People often use mental accounting to apportion their money into conceptual buckets. This can lead to poor financial choices, Cicily Maton tells the Wall Street Journal. But financial advisors can harness this tendency to separate streams of income to help steer clients right in difficult times, says Maton,
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WASHINGTON – How CSX railway crews routed an Amtrak train into a parked freight train in Cayce, South Carolina, remains under investigation.
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… African tycoon Christo Wiese has cut his stake in retailer Steinhoff International, which has been embroiled in an accounting scandal, to 6.2 percent, … survival after it discovered what it called accounting irregularities, sparking a selling frenzy that wiped off more than $10 billion of shareholder value.
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Bloomberg's Elena Popina told Larry Williams the talk around Wall Street is that there will be more pain in the coming days. Technology shares fell 1.4 percent, with Apple down 2.1 per cent, while energy dropped 1.7 per cent as oil prices slumped.
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The head of Swiss Post, Susanne Ruoff, has refused to step down for errors she admits were made at the PostBus subsidiary company regarding the manipulation of accounts to claim tens of millions of francs worth of federal and cantonal subsidies. “I neither lied nor did anything wrong,” Ruoff declared
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