Preliminary Analytics | 12.16.09

Thumbnail image for Tim_geithner.jpgU.S. gave up billions in tax money in deal for Citigroup’s bailout repayment – “While the Obama administration has said taxpayers are likely to profit from the sale of the Citigroup shares, accounting experts said the lost tax revenue could easily outstrip those profits.” Thanks Treasury! [WP]
The Estate Tax Debate: Watch the Rate, Not the Exclusion – “In some perverse way, it’s fun to watch lawmakers dive into a mess largely of their own making. But as you do, don’t be distracted by the argument over the size of estates that should be excluded from tax, or whether the rules are extended for one year or two. The real argument is over the rate. That’s where the bucks are.” [Tax Vox]
Lump of Coal: How to Deal With a Bad Bonus – Besides crying in the corner obviously. [FINS]
Rajaratnam, Chiesi Charged in Insider Case – Raj is looking at 17 counts and a possible 145 years. All over a measly $20 million? Someone in North Carolina is unimpressed. [WSJ]
SEC Mulls Surprise Audits For Investment Advisers – “Under the May proposal, the surprise audit would apply to about 9,600 of the 11,000 registered investment advisers including those who have physical custody and those deemed to have custody or the ability to deduct fees from their client’s assets.” [Reuters via NYT]
EU Formally Ends Microsoft Antitrust Case – “The European Commission, the EU’s executive arm, agreed to abandon its case against Microsoft over whether the software giant is illegally abusing its dominance in the Internet browser markets without a fine, in return for a legally binding commitment from Microsoft to start marketing rivals’ browsers alongside its own Internet Explorer.” Doesn’t everyone hate Explorer now anyway? [WSJ]

Thumbnail image for Tim_geithner.jpgU.S. gave up billions in tax money in deal for Citigroup’s bailout repayment – “While the Obama administration has said taxpayers are likely to profit from the sale of the Citigroup shares, accounting experts said the lost tax revenue could easily outstrip those profits.” Thanks Treasury! [WP]
The Estate Tax Debate: Watch the Rate, Not the Exclusion – “In some perverse way, it’s fun to watch lawmakers dive into a mess largely of their own making. But as you do, don’t be distracted by the argument over the size of estates that should be excluded from tax, or whether the rules are extended for one year or two. The real argument is over the rate. That’s where the bucks are.” [Tax Vox]
Lump of Coal: How to Deal With a Bad Bonus – Besides crying in the corner obviously. [FINS]
Rajaratnam, Chiesi Charged in Insider Case – Raj is looking at 17 counts and a possible 145 years. All over a measly $20 million? Someone in North Carolina is unimpressed. [WSJ]
SEC Mulls Surprise Audits For Investment Advisers – “Under the May proposal, the surprise audit would apply to about 9,600 of the 11,000 registered investment advisers including those who have physical custody and those deemed to have custody or the ability to deduct fees from their client’s assets.” [Reuters via NYT]
EU Formally Ends Microsoft Antitrust Case – “The European Commission, the EU’s executive arm, agreed to abandon its case against Microsoft over whether the software giant is illegally abusing its dominance in the Internet browser markets without a fine, in return for a legally binding commitment from Microsoft to start marketing rivals’ browsers alongside its own Internet Explorer.” Doesn’t everyone hate Explorer now anyway? [WSJ]

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Preliminary Analytics | 01.19.10

Thumbnail image for bored.jpgTyco to Buy Brink’s Home Security for $2 Billion – “Tyco International Ltd. announced plans to buy Brink’s Home Security Holdings Inc., also known as Broadview Security, for $2 billion, the first major acquisition for Tyco in eight years since the company was rocked by scandal and split into several pieces.” [WSJ]
Sitting Is a Silent Killer, Swedish Medics Warn Couch Potatoes – Desk jockeys too. [Bloomberg]
Who Would Miss the Big Four? – “Hardly anyone, says Jim Peterson.” [CPA Trendlines]
Special tax breaks proposed for Haitian earthquake relief donations – “Under a bipartisan House bill, if you contributed money to nonprofits providing relief to the stricken island nation, you would be able to deduct those donations on your 2009 tax return.” [Don’t Mess With Taxes]
More Men Marrying Wealthier Wives – This doesn’t mean that you get to stay home glued to the Playstation. [NYT]
Citigroup Loses $7.6 Billion on Costs to Repay Bailout Funds – The streak of three “profitable” quarters ends. [Bloomberg]

Preliminary Analytics | 01.18.10

Thumbnail image for dubai-the-world.jpgDefending Koss And Their Auditors: Just Loopy Distorted Feedback – Francine’s take on the Koss fraud. [Re: The Auditors]
Koss Corp. Fraud: Defending Grant Thornton? No. &ndsah; Tracey Coenen says Koss’ incestuous management deserves the blame regardless of GT’s obvious BFMs. [Fraud Files Blog]
Creditors put Dubai World debt up for sale – Some aren’t crazy about the whole Dubai World debt restructuring and are looking to dump the credit for “70 per cent of face value.” [FT]
Now and in the Future – Are people changing their maxed out credit card ways for good? [Financial Armageddon]
Wired on Wall Street: Trader Betrays a Friend – David Slaine is a mole for the Feds that “has provided leads on possible insider trading by others not yet implicated in a sprawling case involving hedge fund Galleon Group, people familiar with the matter say.” And he’ll definitely nail you if you don’t like to share: “In 1993, he triggered a fist-fight with a colleague on the trading floor after needling him because he wouldn’t share his french fries.” [WSJ]
Martin Luther King, Jr. Day – We assume most of you are working but If you’re not, go volunteer. It won’t kill you. [MLKDay.gov]