Archives
Government of Dubai repays AED 7.1 billion liabilities
November 4th, 2014
The Department said it has recovered all Sukuks by repaying the amounts required by holders of Sukuks with due revenues through the agent. Abdul Rahman Saleh Al Saleh, Director-General of the department, said the repayment in time reflects the ...
Hyundai, Kia pay $100M fine over mpg claims
November 4th, 2014
It’s a record settlement under the Clean Air Act. Hyundai and Kia have agreed to pay a total of $100 million to settle an investigation into its misstatement of gas mileage estimates on about 1.2 million vehicles, the government ...
Jury acquits ex-Swiss banker in tax-dodging case
November 4th, 2014
Raoul Weil acquitted of charges he helped wealthy Americans to hide $20B from the IRS. A federal jury acquitted a former top Swiss banking executive of U.S. charges that he conspired with wealthy Americans to hide $20 billion in ...
Dow, S&P 500 close slightly lower; semis boost Nasdaq
November 4th, 2014
The S&P 500 and the Dow closed with slight losses on Monday after briefly touching intraday records, but strength in semiconductors boosted the Nasdaq. Monday’s subdued trading followed the Dow’s biggest weekly gain since January 2013 and the S&P’s ...
$15 Billion in Pipeline Projects Coming to Appalachia in 2015
November 4th, 2014
The natural gas boom in the Marcellus Shale region of West Virginia, Ohio and Pennsylvania has resulted in $15 billion in proposed pipeline construction projects. The Atlantic Coast Pipeline, Rover Pipeline, Mountain Valley Pipeline and Leach XPress will distribute ...
Japan Stocks Rise, Standing Out Amid Asian Markets
November 4th, 2014
Asian stocks dipped as China growth slowed, but the Nikkei index rallied because of a weak yen. Asian stocks dipped on Tuesday with latest signs of slower growth in China and the euro zone, although Japan rose to seven-year ...
Merkel Toughens Position on Britain’s E.U. Demands
November 4th, 2014
Prime Minister David Cameron of Britain, under mounting pressure from anti-European populists, continued to insist on new measures limiting the right of Europeans to live and work there. Chancellor Angela Merkel of Germany has indicated that she is prepared ...
Apple plans investor call ahead of a potential bond sale
November 3rd, 2014
Apple Inc (AAPL.O) is planning an investor call on Monday ahead of a potential bond sale, the Wall Street Journal reported, citing a banker working on the deal. Deutsche Bank AG (DBKGn.DE) and Goldman Sachs Group Inc (GS.N) are ...
ACCA: Tax offence penalises ‘simple ignorance’
November 3rd, 2014
The creation of a new, strict liability offence to tackle offshore tax evasion may have serious unintended consequences, the Association of Chartered Certified Accountants (ACCA) has warned. In its formal response to HMRC’s consultation on the proposed new offence, ...
Accounting For Startups
November 3rd, 2014
When you first bring a newborn home from the hospital and want reassurance the baby is doing ok, you’ll probably listen periodically for breathing sounds. It’s unlikely that you’ll track the number of breaths per minute and compare it ...
