UBS Group AG hired a former Morgan Stanley banker to run its ultra-high net worth business in Saudi Arabia as the bank combines its wealth management operations, according to a person familiar with the matter. Gabriel Aractingi will be based in Geneva and joins from Bahrain's Investcorp Bank BSC
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Full Cost E&P companies have taken the vast majority of impairments during the past 3 years, compared to their Successful Efforts counterparts. One option available to Full Cost companies on a one-time, permanent basis, is to switch their accounting method to Successful Efforts and, in effect “reverse”
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Amazon.com (AMZN) released its earnings on Thursday, February 1st after the market closed. The headline net income number was $3.85/share. This blew away Wall Street's estimate of $1.85/share, which is a bit peculiar since the traditional “beat the Street” earnings game is accomplished by guiding
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Under Section 481, guidance is needed for making accounting method changes to comply with the new law. Penalty relief for underpayment of taxes is needed. âTaxpayers and preparers need sufficient time to determine the appropriate withholding and estimated tax payments for businesses,
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Last month we learned that Apple is reportedly focusing on reliability and performance in iOS 12 over new features, and now we're starting to hear about more of those features that will arrive in iOS at some point in the future. Bloomberg reports that Apple will bring its Animoji characters to the iPad,
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