• 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 | 11.06.09
- Caleb Newquist
- November 6, 2009
• 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 | 10.14.09
- Caleb Newquist
- October 14, 2009
• Thanks to everyone that has participated in our survey so far. If you haven’t yet, you can expect Chuck at your cubicle at some point today. Unless you do it now by going here.
• Wall Street On Track To Award Record Pay – “Workers at 23 top investment banks, hedge funds, asset managers and stock and commodities exchanges can expect to earn even more than they did the peak year of 2007, according to an analysis of securities filings for the first half of 2009 and revenue estimates through year-end by The Wall Street Journal.” – Tooo long. [WSJ]
• Geithner Aides Reaped Millions Working for Banks, Hedge Funds – This is nice. It’s been for too long since we had some good wholesome populist outrage. [Bloomberg]
• Bernie Madoff Breaks His Prison Fight Cherry – Apparently someone said “Dow 3,000” and Bern just flipped. See also DB. [JDA]
• Bloomberg Wins Bidding For BusinessWeek – For $5 mil. Estimates were that it was worth $1 bil back in 2000. Ouch. [BW]
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Preliminary Analytics | 12.16.09
- Caleb Newquist
- December 16, 2009
• U.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]