• How to Audit-Proof Your Tax Return: Don’t e-File – Those IRS reviewers aren’t too keen on looking at numbers on paper. [TaxProf Blog]
• Unemployment in U.S. Jumps to 10.2%, Payrolls Fall by 190,000 – Double digits for the first time since ’83 [Bloomberg]
• AIG posts second consecutive quarterly profit – $455 million is not going to cut it. Step it up AIG. [Reuters]
• Inside-Trade Probe Snares ‘Octopussy’ – Whew. Without nicknames, this story wouldn’t be taken nearly as seriously. [WSJ]
Related Posts
Preliminary Analytics | 09.02.09
• OTB Is in Financial Trouble, but It’s Ready to Roll – Sometimes, time-honored traditions such as OTB are allowed certain concessions. [NYT]
• Madoff Details, and Property, on Tap – “[Inspector General David] Kotz turned over the report to SEC Chairman Mary Schapiro late Monday, and it is likely to be released within a week after the SEC’s five commissioners review it.” Probably no details on girth, etc. [WSJ]
• Disney Deal Could Spark Imaginitive M&A Ideas “When merger momentum really gets going, companies splash out for takeovers that make little sense to anyone except the investment bankers involved.” [DealBook]
• Stanford Back in Jail After Medical Tests – An aneurysm can’t keep Stan out of jail. DON’T MESS WITH TEXAS. [DealBook]
Preliminary Analytics | 12.30.09
• Kansas City Fed’s Denver Branch Gives Us a Peek into the Fed’s Secret Decision-Making Process – This should explain some things. [JDA]
• Are lawsuits against CPA’s poised to spike? – “After a year of record-setting investor losses, a leading securities attorney warned that accounting firms will face a rising tide of enforcement actions and litigation in 2010, and should take steps to ensure their client relationship practices reflect recent court decisions.” [CPA Trendlines]
• Jean Stephens, CEO RSM International – The make up sex between RSM and M&P gets a little attention but alas, no mention of NG. [Web CPA]
• GMAC Set for Another Cash Infusion – According to those familiar with the sitch, GMAC is looking to get an additional $3.5 billion on top of the $12.5 bil that’s already been thrown at them. [WSJ]
• FDIC Moves to Seize Slice of Bank-Stock Rallies – “Starting next year, the Federal Deposit Insurance Corp. will ask bidders for some seized banks to offer the agency a chance to profit if the deal is well-received by the buyer’s shareholders.” If banks are going to keep failing, why not get in on this action? [WSJ]
• More ammo for the bazooka – Will the crack fiend aka the housing market score again? [Rolfe Winkler/Reuters]
• Dutch To Use Full-Body Scanners For U.S. Flights – This is one of those hindsight situations. [AP]
Preliminary Analytics | 08.21.09
• Switzerland’s Profit on UBS: $1.13 Billion – “On Thursday, Switzerland converted a note that gave it a 9.3% UBS stake and immediately sold the 332.2 million shares at 16.50 francs each, a 1.4% discount to the stock’s closing price Wednesday. The government said it earned an annualized return of 30% on the 10-month investment.” No doubt they went and bought… [WSJ]
• Madoff Yacht Up for Sale – Ninety footer named Leopard Bull. Sounds like Bern might have been describing his favorite undies combined with a self assigned nickname for a certain less than spectacular organ. [DealBook]
• Sale of Chicago Cubs to Ricketts family called ‘imminent’ – Yay, nay, or meh Cubs fans? [Chicago Tribune]
• #98 Sharon Allen – Forbes most powerful women list includes the Deloitte Chair. [Forbes]