http://www.baselinemag.com Accounting and Finance - RSS Feeds en-us Sat, 04 Jul 2009 18:38:44 -0400 Sat, 04 Jul 2009 18:38:44 -0400 Tue, 16 Sep 2008 11:37:58 -0400 http://www.baselinemag.com/c/a/Accounting-and-Finance/AIG-Tumbles-Worsening-Financial-Carnage/?kc=rss - LONDON/NEW YORK (Reuters) - American International Group Inc shares tumbled 50 percent after the giant U.S. insurer's credit ratings were slashed, feeding market fears as top U.S. investment bank Goldman Sachs reported sharply lower quarterly earnings. The cost of borrowing between banks surged...]]> http://www.baselinemag.com/c/a/Accounting-and-Finance/AIG-Tumbles-Worsening-Financial-Carnage/?kc=rss Mon, 15 Sep 2008 10:55:35 -0400 http://www.baselinemag.com/c/a/Accounting-and-Finance/Markets-in-Turmoil-by-Lehman-Failure-and-Merrill-Sale/?kc=rss - NEW YORK (Reuters) - Global markets plummeted on Monday after investment bank Lehman Brothers filed for bankruptcy protection, rival Merrill Lynch agreed to be taken over and the Federal Reserve threw a life line to the battered financial industry. As a deepening crisis took new, bigger victims...]]> http://www.baselinemag.com/c/a/Accounting-and-Finance/Markets-in-Turmoil-by-Lehman-Failure-and-Merrill-Sale/?kc=rss Thu, 11 Sep 2008 12:48:42 -0400 http://www.baselinemag.com/c/a/Accounting-and-Finance/Lehman-Survival-Questioned-Scramble-to-Sell-Assets/?kc=rss - NEW YORK (Reuters) - Lehman Brothers Holdings Inc's survival was called into question on Thursday as the company scrambled to sell assets to cover losses from toxic real estate investments, sending its shares down as much as 46 percent. In Thursday trading, the stock dropped $2.36 to $4.90, but...]]> http://www.baselinemag.com/c/a/Accounting-and-Finance/Lehman-Survival-Questioned-Scramble-to-Sell-Assets/?kc=rss Thu, 11 Sep 2008 12:31:21 -0400 http://www.baselinemag.com/c/a/Accounting-and-Finance/Apple-Execs-Settle-Shareholder-Suits/?kc=rss - LOS ANGELES (Reuters) - A federal judge in San Jose has given preliminary approval to a $14 million settlement of shareholder claims over backdating of stock options against current and former Apple Inc executives, court documents showed. The current and former executives and directors, includi...]]> http://www.baselinemag.com/c/a/Accounting-and-Finance/Apple-Execs-Settle-Shareholder-Suits/?kc=rss Wed, 10 Sep 2008 10:39:56 -0400 http://www.baselinemag.com/c/a/Accounting-and-Finance/Lehman-Plans-Sales-Posts-39-Billion-Quarterly-Loss/?kc=rss - NEW YORK (Reuters) - Lehman Brothers Holdings Inc said it plans to sell a majority stake in its investment management unit and spin off commercial real estate assets, but failed to announce specific transactions and posted a third-quarter loss of $3.93 billion. Shares of Wall Street's fourth-la...]]> http://www.baselinemag.com/c/a/Accounting-and-Finance/Lehman-Plans-Sales-Posts-39-Billion-Quarterly-Loss/?kc=rss Tue, 12 Aug 2008 12:51:38 -0400 http://www.baselinemag.com/c/a/Accounting-and-Finance/Large-Financial-Firm-Failure-Seen-Likely/?kc=rss - NEW YORK (Reuters) - Most institutional investors expect another failure of a major financial services firm in the coming year and view credit default swaps as a serious threat to market stability, according to a survey by Greenwich Associates. Nearly 60 percent of 146 institutions surveyed i...]]> http://www.baselinemag.com/c/a/Accounting-and-Finance/Large-Financial-Firm-Failure-Seen-Likely/?kc=rss Tue, 05 Aug 2008 09:28:34 -0400 http://www.baselinemag.com/c/a/Accounting-and-Finance/Greenspan-Says-More-Banks-Institutions-May-Founder/?kc=rss - LONDON (Reuters) - More banks and financial institutions are likely to face insolvency and need bailouts before the global financial crisis is over, according to former Federal Reserve chairman Alan Greenspan. Writing in the Financial Times, Greenspan called the current crisis -- which starte...]]> http://www.baselinemag.com/c/a/Accounting-and-Finance/Greenspan-Says-More-Banks-Institutions-May-Founder/?kc=rss Mon, 04 Aug 2008 10:14:23 -0400 http://www.baselinemag.com/c/a/Accounting-and-Finance/June-Incomes-Rise-Smallest-in-a-Year-Prices-Up/?kc=rss - WASHINGTON (Reuters) - Incomes rose at the lowest rate in over a year during June, the government reported on Monday, and inflation showed signs of picking up speed. The Commerce Department data kept stock futures in slightly negative territory and drove bond yields up as investors weighed what...]]> http://www.baselinemag.com/c/a/Accounting-and-Finance/June-Incomes-Rise-Smallest-in-a-Year-Prices-Up/?kc=rss Thu, 31 Jul 2008 12:17:44 -0400 http://www.baselinemag.com/c/a/Accounting-and-Finance/Exxon-Has-Record-Profit-Again-on-Soaring-Oil-Prices/?kc=rss - NEW YORK (Reuters) - Exxon Mobil Corp said on Thursday soaring oil prices pushed its second-quarter earnings up 14 percent, again breaking its own record for the highest-ever profit by a U.S. company. Net income in the quarter rose to $11.68 billion, or $2.22 a share, from $10.26 billion, or $1....]]> http://www.baselinemag.com/c/a/Accounting-and-Finance/Exxon-Has-Record-Profit-Again-on-Soaring-Oil-Prices/?kc=rss Tue, 29 Jul 2008 10:16:27 -0400 http://www.baselinemag.com/c/a/Accounting-and-Finance/Northrop-Grumman-Profit-Up-8-Percent/?kc=rss - NEW YORK (Reuters) - Northrop Grumman Corp (NOC.N: Quote, Profile, Research, Stock Buzz) said on Tuesday quarterly profit rose 8 percent, as higher sales of its military equipment were helped by a one-time gain from the sale of a business. The U.S. No. 3 defense contractor behind Lockheed Martin...]]> http://www.baselinemag.com/c/a/Accounting-and-Finance/Northrop-Grumman-Profit-Up-8-Percent/?kc=rss Mon, 28 Jul 2008 08:06:28 -0400 http://www.baselinemag.com/c/a/Accounting-and-Finance/SEC-Finds-Voice-with-Investment-Bank-Plan/?kc=rss - WASHINGTON (Reuters) - The top U.S. securities regulator is reasserting his authority in the final months of his tenure, after weathering criticism that his agency stood by while Bear Stearns collapsed in March. U.S. Securities and Exchange Commission Chairman Christopher Cox urged Congress las...]]> http://www.baselinemag.com/c/a/Accounting-and-Finance/SEC-Finds-Voice-with-Investment-Bank-Plan/?kc=rss Wed, 23 Jul 2008 15:07:02 -0400 http://www.baselinemag.com/c/a/Accounting-and-Finance/Many-US-CEOs-Say-Weak-Dollar-Hurts-Business/?kc=rss - NEW YORK (Reuters) - Four out of 10 U.S. chief executives believe the weak dollar has had a negative impact on business, according to a survey released on Wednesday. The survey of 250 chief executives by accounting firm Grant Thornton LLP showed that 39 percent of executives felt the weaker dol...]]> http://www.baselinemag.com/c/a/Accounting-and-Finance/Many-US-CEOs-Say-Weak-Dollar-Hurts-Business/?kc=rss Fri, 18 Jul 2008 13:00:16 -0400 http://www.baselinemag.com/c/a/Accounting-and-Finance/Tech-Firms-Offer-Investors-a-Mixed-Snapshot/?kc=rss - SAN FRANCISCO (Reuters) - Google Inc, IBM and Microsoft Corp reported quarterly results on Thursday, giving investors a mixed snapshot of the health of the technology sector amid a slowing global economy. Google posted a 35 percent rise in quarterly net profit but missed Wall Street's consensus...]]> http://www.baselinemag.com/c/a/Accounting-and-Finance/Tech-Firms-Offer-Investors-a-Mixed-Snapshot/?kc=rss Tue, 15 Jul 2008 14:48:09 -0400 http://www.baselinemag.com/c/a/Accounting-and-Finance/GM-to-Cut-Jobs-Sell-Assets-Raise-Cash-to-Survive/?kc=rss - DETROIT (Reuters) - General Motors Corp on Tuesday announced a plan to cut costs by $10 billion, suspend its common stock dividend and sell up to $4 billion in assets in a bid to shore up cash and survive a deep industry slump. The hurried restructuring, GM's second in just six weeks, was forced...]]> http://www.baselinemag.com/c/a/Accounting-and-Finance/GM-to-Cut-Jobs-Sell-Assets-Raise-Cash-to-Survive/?kc=rss Wed, 02 Jul 2008 12:53:27 -0400 http://www.baselinemag.com/c/a/Accounting-and-Finance/Fugitive-Exhedge-Fund-Manager-Israel-Surrenders/?kc=rss - BOSTON (Reuters) - Fugitive former hedge fund manager Samuel Israel III surrendered to police in Massachusetts on Wednesday, ending a federal manhunt after he faked his own death to avoid a 20-year prison sentence. quot;He surrendered at 9:30 this morning, quot; said Peter Coe, dispatcher with...]]> http://www.baselinemag.com/c/a/Accounting-and-Finance/Fugitive-Exhedge-Fund-Manager-Israel-Surrenders/?kc=rss