Alphabet's earnings look better than ever thanks to a new accounting rule

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Alphabet's earnings look better than ever thanks to a new accounting rule

An obscure accounting change added billions to Alphabet's bottom line during the first quarter of 2018. On Monday, the web giant posted (pdf) earnings of $13.33 per share during the period, 43% more than analysts surveyed by FactSet expected, thanks in part to a new US Securities and Exchange rule
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Somehow this 12-year-old kid managed to fly himself to Bali alone

Maybe the kid just wanted to find himself at a yoga retreat. A 12-year-old Australian boy really ticked off his parents by using the family credit card to buy flights to Bali, Indonesia, after he had an argument with his mum.
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EU Probe Puts Apple's Shazam Deal at Risk

Apple Inc.'s takeover of music-identification service Shazam faces an extended European Union probe as antitrust regulators raised concerns that the iPhone maker could use the app's data to lure customers to its own music service. The EU set a Sept. 4 deadline to investigate whether Apple might get
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Putin to Back $162 Billion Spending Spree for New Term

Vladimir Putin is planning a roughly 10 trillion-ruble ($162 billion) increase in spending on health care, education and infrastructure, hoping to kick-start sputtering economic growth in his new presidential term, according to people familiar with the plans. The Russian president is expected to formalize the
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Curing business of accounting blindness

Today's business accounting practices are based on the double-entry bookkeeping system invented by Renaissance monk and mathematician Luca Pacioli in the 15th century, to keep track of changes in financial capital. Debits and credits are used to record changes in the monetary values of various
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