Yes, public companies are required to report earnings according to generally accepted accounting principles (GAAP) set forth by the Financial Accounting Standards Board. Unfortunately, the truth is often shaded a bit. In addition to GAAP numbers, companies can also report earnings based on whatever
See Original Article

The Trump administration plans to impose sanctions on Russian tycoons as early as this week under provisions of a law calling for retaliation against Moscow for meddling in the 2016 presidential election, a U.S. government official said. Plans call for targeting six to 10 so-called Russian oligarchs,
See Original Article

Michael Bologna, a reporter for Bloomberg Law, discusses the Wisconsin Supreme Court race, where liberal judge Rebecca Dallet won in a hard fought and expensive election, which has cut the conservative majority on the court down to just one justice. He speaks with Bloomberg's Nathan Hager and
See Original Article

Ken Doyle, senior editor of the Bloomberg Government Money and Politics Report, discusses the massive challenges facing the 30-employee Election Assistance Commission, which has been charged with preventing election meddling in future U.S. elections. He speaks with Bloomberg's Amy Morris
See Original Article

The Federal Deposit Insurance Corp. could collect the largest damage award ever against a global public accounting firm when a federal judge decides what to award the agency after a verdict against PricewaterhouseCoopers. The FDIC, acting as receiver for the failed Colonial Bank Group that
See Original Article