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Preliminary Analytics | 09.18.09

danny pang.jpgFinancier Pang Allegedly Had Drugs in His System at Death – “Newport Beach police believe the most likely explanation is that Mr. Pang, 42 years old, committed suicide, according to people close to the matter, but they are awaiting the coroner’s report for a definitive conclusion.” [WSJ]
Investors, It Pays to Mind the GAAP Gaps – “Companies in the Standard & Poor’s 500-stock index earned an estimated $13.81 a share in the quarter on an operating basis, compared with $13.51 in GAAP earnings. That is the closest those two earnings measures have been since the first quarter of 2000.” [WSJ]
Fed to screen U.S. bank pay policies: report – Basically, bankers would have to get approval from Dad before getting their allowance. [Reuters]
UBS Tax Net Snares Clients of Credit Suisse, Julius Baer, LGT – Eventually, just for simplicity and fairness, everyone will have to tell everyone else where they bank. [Bloomberg]