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Corporate Finance Accounting

  • WILMINGTON, Del, June 27- The Delaware Supreme Court ruled in favor of Chicago Bridge& Iron Co on Tuesday in a $2 billion dispute with Westinghouse Electric Co that stems from cost overruns at a pair of unfinished U.S. nuclear power plants. Tuesday's ruling will prevent Westinghouse from bringing to the auditor issues tied to historical accounting, which made up...

  • Irwin Simon, president and chief executive officer of Hain Celestial Group Inc.

    With an internal probe over, Hain CEO Irwin Simon is upbeat on what's ahead and sees a silver lining to the Amazon-Whole Foods deal.

  • BRUSSELS, June 21- Tax advisers in the European Union risk fines for helping companies to cut their tax bills by shifting profits to low-tax countries, if proposed new EU legislation gets approval. Under the draft law, proposed by the European Commission on Wednesday, tax advisers including the Big Four accounting firms, banks and lawyers, would be required to...

  • June 15- The U.S. Department of Justice is investigating some of the ways Booz Allen Hamilton Holding Corp, one of the largest consulting firms in the world, charges the government for services and accounts for costs, the company said in a filing on Thursday that sent its shares down 12 percent after the bell. Headquartered in McLean, Virginia near the Central...

  • June 15- Consulting firm Booz Allen Hamilton Holding Corp said on Thursday the U.S. Department of Justice was investigating some of its finances including. The Justice Department informed one of its units of the investigation earlier this month, the company said in a filing on Thursday. Public affairs representatives at the Justice Department did not respond...

  • Booz Allen Hamilton's cyber solution facility.

    Booz Allen Hamilton's stock sank 13 percent in afterhours Thursday on news it's the target of a U.S. civil and criminal probe.

  • June 15- Booz Allen Hamilton Holding Corp said the U.S. Department of Justice was investigating some of its cost accounting and indirect cost charging practices with the government, sending its shares down 12 percent after the bell. The Justice Department informed a unit of the consulting firm, Booz Allen Hamilton Inc, of the investigation earlier this month,...

  • June 15- Booz Allen Hamilton Holding Corp said on Thursday that the U.S. Department of Justice was conducting an investigation related to some of its cost accounting and indirect cost charging practices with the U.S. government. The company said its audit processes had not identified any material weaknesses or "significant erroneous cost charging", according...

  • The company said it now expects adjusted earnings of $2.00 to $2.05 per share for the year ending January 2018, down from an earlier forecast of $2.21 to $2.25. Kroger estimated a LIFO charge an accounting method for inventory of $80 million, compared to an earlier estimate of $25 million. Net earnings attributable to Kroger plunged to $303 million, or 32 cents per...

  • LONDON, May 18- Insurers in over 100 countries face a "once in a lifetime" accounting change from January 2021 with the introduction of a uniform international book-keeping standard, details of which will be published on Thursday. The new rule from the International Accounting Standards Board will affect 450 listed insurers who manage $13 trillion in assets.

  • LONDON, May 18- Insurers in over 100 countries face a "once in a lifetime" accounting change from January 2021 with the introduction of a uniform international book-keeping standard, details of which will be published on Thursday. The new rule from the International Accounting Standards Board will affect 450 listed insurers who manage $13 trillion in assets.

  • LONDON, May 11- BT, Britain's biggest telecoms group, said it would shake up its global service division that serves multinationals and scale back its dividend growth ambitions as it recovers from an accounting scandal in Italy and a profit warning. Reporting fourth-quarter revenue of 6.12 billion pounds, up 10 percent, and adjusted earnings of 2.07 billion...

  • LONDON, May 11- Britain's accounting watchdog has fined PwC a record five million pounds over the way it checked the books of collapsed social housing maintenance company Connaught. The Financial Reporting Council also fined Stephen Harrison, a retired PwC audit partner, 150,000 pounds for misconduct in relation to the 2009 audit of listed Connaught, which...

  • LONDON, May 11- BT, Britain's biggest telecoms group, said it would shake up its global service division that serves multinationals and scale back its dividend growth ambitions as it recovers from an accounting scandal in Italy and a profit warning. Reporting fourth-quarter revenue of 6.12 billion pounds, up 10 percent, and adjusted earnings of 2.07 billion...

  • LONDON, May 11- BT, Britain's biggest telecoms group, said it would shake up its global service division that serves multinationals and scale back its dividend growth ambitions as it recovers from an accounting scandal in Italy and a profit warning. Reporting fourth-quarter revenue of 6.12 billion pounds, up 10 percent, and adjusted earnings of 2.07 billion...

  • *Union Properties volatile in tussle over board membership. *Strong Q1 earnings boost Qatar's Ezdan Holding. DUBAI, May 1- Most Gulf stock markets rose on Monday, with shares in healthcare and education investment company Amanat Holdings accounting for more than 40 percent of Dubai's market volume with a 4.5 percent rise.

  • Toshiba Corp CEO Satoshi Tsunakawa bows as the start of a news conference at the company's headquarters in Tokyo, Japan, April 11, 2017.

    Toshiba axing PwC as its accountant is an ugly look for a firm that badly needs to win back investors' trust, says Breakingviews' Quentin Webb.

  • TOKYO, April 26- Toshiba Corp, the troubled Japanese conglomerate, wants to replace auditor PricewaterhouseCoopers Aarata to resolve an impasse over full-year earnings and remain listed, two sources briefed on the matter said. Ernst& Young ShinNihon LLC, its auditor at the time, was fined for failing to spot irregularities. Toshiba and its auditor have been at...

  • The Wall Street Journal reported that a KPMG employee received "improper advance warnings" of inspections and shared it with executives.

  • Toshiba will file its twice-delayed earnings results as early as noon Tuesday, with a disclaimer of opinion from auditors, Reuters reported.