Preliminary Analytics | 09.11.09

sexy accountant.jpgAccountants Misled Us Into Crisis – Yes. You. [Floyd Norris/NYT]
Prosecutors Are Poised to Impanel AIG Grand Jury – “In the AIG matter, the swaps at issue led to billions of dollars in write-downs for the insurer after PricewaterhouseCoopers LLP, its auditor, said the process AIG used to value them was flawed. Pricewaterhouse could be called to testify about, among other things, the way in which it came to determine there was a material weakness in the internal controls used by Mr. Cassano’s group to value the swaps, the people familiar with the matter said.” [WSJ]
Bloomberg Among Potential Bidders for McGraw-Hill’s BusinessWeek – Whether the Big 4 remains on the Launch list remains to be seen. [WSJ]
New Charges in Stanford Case – “Mr. Perraud arranged for a shredding company to come to the office and supervised the shredding of a 95-gallon bin full of documents, the indictment said.” This guy thought he knew how to destroy documentation. Fool. Leave that to us. [Reuters via NYT]

sexy accountant.jpgAccountants Misled Us Into Crisis – Yes. You. [Floyd Norris/NYT]
Prosecutors Are Poised to Impanel AIG Grand Jury – “In the AIG matter, the swaps at issue led to billions of dollars in write-downs for the insurer after PricewaterhouseCoopers LLP, its auditor, said the process AIG used to value them was flawed. Pricewaterhouse could be called to testify about, among other things, the way in which it came to determine there was a material weakness in the internal controls used by Mr. Cassano’s group to value the swaps, the people familiar with the matter said.” [WSJ]
Bloomberg Among Potential Bidders for McGraw-Hill’s BusinessWeek – Whether the Big 4 remains on the Launch list remains to be seen. [WSJ]
New Charges in Stanford Case – “Mr. Perraud arranged for a shredding company to come to the office and supervised the shredding of a 95-gallon bin full of documents, the indictment said.” This guy thought he knew how to destroy documentation. Fool. Leave that to us. [Reuters via NYT]

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Preliminary Analytics | 01.19.10

Thumbnail image for bored.jpgTyco to Buy Brink’s Home Security for $2 Billion – “Tyco International Ltd. announced plans to buy Brink’s Home Security Holdings Inc., also known as Broadview Security, for $2 billion, the first major acquisition for Tyco in eight years since the company was rocked by scandal and split into several pieces.” [WSJ]
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More Men Marrying Wealthier Wives – This doesn’t mean that you get to stay home glued to the Playstation. [NYT]
Citigroup Loses $7.6 Billion on Costs to Repay Bailout Funds – The streak of three “profitable” quarters ends. [Bloomberg]

Preliminary Analytics | 01.18.10

Thumbnail image for dubai-the-world.jpgDefending Koss And Their Auditors: Just Loopy Distorted Feedback – Francine’s take on the Koss fraud. [Re: The Auditors]
Koss Corp. Fraud: Defending Grant Thornton? No. &ndsah; Tracey Coenen says Koss’ incestuous management deserves the blame regardless of GT’s obvious BFMs. [Fraud Files Blog]
Creditors put Dubai World debt up for sale – Some aren’t crazy about the whole Dubai World debt restructuring and are looking to dump the credit for “70 per cent of face value.” [FT]
Now and in the Future – Are people changing their maxed out credit card ways for good? [Financial Armageddon]
Wired on Wall Street: Trader Betrays a Friend – David Slaine is a mole for the Feds that “has provided leads on possible insider trading by others not yet implicated in a sprawling case involving hedge fund Galleon Group, people familiar with the matter say.” And he’ll definitely nail you if you don’t like to share: “In 1993, he triggered a fist-fight with a colleague on the trading floor after needling him because he wouldn’t share his french fries.” [WSJ]
Martin Luther King, Jr. Day – We assume most of you are working but If you’re not, go volunteer. It won’t kill you. [MLKDay.gov]