• 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]
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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]
Preliminary Analytics | 11.10.09
• Why Paper Receipts Won’t Die – Tax return preparers wouldn’t have any shoeboxes jammed with them dropped off on their desks anymore. It’s sad to imagine that. [Idea of the Day/NYT]
• FDIC’s 20% Shorter ‘Merit’ Reviews Preceded Banking Failures – “At least three U.S. banks failed in the past year after the Federal Deposit Insurance Corp. deemed them healthy enough to qualify for a program that reduced the time examiners spent on reviews by at least 20 percent.” [Bloomberg]
• Deal to Buy Sun Meets Opposition From EU Although, those pesky Europeans are a little more curious about Oracle dominating the database universe, it won’t necessarily put the kibosh on the deal. In other news, Larry Ellison likes boats. [WSJ]
• Bear Trial Jurors Ask for Evidence and Day Off – Doing your civic duty includes observing federal holidays. [DealBook]
• Madoff’s Crap Sold Off in “Garage Sale” Victims Benefit – Including a Mets jacket and post-it notes. [JDA]
Preliminary Analytics | 12.01.09
• Arming Goldman With Pistols Against Public: Alice Schroeder – Team Jehovah is packing. [Bloomberg]
• Federal Estate Tax Bill Up for A Vote – Four weeks to go until the estate tax is repealed and now Congress is trying to vote on legislation to extend it. The original repeal passed in 2001. Our representatives at work. [Tax Girl]
• Grant Thornton LLP launches Aerospace and Defense industry group – Forget the “Global 6” thing, this will make GT an intergalactic firm. [Press Release]
• Ensuring Integrity: 4th Annual Audit Conference – Short on CPE? Get seven hours over at Baruch tomorrow for $345. Jim Peterson of Re: Balance will be on one of the panels and the keynote will be given by Robert Kueppers, Deputy CEO of Deloitte. [Baruch College]
• GE, Vivendi Forge Tentative Deal on NBC Stake – How does Jack Donaghy feel about this? [WSJ]
• Rothstein surrenders himself to the FBI – “Rather than a formal indictment, federal authorities will file what is known as ‘an information’ that would suggest that Rothstein has already agreed to eventually plead guilty.” [Miami Herald]