, Aug 7- Short sellers are increasingly targeting Hong Kong- listed Chinese companies they allege have committed accounting tricks, market manipulation and fraud. Short sellers said increasing capital flows between mainland China and Hong Kong, spurred by Beijings recent moves to open up its equity markets, were exacerbating corporate governance...

  • *Will cut 3,000 jobs by 2020 in latest cost-savings plan. LONDON, Aug 4- British education group Pearson is cutting 3,000 jobs and slashing its dividend in its latest attempt to revive a business hit by the shift to digital from paper textbooks. The job losses, accounting for almost 10 percent of the group total, are part of Chief Executive John Fallon's third...

  • WASHINGTON, Aug 2- Accounting company PricewaterhouseCoopers LLP will pay $1 million to settle a civil complaint alleging it conducted a flawed audit into Merrill Lynch's compliance with federal brokerage customer protection rules, U.S. audit watchdogs said on Wednesday. The PCAOB's penalty against PwC comes a little over a year after the Securities and...

  • WASHINGTON, Aug 2- Accounting company PricewaterhouseCoopers LLP will pay $1 million to settle a civil complaint alleging it conducted a flawed audit into Merrill Lynch's compliance with federal brokerage customer protection rules, U.S. audit watchdogs said on Wednesday. The PCAOB's penalty against PwC comes a little over a year after the Securities and...

  • WASHINGTON, July 27- Oil company Halliburton Co will pay $29.2 million to settle civil charges it violated federal anti-bribery rules related to books, record-keeping and internal accounting controls while doing business in Angola, U.S. regulators said on Thursday. The Securities and Exchange Commission said Halliburton's former vice president, Jeannot...

  • WASHINGTON, July 27- Oil giant Halliburton Co will pay $29.2 million to settle civil charges it violated federal anti-bribery rules related to books, record-keeping and internal accounting controls while doing business in Angola, U.S. regulators said Thursday. The Securities and Exchange Commission said Halliburton's former vice president, Jeannot...