The Goal Posts Are Moving: Financial Reporting Readies for Change

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The Goal Posts Are Moving: Financial Reporting Readies for Change

The London-based International Accounting Standards Board published the final version of a new standard covering how financial instruments are
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US Puts New Hudson River Tunnels on Fast Track Approval Process

The $24 billion plan to build two new Hudson River rail tunnels has moved several steps closer toward a 2019 start date, officials say, though details of how it would be paid for remain a work in progress.
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Twitter Faces a Fresh Test After a Suitor Loses Interest — WSJ

Twitter Inc. was left at the altar on Friday after Salesforce.com Inc. walked away from pursuing a combination, all but extinguishing hopes for a near-term sale of the social-media company as it struggles to accelerate revenue growth.
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Australia Checking Report Crown Employees Detained in China

… questioned by local authorities and at this time we can provide no further details,” Crown Resorts said in an e-mailed statement to Bloomberg News.
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Obama Administration: Budget Deficit Increases to $587B

WASHINGTON – The government ran a $587 billion budget deficit for the just-completed fiscal year, a 34 percent spike over last year after significant improvement from the record deficits of President Barack Obama's first years in office.
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