From AAO Weblog As blogged previously, the SEC’s SAB 108 is two, two, two materiality tests in one. It requires firms to assess materiality of known but uncorrected errors on both a rollover basis...
From AAO Weblog In its 10-K filed last Thursday, sneaker maker K-Swiss presented its clean-up adjustment of payroll withholding taxes: “In 2006, we determined that there was an underpayment of...
From AAO Weblog When you think of SAB 108 adjustments, you naturally expect a cut to retained earnings. But not all of the SAB 108 catch-up adjustments carry a sting. Take Deltic Timber, for...
As the Trump administration threatened tariffs of $200 billion on China imports, the People's Republic was quick to react.
Saba Management has increased its stake in ClearBridge Energy MLP Fund to around 6.2%.
The saber rattling between North Korea and the United States escalated Wednesday as the communist nation threatened preemptive military strikes against the United States.
Jeffrey Lacker, President of the Richmond Federal Reserve Bank, has commented on his dissenting vote in a statement issued by the Richmond Fed this morning. Lacker is growing concerned that guidance...
From AAO Weblog CSG Systems filed their 10-K last week, and mentioned the effect of SAB 108 on their financials. But it’s a bit hard to piece together what they meant.First, this mention of SAB 108...
The NASDAQ Stock Market (NASDAQ:NDAQ) has been in a long hunt over how it plans to grow and compete in a new world of mega-exchanges, and frankly its second place status in the U.S. for stocks is one...
Source: thinkstockHere are today’s five biggest gaining stocks at closing:Lufkin Industries Inc. (NASDAQ: LUFK) is up 37.6% at $87.96.JinkoSolar Holding Company Ltd. (NYSE: JKS) is up 20.5% at...
Yahoo! Finance: Fed is expected to take new action to lift economyZerohedge: Greece’s main labour union calls 24-hour anti-austerity strikes for October 5th and October 19th according to a union...
Asian films have come a long way since its inception, evolving over the years into an art form that has gained international recognition. Asian actresses have also expanded and fine-tuned their...
Markets opened lower today and of the three major indexes, only the S&P 500 was able to break through to positive territory and stay there for most of the day. The DJIA stayed negative all day and...
These are some of the top downgrades and negative calls we are seeing from Wall Street analysts this Thursday morning: BP Prudhoe Bay Royalty (BPT) Cut to Sell at Citigroup. British Sky Broadcast...