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As lawmakers haggle over new sweeping reforms for thefinancial services sector, I read last week that mortgage financing concernFreddie Mac petitioned the Treasury for an additional $10.6 billion, a requestthat came shortly after thegovernment-sponsored albatross posted its third straight quarterly loss- this one a mere $6.7 billion of red ink.
May 9 -
Stock exchanges are supposed to have mechanisms to shut down waves of panicked selling that could be triggered by computerized trading glitches, but that apparently didnt happen in New York amid fears of a European debt crisis.
May 7
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Check out the digital edition of the May 10-23, 2010 issue of Accounting Today by clicking here.
May 7 -
The Tax & Accounting business of Thomson Reuters has released Checkpoint Learning, a system that combines legislative news, research, testing, and the ability to determine compliance with continuing professional education requirements.
May 7 -
Business management tool developer New Horizon Software Technologies has released PlanGuru Version 12, the latest version of its budgeting, forecasting and planning software for small and midsized businesses and nonprofit organizations.
May 7 -
The Bureau of Labor Statistics issued its monthly employment report, finding that in the month of April, the economy created 290,000 jobs, including 231,000 in the private sector, the largest number of new jobs in four years.
May 7 -
The Internal Revenue Service has opened examinations of over 30 colleges and universities as part of an ongoing investigation into the business activities of tax-exempt academic institutions.
May 7 -
The majority of CFOs see state taxes increasing for their companies and believe that state and local tax compliance has become more demanding than federal tax compliance, according to a new survey by Grant Thornton.
May 7 -
The federal government is losing millions of dollars every year due to increasing taxpayer noncompliance with Individual Retirement Account requirements, according to a new government report.
May 7 -
NetSuite Inc. has partnered with IBM to further connect and integrate their respective cloud solutions, mostly via IBMs recent acquisition of Cast Iron Systems.
May 7