"Big Four" to audit Spain's banking sector [Reuters]
Spain has picked the "Big Four" accounting firms KPMG, PwC, Deloitte and Ernst & Young to carry a full, individual audit of its ailing banks, a source with knowledge of the decision told Reuters on Saturday. The review, which should take a few months, will complement an ongoing exercise to stress test Spain's banking sector by consultors Oliver Wyman and Roland Berger, whose first results are expected around mid-June. "I can confirm (the names)," the source said.
An array of health and anticancer groups has rallied behind a ballot initiative to impose a new $1-a-pack cigarette tax to finance cancer research. And that has provoked a $47 million storm of advertisements, overwhelmingly financed by the tobacco industry, which is outspending proponents by nearly four to one to defeat the biggest threat it has faced in California in more than a decade.
Yes, apparently there's a magazine.
Navigant Consulting Sues Stockman Over Forensic Accounting [BBW]
David Stockman, the former Reagan administration budget director, was sued by the forensic accounting firm Navigant Consulting Inc. over claims he failed to pay $297,000 for work done for his defense in a fraud case. Stockman was indicted in 2007 on charges that he misled investors in Collins & Aikman Corp. when he served as its chief executive officer. U.S. prosecutors in New York dropped the case two years later.
FYI.
Catalina Clouser, Pot-Smoking Mother, Drives Off With Baby On Roof [Reuters]
A marijuana-smoking woman was arrested on Saturday in Phoenix after she accidentally drove away with her five-week-old son in a child safety seat on the roof of her vehicle, police said. The baby fell off the car in the middle of an intersection and was found unharmed and strapped into the seat, said Phoenix police spokesman James Holmes. The mother Catalina Clouser, 19, was booked into jail on child abuse and aggravated assault charges, he said. The infant was taken to a local hospital as a precaution and is in the custody of state Child Protective Services. "It appears the suspect put the baby on the roof of the car and drove off, forgetting he was still on the roof," Holmes said in a written statement.