Highlights
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Obama nominates 2 Senate aides as SEC commissioners
Two senior U.S. Senate aides were nominated by President Obama to join the Securities and Exchange Commission. Kara M. Stein would replace Elisse B. Walter as a Democratic commissioner and Michael S. Piwowar would succeed Troy A. Paredes as a...Tags: Elisse Walter, Barack Obama, Democratic Party, Elections, Tim Johnson
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China gives U.S. regulators access to audit records
China agreed to give a U.S. regulator access to documents from Chinese accounting firms, moving toward a resolution of a dispute that could have pushed the country's companies to stop trading on U.S. stock markets. The Public Company Accounting Oversight...Tags: KPMG, China, Deloitte Touche Tohmatsu Ltd., PricewaterhouseCoopers, Accounting and Auditing
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U.S. audit regulator reaches deal with China on document access
Reuters* U.S.-China deal reached after years of negotiations * Deal will pave way for auditor enforcement actions * U.S. had been blocked from probing Chinese audit failures By Dena Aubin NEW YORK, May 24 (Reuters) - U.S. regulators will get access to...Tags: KPMG, Fraud, China, Corporate Crime, Ernst & Young
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DOJ subpoenas documents on Forest Labs' inhalation drug
Reuters(Reuters) - Drugmaker Forest Laboratories received a subpoena earlier this month from U.S. prosecutors requesting documents relating to its small-selling lung disorder product, the Tudorza Pressair inhaler, the company said in a filing. The New York-...Tags: Crimes, Namenda (drug), Lexapro (drug), Carl Icahn, COPD
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Ill. pension manager urging Wal-Mart for more 'clawback' disclosures
Tribune reporterThe manager of $13 billion in Illinois pension assets is among a group of Wal-Mart investors backing a proposal that would require the require the retailer to detail any incentive or stock compensation it recoups from executives. The Illinois State...Tags: Walmart
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China agrees to give US regulators access to audit records for Chinese companies
WASHINGTON (AP) — China has agreed to give U.S. regulators access to audit records for Chinese companies whose shares trade on U.S. stock exchanges, a step forward in a long-running dispute. The Public Company Accounting Oversight Board, a watchdog...Tags: Washington, DC, China
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Academics back BP's fight to cap oil spill payouts
ReutersLONDON (Reuters) - A group of accountancy professors is backing BP's fight to cap the U.S. oil spill compensation payouts it has to fund as the cash outflow threatens to add billions of dollars to its bill for the disaster. The news comes after the...Tags: George W. Bush, Crime, Law and Justice, Environmental Issues, Trials, Gulf of Mexico Oil Spill (2010)
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Phoenix Says Bondholders Consent To Delayed Financial Reports
The Hartford CourantThe Phoenix Cos. said Wednesday it won consent from bondholders, allowing the company to delay providing quarterly reports and a 2012 annual report to the bond trustee until the end of this year. Phoenix is restating financial statements for all of 2009,...Tags: Bonds, Finance, Economy, Business and Finance
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Allentown's fiscal problems are bad, but Harrisburg's are even worse
Allentown has a $200 million red ink problem, which, it seems, is the fault of any city politician not currently in office, and a population of 118,000 as of the 2010 census. That $200 million, split 118,000 ways, comes to less than $1,700 per person....
Tags: Ed Pawlowski, Roy Afflerbach, Bill Heydt, Harrisburg (Dauphin, Pennsylvania), Museums
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NYSE says AEP, NextEra trades stand after crash at open
ReutersNEW YORK (Reuters) - All trades in American Electric Power Inc and NextEra Energy Inc in a crash that happened in the first minute of trading on Thursday will stand, the New York Stock Exchange said, following the latest in a flurry of unexplained sharp...Tags: Petroleum Industry, NYSE Euronext, Inc., Stock Market, Financial Markets, Anadarko Petroleum Corporation
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New Chesapeake CEO Lawler's 2013 pay set at $12.6 mln
ReutersMay 23 (Reuters) - Doug Lawler, the Anadarko Petroleum Corp executive who was named as Chesapeake Energy Corp's new chief executive officer, will receive salary, bonus and equity awards valued at $12.6 million this year, according to a regulatory filing....Tags: Anadarko Petroleum Corporation, Corporate Officers, Aubrey K. McClendon, Chesapeake Energy Corp.
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Proxy advisory firm settles SEC charges over data breach
ReutersWASHINGTON (Reuters) - Institutional Shareholder Services has settled civil charges by U.S. regulators that an employee of the prominent proxy advisory firm shared nonpublic voting data in exchange for meals and concert tickets. The Securities and...Tags: Board of Directors, Personal Finance, JPMorgan Chase & Co., Employees, Career and Workplace
May 25, 2013
|Story| Los Angeles Times
May 24, 2013
|Story| Los Angeles Times
May 24, 2013
|Story| Reuters
May 24, 2013
|Story| Reuters
May 24, 2013
|Story| Chicago Tribune
May 24, 2013
|Story| AP Broadcast
May 24, 2013
|Story| Reuters
May 22, 2013
|Story| Hartford Courant
May 23, 2013
|Column| Allentown Morning Call
May 23, 2013
|Story| Reuters
May 23, 2013
|Story| Reuters
May 23, 2013
|Story| Reuters
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