In its determination to reverse a two-decade slump in U.S. stock listings, a regulator might offer companies an extreme incentive to go public: the ability to bar aggrieved shareholders from suing. The Securities and Exchange Commission in its long history has never allowed companies to sell shares in
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Steinhoff, which owns more than 40 brands including Poundland in Britain, admitted “accounting irregularities” last month, sparking an 85 percent share price slide that wiped more than $10 billion off its market capitalisation. In a presentation to European lenders, Steinhoff said it expected to give a
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Washing machine parts on a Whirpool assembly line in Clyde, Ohio. (Reuters photo: Aaron Josefczyk). Share article on Facebookshare; Tweet articletweet; Plus one article on Google Plus+1; Print Article.
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LONDON (Reuters) – Britain's banks are booking future credit card income long before it materializes, prompting concerns about the accounting practice among regulators, investors and analysts. Riskier products such as credit cards have become more popular among banks in search of higher returns
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Representing approximately 40 companies targeting the attentions of the accounting community, executives were questioned about their own challenges with the profession, their own competition and where they may be headed. Overwhelmingly, thoughts turned from what was once a heated debate
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