Boeing Blows Past Estimates With Help From Tax Cut; Shares Surge

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Boeing Blows Past Estimates With Help From Tax Cut; Shares Surge

Adjusted fourth-quarter earnings were $4.80 a share, Boeing said, or $3.06 a share excluding the tax gain. Analysts had predicted $2.90 a share, according to the average of estimates compiled by Bloomberg. Revenue rose 8.9 percent to $25.4 billion, compared with the $24.7 billion analysts expected.
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RSM US to acquire SecureState

RSM US had annual revenue of $1.98 billion and ranked 5th on Accounting Today's 2017 list of the Top 100 Firms. As part of the deal, SecureState founder and CEO Ken Stasiak will join RSM as a consulting principal, along with more than 50 employees, who will remain in the firm's existing offices in
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UK's May Backs Down Over Brexit Economic Impact Studies

Theresa May's government backed down and said it will allow lawmakers to see an assessment of the likely impact of Brexit on the British economy, after realizing it was likely to lose a vote. May told reporters on the plane to China on Tuesday that it would be wrong to release the analysis, which was
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Accounting News Roundup: Competition for Big 4 Might Be Nice; Big Postcards; RSM, EY Go …

Stephen Haddrill, the head of the Financial Reporting Council (FRC) in the U.K., told some MPs that “there should be more competition in the major accounting and audit area” and also that he'd be asking the country's competition regulator to take another look at the situation. Haddrill was responding to
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Samsung Passes Intel as It Posts Record Income, Splits Stock

The maker of smartphones, screens and consumer electronics reported record quarterly profit and disclosed numbers showing that it's chip business pulls in more revenue than Intel Corp. The Suwon, South Korea-based company took the opportunity to unveil a 50-to-1 stock split, which sent its shares
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