Not as bad as it looks? Pemex's $24 billion loss mostly accounting distortion

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Not as bad as it looks? Pemex's $24 billion loss mostly accounting distortion

MEXICO CITY (Reuters) – More than 80% of state-owned Pemex's multibillion-dollar loss in the first quarter stemmed from its accounting of a beat-up
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Why SMBs Are Suddenly Reluctant To Apply For The SBA's PPP Loan Program

The Paycheck Protection Program (PPP) is going back to court, this time over the new guidance handed out by the federal government on April 29 that was intended to inject clarity into the program but seems more likely to be on the verge of injecting a lot …
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Hertz Seeks Lender Leniency or Faces Bankruptcy Within Weeks

A Hertz rental location in Berkeley, California, U.S.. Photographer: David Paul Morris/Bloomberg
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Stocks rise on hopes that awful jobs report marks the bottom

Wall Street rallied again on Friday after a terrible, unprecedented report on the U.S. jobs market wasn’t quite as horrific as economists had forecast. The S&P 500 climbed 1.1% in morning trading after the government said employers cut a record-setting 20.5 …
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States and Cities Get an 18-Month Reprieve on Lease Accounting

Municipal and state governments were set to adopt the new lease accounting rules this year, and government accountants sought the relief because
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