• SEC Steps Up Insider-Trading Probes – Healthcare and retail mergers from the last three years are getting the scope. [WSJ]
• Why accountants need to be bloggers – Tracy Coenen makes the convincing argument. [Blogging Suits]
• Catholic Archdiocese to Pay $14.4 million in Taxes to City of San Francisco – Too bad The money is already spent. [JDA]
• Wells Fargo to shut 122 branches in California – Mostly Wachovia branches that are too close to existing stagecoach branches. [Los Angeles Times]
• Whisky Makers Spend $800 Million to Age Scotch for China, India – Apparently, the Chinese and Indians are into the Glens. [Bloomberg]
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Preliminary Analytics | 08.17.09
- Caleb Newquist
- August 17, 2009
• What Buffett’s Firm Bought and Sold WB continues to be long on folksy yet risque analogies. [DealBook]
• US banknotes show cocaine traces – 95% of dollar bill in DC have traces of cola which we find hilarious and just solidifies any preconceived notions we had about our esteemed elected officials. Other cities that had cash with high levels of the llello are Baltimore, Boston, and Detroit. [BBC]
• UBS Tax Crackdown Widens to Hong Kong -“On Friday, John McCarthy, a UBS client in California, agreed to plead guilty to one count of failing to file an annual report to the Treasury Department. A document filed with the plea shows the tax scheme relied in part on channeling funds to a Swiss UBS account held in the name of a Hong Kong entity, the second time accounts in the Asian financial hub have figured in these cases.” [WSJ]
• BB&T Plans $750 Million Share Sale After Colonial – Things already going swell for BB&T. [Bloomberg]
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Preliminary Analytics | 01.15.10
- Caleb Newquist
- January 15, 2010
• Taxman misses 44 million calls – The British version anyway. That makes the IRS look like rock stars by comparison. [Accountancy Age]
• Annals of Public Relations – Fortunately for us, Patrick Byrne doesn’t keep PR by his side at all times. [Gary Weiss]
• If California Owes You, It Would Like to Pay You – “Across the state, 89,000 residents and businesses — including 2,315 here in San Francisco alone — are sitting on some $50 million in uncashed i.o.u.’s from the state, a souvenir of California’s most recent, but by no means its last, budget crisis.” [NYT]
• Verizon Lowers Wireless Pricing Plans – “Verizon Wireless introduced lower wireless-pricing plans Friday, a move that’s likely to force rival AT&T Inc. to follow and could pressure margins on the carriers’ high-end business.” [WSJ]
• GM Daewoo finance chief Mark James named Opel CFO – Missed opportunity, people. [Reuters]
• Prince Tells Pandit ‘It’s Time to Deliver’ – No pressure. [DealBook]
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Preliminary Analytics | 11.30.09
- Caleb Newquist
- November 30, 2009
• Michigan Coach Rodriguez and the Tax Man – UM is paying $2.5 million of Rich Rod’s buyout obligation. The IRS might want to call that income. [TaxProf Blog]
• Why Accounting Matters – It matter. Why else would so many people (read: government bureaucracies) covet the oversight of it? [FEI Financial Reporting Blog]
• Suing Audit Firms re: Madoff: The Iguana In The Room – “Issues of control and the issues of the ‘agency’ relationship between the auditors’ international umbrella ‘coordinating’ firms and their member firms figure prominently in the Madoff feeder funds filings that include the international firms as defendants.” [Re: The Auditors]
• Jr Deputy Accountant Interviewed by Liberty Pulse’s the Pulse – Topics include Tim Geithner’s uncanny resemblance to Beavis. [JDA]
• Buyers Take a Pass on Some Failed Banks – Banks that seemingly have leprosy. [WSJ]