• Ernst & Young settles Akai case – No deets disclosed. [FT]
• Chase and Bank of America Revise Fee Policies – Under duress of course. [NYT]
• Moody’s accused of issuing inflated ratings: report – Ratings were bupkis, why wouldn’t their numbers be? [Reuters]
• J&J CFO: Biggest Nightmare Is Public Health Option – It’s not a nightmare for everyone. [CFO]
• Former eBay Chief Running for Governor of California – Good luck. Seriously, you’ll need it. [DealBook]
Related Posts
Preliminary Analytics | 12.28.09
• A Modest List of Financial Analysis ‘Red Flags’ – “Patrick Byrne is the CEO” isn’t one of them but Overstock.com does get mentioned. [The Accounting Onion]
• Tax Vox’s Lump of Coal Award: The Worst Tax Ideas of 2009 – California gets its very own spot at #4. [Tax Vox]
• War on Wall Street as Congress Sees Returning to Glass-Steagall – Bank break up courtesy of Maverick? [Bloomberg]
• How the VP of Finance at Koss steals millions – “For the year ended 6/30/09, Koss had sales of $38.2 million and profits of $2 million. For the year ended 6/30/08, Koss had sales of $50 million and profits of $4.5 million. If Sachdeva stole $20 million over the last four years, that’s $5 million per year…. and far exceeds the profits for the last couple of years. How did no one notice?” [The Fraud Files Blog]
• New security restrictions could hurt airlines – As if they needed help. [Reuters]
• Black Eyed Peas Didn’t File Tax Returns for Years – Due to ‘an inadvertent oversight’. [Web CPA]
• Gee, Who WASN’T Bribed? – This involves one large process of elimination. [The Market Ticker]
We understand that the first day back after the Christmas break could be one of the worst on the entire year. Especially if you’re one of the few actually working. We’ll check in with you unfortunate souls later today.
Preliminary Analytics | 11.09.09
• I’m doing ‘God’s work’. Meet Mr Goldman Sachs – Hey! Us too! [Times Online]
• Bear Stearns Casualty Earns $1.6 Million at Poker World Series – Steven Begleiter was a 24 year vet at Bear Stearns who sat on the bank’s management and compensation committees. [Bloomberg]
• Health Bill Faces Senate Heat – “If the public option plan is in there, as a matter of conscience, I will not allow this bill to come to a final vote,” Sen. Joe Lieberman (I., Conn.) said on Fox News Sunday. With the passage of the House bill, Congress moved closer than ever to providing Americans with near-universal health insurance” [WSJ]
• Kraft Makes $16.3 Billion Hostile Bid for Cadbury – Kraft is done playing. They want confections and they want them now. [NYT]
• Bad credit card debts ‘will soar’ – “Bad credit card debts may reach as much as 9% of all outstanding balances by the end of next year,” according to PwC. [BBC]
• Don’t forget to submit your caption on the Feed the Pig at the NYC Marathon caption contest!
Preliminary Analytics | 01.06.10
• Galleon’s Rajaratnam Paid Tipster, Filing Says – Raj’s total haul is now $36 mil with the new allegations. [WSJ]
• Buffett Hits Kraft on Cadbury – You know it’s serious when the WB manages to avoid any metaphors that mention hookers, ED meds, or just copulation in general. [WSJ]
• Bad Tax Prep Is A Symptom, Not the Disease – “[C]racking down on those seasonal shysters who abuse the system is only attacking a symptom of the real disease, which is our insanely complex tax code.” [Tax Vox]
• The shortlist for worst takeover of the century – The Telegraph isn’t going to let Gerald Levin just claim this without throwing a few more options out there. [Telegraph]
• Global Financial Regulation Overhaul Seen In 2010 – Got show some results, it’s an election year and all. [Reuters via NYT]
• UBS whistleblower Bradley Birkenfeld deserves statue on Wall Street, not prison sentence – The man is a national treasure. [NYDN]
• Connecticut Sen. Christopher Dodd won’t seek reelection, will retire at end of term – New blood! [WaPo]