Accounting News

City Comptroller Bill Thompson announced just now that he is gong to audit all member items from the City Council. via Observer.com - All Articles

“We intend to keep adding servicing ... because we think the mortgage business is fundamental to America”

Billionaire investor Wilbur Ross, who made his fortune making bold investments on distressed industries, said on Wednesday that he expects his next bet to be on banks. via Reuters

Moscow, April 9 International accounting firm Ernst and amp; Young has received a back tax claim for over 390 million rubles in Russia, following a similar claim pressed against PricewaterhouseCoopers, business ... via India eNews

Online advertising spend is set to overtake television spend by the end of 2009 as social networking sites such as MySpace and Facebook continue to have a massive impact on the ad market. via Mad.co.uk

The liquidators of two Bear Stearns Cos mortgage hedge funds that collapsed last year, filed suit Monday against the company and its auditor, Deloitte & Touche, seeking to recover over $1 billion in losses. via Insurance Journal West

“With broadband speeds on the up and consumers spending more time on more sites, the outlook for online advertising is rosy -- in fact we expect it to overtake TV in 2009 when it will become the UK's biggest medium”

The Internet will usurp television as the biggest advertising medium in Britain by the end of 2009, according to a report published on Monday. via Reuters

“Our manufacturing is basically stable, and our construction declines are nowhere near as steep as the national drop”

Typically, from 20 to 25 unemployed job hunters attend the weekly job-transition support group meetings at Johnson County Community College.

This week the number swelled to 38.

'People are bleeding out from multiple industries around town,' said Laura Johannesmeyer, who convenes one of about a dozen such groups that meet in the Kansas City area.

'It's not just from Sprint. It's H&R Block, Hallmark, Cerner. ... All our big employers are laying off. We've been losing ground.'

The uptick in what Johannesmeyer described as job hunters who are 'highly skilled, trained workers' puts a local marker on a national jobs report released Friday that supported growing consensus that the economy is slipping into recession. Read more

“No laughing at all, absolutely not”

It's April 5. Do you know where your W-2s are? If you've procrastinated in filing your taxes this year, you're certainly not alone. And not that we want you to panic, but -- you're getting down to the wire, Bub. And when you feel the deadline pressure -- the hot, cigar-laced breath of the IRS breathing down your neck -- you may be tempted to rush. And when we rush, we have a tendency to muck things up. So with 10 days left to file your returns, we offer 10 tips to help you avoid taxation devastation. Read more

The Company acknowledges it needs to raise additional capital this year. As of December 31, 2007, the Company had cash and cash equivalents and short term investments of approximately $3.6 million. via PR-inside.com

“Beaverbrook: A Shattered Legacy”

A look at popular gun culture and a scathing attack on the way the Alberta government has proceeded with oilsands development are among the five finalists for the 23rd annual National Business Book Award. via 102.9 CKDS-FM

“It is disappointing but I can't say these results are shocking”

Initial public offerings during the period totalled $148-million, compared with IPOs totalling $300-million in the first quarter of 2007, as a host of negative factors dragged on markets and the overall ... via Globeinvestor.com

Xerox Corp. , the world's largest maker of high-speed color printers, said it received preliminary court approval to settle an eight-year-old investor lawsuit for $670 million. via Bloomberg

“We were keen to strengthen our presence in the region after establishing Tasman Bay Finance two years ago”

South Canterbury Finance said it has purchased the loan book of Nelson-based Finance and Investments from receiver PricewaterhouseCoopers for an undisclosed sum. via The Nelson Mail

“We can expect further tough times in the financial sector and as this feeds through into the wider economy, it will inevitably be felt through slower growth this year and next.”

As the hope of an uplift in economic fortunes diminishes, banking and insurance organisations are redrafting their investment plans, with a slowdown on IT spending firmly on the hitlist. via BusinessWeek

“The lagged effect of higher official and commercial interest rates and the sustained high level of the exchange rate will continue to be felt over the next few quarters”

High interest rates continued to keep Australian manufacturing activity subdued in March, a survey shows. via The Sydney Morning Herald

Financial firms have reported a rise in job cuts over the last quarter as operating costs rise and the credit crunch bites, according to research. via Shropshire Star

“I'd like to thank my family, my friends, my many supporters, my legal team...it's been a long process and I'm glad it's over”

A New Zealand woman has settled out of court in her multi-million dollar sexual harassment case against financial giant PricewaterhouseCoopers. via Tvnz.co.nz

“Naturally, the current volatility in world financial markets, and the upward trend in Australian interest rates, are having a big impact on small businesses”

MORE than half the country's small business owners feel a recession is on the way as rising interest rates and global market instability takes it toll on confidence, a new survey shows. via The Courier Mail

H&R Block Inc., the biggest U.S. tax preparer, said fees collected at retail branches from helping Americans file their tax returns rose 9 percent as customers applied for rebates under the federal stimulus ... via Worcester Telegram & Gazette

OpenOffice 2.4.x will be the last release of OpenOffice that requires the X11 system to run on a Mac. via MacNewsWorld