Please ensure Javascript is enabled for purposes of website accessibility
October 4, 2023

Accounting News Roundup: Google CFO Gets a Second Helping; Osbournes on a Crazy Tax Train; Is Distraction at Work Good for You? | 04.11.11

Level 3 Agrees to Purchase Global Crossing in $1.9 Billion All-Stock Deal [Bloomberg]
Level 3 Communications Inc. (LVLT), the Colorado-based provider of broadband services, agreed to buy Global Crossing Ltd. (GLBC) in a deal valued at about $1.9 billion. Level 3, based in Broomfield, will acquire Global Crossing in an all-stock transaction worth $23.04 a share, based on Level 3’s closing stock price on April 8, the companies said in a statement today. The value of the purchase is $3 billion, including the assumption of $1.1 billion in debt, they said.

Obama to Call for Broad Plan to Reduce Debt [NYT]
President Obama will call this week for Republicans to join him in writing a broad plan to raise revenues and reduce the growth of popular entitlement programs, as the battle over the nation’s financial troubles moves past Friday’s short-term budget deal and into a wider and more consequential debate over the nation’s long-term fiscal health.

More GoogQuake Aftershocks: CFO Patrick Pichette Adds BizOps and HR to His Duties [AllThingsD]
Pichette gets rewarded with more responsibility (and presumably, work) in Google’s managements shakeup.

Tax Indictment for Tax Activist [NYT]
Taxpayers have rights. It says so in the Colorado Constitution in an amendment known as Tabor, which passed in a voter referendum drive in the early 1990s that was led by a man named Douglas E. Bruce. Criminal defendants? Yes, they have rights, too, as Mr. Bruce learned the hard way last week after he was arrested for what prosecutors said was a failure to pay his taxes.

Corporate Governance At Berkshire Hathaway: Maybe It’s Not All That [Forbes]
Francine McKenna pokes around Berkshire’s sterling reputation.

Ozzy and Sharon Osbourne’s Massive IRS Tax Lien [TMZ]
The amount of cursing will be relatively unchanged.


In Praise of Distraction [TNY]
In other words, Going Concern March Madness made you better at your jobs.

Encore Energy Partners Dismisses Ernst & Young [CityBizList]
BDO will take it from here.

Toddler Mistakenly Served Alcohol at Applebee’s [WJBK]
The blood alcohol level in the 15-month old was .10, which is over the legal driving limit.

Level 3 Agrees to Purchase Global Crossing in $1.9 Billion All-Stock Deal [Bloomberg]
Level 3 Communications Inc. (LVLT), the Colorado-based provider of broadband services, agreed to buy Global Crossing Ltd. (GLBC) in a deal valued at about $1.9 billion. Level 3, based in Broomfield, will acquire Global Crossing in an all-stock transaction worth $23.04 a share, based on Level 3’s closing stock price on April 8, the companies said in a statement today. The value of the purchase is $3 billion, including the assumption of $1.1 billion in debt, they said.

Obama to Call for Broad Plan to Reduce Debt [NYT]
President Obama will call this week for Republicans to join him in writing a broad plan to raise revenues and reduce the growth of popular entitlement programs, as the battle over the nation’s financial troubles moves past Friday’s short-term budget deal and into a wider and more consequential debate over the nation’s long-term fiscal health.

More GoogQuake Aftershocks: CFO Patrick Pichette Adds BizOps and HR to His Duties [AllThingsD]
Pichette gets rewarded with more responsibility (and presumably, work) in Google’s managements shakeup.

Tax Indictment for Tax Activist [NYT]
Taxpayers have rights. It says so in the Colorado Constitution in an amendment known as Tabor, which passed in a voter referendum drive in the early 1990s that was led by a man named Douglas E. Bruce. Criminal defendants? Yes, they have rights, too, as Mr. Bruce learned the hard way last week after he was arrested for what prosecutors said was a failure to pay his taxes.

Corporate Governance At Berkshire Hathaway: Maybe It’s Not All That [Forbes]
Francine McKenna pokes around Berkshire’s sterling reputation.

Ozzy and Sharon Osbourne’s Massive IRS Tax Lien [TMZ]
The amount of cursing will be relatively unchanged.


In Praise of Distraction [TNY]
In other words, Going Concern March Madness made you better at your jobs.

Encore Energy Partners Dismisses Ernst & Young [CityBizList]
BDO will take it from here.

Toddler Mistakenly Served Alcohol at Applebee’s [WJBK]
The blood alcohol level in the 15-month old was .10, which is over the legal driving limit.

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

white alarm clock next to white coffee cup

Monday Morning Accounting News Brief: Blaming PwC’s Bro Culture; How Do We Do Office Professional Now? | 10.2.23

Hey, welcome to October. You have my permission to start putting up those Halloween decorations now. Let’s get right to it! The news, I mean. Here’s something for anyone who needs it (you know who you are): Back in the office? Here’s how to be professional in the workplace Bloomberg explains the PwC Australia tax […]

Funny white cat-an athlete in a yellow sports headband, lying with yellow footballs, dumbbells and a yellow alarm clock standing nearby.

Monday Morning Accounting News Brief: PwC Is Turning Work Down?; TIL the President of Nigeria Worked at Deloitte | 9.11.23

Yay it’s Monday again! Praise Pacioli, there’s actually some stuff going on this morning. Meet a 29-year-old accountant whose ‘resentment’ only climbed after her firm raised her salary from $60k to $90k as she made millions for them. She has her own firm now: Stephanie Heredia’s promotion came a year too late and more than […]