Billionaire investor Peter Thiel got a fresh victory in Washington. His data-mining startup, Palantir Technologies Inc., won a much-contested contract to provide software to the U.S. Army. Palantir will work with Raytheon Co. to replace the troubled Distributed Common Ground System now in effect.
See Original Article

We break down the adjustment and educate investors of the root cause for the adjustment, which is the adoption of new accounting standards. … In its 2017 annual report filed last Friday, GE gave a more detailed disclosure of its estimated earnings revisions as a result of the new accounting standard.
See Original Article

Some companies have opted to early adopt the new hedge accounting standard, particularly banks, even though they're still dealing with other new accounting standards. The Financial Accounting Standards Board issued its hedging standard last August, making it effective for public companies in 2019
See Original Article

Bloomberg reported on Thursday that Toys “R” Us is making preparations for a liquidation of its bankrupt U.S. operations. The company has struggled to find a buyer or reach a debt-restructuring deal with lenders, leaving it with few options. Claire's Stores Inc., another chain that sells some toys, also is
See Original Article

The company is closing in on a bankruptcy deal that would ease that burden, Bloomberg reported Thursday. As part of a Chapter 11 agreement, control of the business would pass from Apollo Global Management LLC to lenders such as Elliott Capital Management and Monarch Alternative Capital.
See Original Article