Accounting Differences Dampen Cross-Border Mergers [CFO]
Based on M&A deals in 32 countries between 1998 and 2004, the study found that differences in versions of generally accepted accounting principles used by acquirers and potential targets in different countries can decrease the number of mergers. The difference in standards might make it harder for acquirers to identify value-creation opportunities in the first place and to integrate acquisitions, says Shawn Huang, assistant professor at the University of Arkansas and a co-author of the study.
Nortel Case Nears Its End [GOA]
No rush really. It's only been 10 years.
Election is a Referendum on Tax Hikes [Martin Sullivan]
Deloitte & Touche expanding LI office [Newsday]
Jericho has added 26 people since May and is looking for more.
KPMG moves into new Short Hills office [NJ]
[Short Hills moves to] a 55,000 square-foot space at 51 John F Kennedy Parkway, said Kelly Watson, managing partner of the New Jersey practice. It previously occupied 70,000 square-foot space nearby at 150 JFK Parkway. What the firm loses in square-footage, it gains in the flexibility and advanced technology of the new work space, she said.
Six Former Deloitte Professionals Named 2012 Accounting Doctoral Scholars [Deloitte]
Shannon Chen – University of Texas (Austin, TX.) Matthew Erickson – University of Arizona (Tucson, AZ.) Nicholas Hallman- University of Missouri (Columbia, MO) Anne Podany-University of Missouri (Columbia, MO) R. William Snyder-University of Illinois (Champaign, IL) Brandon Szerwo -University of Washington (Seattle, WA).
What Business Schools Want [WSJ]
Gas prices in California hit new record high at $4.67 a gallon [LAT]
The cost of fueling up has soared in recent days, as refinery and pipeline problems squeezed supply. The steep and sudden run-up caused Gov. Jerry Brown to call Sunday for a quick infusion of winter-blend gasoline. At the pump, drivers first saw prices surge to an all-time high Saturday, when they hit $4.614 a gallon and beat out a previous record set in 2008. By Sunday, the price of a gallon of regular was at $4.655, according to AAA’s daily fuel-price survey.