Tax & Accounting Update

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Tax & Accounting Update

Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform.
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This brand returns to Mattress Firm stores after bitter feud

Mattress Firm and the maker of Tempur-Pedic mattresses are getting back together less than a year after a bitter dispute over accusations that Mattress Firm was illegally selling lookalike products under the similar name “Therapedic.” The nation’s largest …
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Kellogg to take $35 million pretax hit on North America unit revamp

Kellogg said on Tuesday it would take a pretax charge of about $35 million to restructure its North American business following the sale of its popular Keebler biscuits brand and other assets. The cereal maker said in November it was exploring options to sell …
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Woodford under fresh fire as Fidelity curbs investment in second fund

(Reuters) – British money manager Neil Woodford faced further pressure on Tuesday after retail platform Fidelity International stopped its customers from making new investments in one of his smaller funds. FILE PHOTO: Neil Woodford, founder and fund …
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Bank of America: Investors are the most bearish since 2008 crisis

New York (CNN Business) Don’t be fooled by the near-record highs in the US stock market: Sophisticated investors are on edge about the health of the global economy and corporate profits. Pessimistic fund mangers are rushing out of stocks and piling into …
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