IOB's Decision To Set-Off Losses Is An “Unusual”Accounting Move Says Veteran Auditor

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IOB's Decision To Set-Off Losses Is An “Unusual”Accounting Move Says Veteran Auditor

“It's definitely an unusual move,” said veteran auditor Amarjit Chopra when asked about Indian Overseas Bank's decision to set-off accumulated losses against the share premium account balance. Chopra, a former president of the Institute of Chartered Accountants of India, pointed out that company law
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US Customs computers outage causes delays for airport travelers

(CNN) An outage affecting the Customs and Border Protection's computer systems left international travelers waiting in long lines at airports throughout the country Monday night.
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Recreational pot sales roll out in California, with celebratory 'blunts' and big crowds

Legal sale of recreational marijuana began in California on Monday with fanfare, celebratory 'blunts' and some anxiety. Companies began selling pot in a relatively small number of businesses Monday, with more expected to join in the coming days and …
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Minimum wage increases just went into effect for these 18 states

An estimated 4.5 million U.S. workers will benefit from a series of minimum wage increases that went into effect today, according to an analysis by the Economic Policy Institute.
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London Luxury Home at 'Unbelievable' Discount Shows Price Falls

An investor who agreed to purchase an apartment at the ritzy One Blackfriars project on the banks of the River Thames is offering the two-bedroom home on the 20th floor for 1.8 million pounds ($2.44 million), more than 22 percent less than they agreed to pay for it in 2013. One Blackfriars. Photographer:
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