• GMAC Asks for Fresh Lifeline – Third round of bailout aid should be the charm. [WSJ]
• Ex-Chief of AMD Is Linked to Galleon – So far, Hector Ruiz isn’t in any trouble but this certainly doesn’t look good. [WSJ]
• World Series Games Add $15.5 Million Each to NYC, Agency Says – Much of which goes to Billy’s and Stan’s. [Bloomberg]
• Pitchfork Watch: Couple Charged With Torturing Suspected Mortgage Fraudsters – Mortgage brokers, this is your warning. [Naked Capitalism]
• Madoff victims lobby judge to deny Frank DiPascali Jr. bail – Surprise. [NYDN]
• It may be BYOB as fewer firms plan holiday parties – Roll in with the High Life. [Reuters]
Related Posts
Preliminary Analytics | 01.08.10
• Order for UBS to release client data judged unlawful – Swiss Bank secrecy law were broken says a court in neutral (still, right?) land. [Reuters]
• Sarkozy proposes ad tax on Google – What happened to taxing the stupid? [FT]
• Fully Played Out? – “Can we assume that the downturn is fully played out, especially in light of reports and other evidence that people are (still) altering their behavior (e.g., spending less and saving more) in response to what’s going on around them?” [Financial Armageddon]
• Overstock.com Staves Off Bankruptcy With ‘Hillary Clinton Nutcracker’ – For $37, they’ll throw in a Bill Clinton corkscrew. [Gary Weiss]
• Good News for the Young and Unemployed &ndsah; Your Moms still love you! Plus the job market might be turning around. [The Atlantic]
Preliminary Analytics | 12.14.09
• H.R. 4173, Summary of Accounting and Audit Related Provisions – Lots to digest here but it’s all important, including a possible GASP name change for the PCAOB. [FEI Financial Reporting Blog]
• Invitation to a Conversation: If the Auditors Were Missing from the Financial Crisis — Let’s Ask Why – Jim Peterson doesn’t mince words: “The simple if depressing reason is that their core product has long since been judged irrelevant. The standard auditor’s report is an anachronism — having lost any value it may once have had, except for legally-required compliance.” [Re: Balance/Jim Peterson]
• Accenture Makes Right Decision, Drops Tiger Sponsorship – The awkward inappropriateness of the whole situation is now hitting T. Dubs in the wallet, as Accenture jumps into the “your services are no longer needed” camp. He won’t starve. [The Big Four Blog]
• Open Letter to the Securities and Exchange Commission (Part 5): Issuer Retaliation Complaint Against Overstock.com – Patrick Byrne’s attempt to develop his own Richard Nixon-esque enemies list has been met with fierce resistance. [Sam Antar/White Collar Fraud]
• CPA firms face pricing pinch – “After years of gains since the government started keeping track in December 2003, overall prices for CPA firm services plummeted with the onset of recession in December 2007.” [CPA Trendlines]
• Citigroup to Repay $20 Billion of Government Bailout – $25 bil to go. Get on it. [Bloomberg]
Preliminary Analytics | 09.28.09
• U.S. Increases Cases Against Tax Evaders – Every couple of weeks, the Service is expecting to make new scofflaws public. They describe it as a ‘great success for the government’ which is an odd combination of words. [Reuters via NYT]
• Phone Calls Add to Din Over Loans – “Rep. Darrell Issa of California, the ranking Republican on the House Oversight and Government Reform Committee, is trying to subpoena the remaining records of Countrywide’s VIP loan program. So far, the committee’s chairman, New York Democratic Rep. Edolphus Towns, has turned down that request.” And some of the tapes have been destroyed anyway. So that could turn out to be a hell of a problem. [WSJ]
• Harkin: ‘Public Option’ Will Be In Final Health Bill – Maybe. Hark also thinks it’ll be done by Christmas. There’s that whole tricky navigation of politics to deal with though. [NPR]
• Xerox to Buy Affiliated Computer for $6.4 Billion – “The acquisition is Chief Executive Officer Ursula Burns’s first since taking over the world’s largest maker of high-speed color printers in July. The transaction helps her expand into a market the company values at about $150 billion and gives her a foothold in managing administrative operations for multiple arms of the U.S. government.” Handling anything for the feds gets you closer to the money printing machine, so that’s not a bad thing. [Bloomberg]