Best of Accounting

Saturday, August 9, 2008

MBIA 2nd-qtr profit rises on gain - guardian.co.uk


RTT News

MBIA 2nd-qtr profit rises on gain
guardian.co.uk, UK - 15 hours ago
As the fair value of its obligations declined, the company recorded about $3 billion in accounting-related gains, giving quarterly net income a boost. ...
New-Math Mirage At MBIA Forbes
MBIA Rises on Profit Beat TheStreet.com
MBIA shares rally on profit report Lower Hudson Journal news
guardian.co.uk
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Houston Chronicle

Bond Insurers Say Rules-Driven Income Boosts Won't Last
CNNMoney.com - 19 hours ago
The accounting rule affects derivatives contracts that are valued, or marked to market, each quarter. "It is as if we were not selling an insurance policy, ...
New Business Bloomberg
MBIA Posts “Phantom Profit” as CDS Spreads Blow Up Housing Wire
Ambac Posts $823 Million Q2 Profit on Accounting Quirk Housing Wire
Bloomberg - Bloomberg
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ACCOUNTING INSTRUCTOR – PART TIME
Seattle Times, United States - 12 hours ago
Pierce College is accepting applications for Accounting Instructor to fill part-time openings for Fall Quarter 2008 and anticipated openings in Principles I ...
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Marine Petroleum Trust Announces Change in Accounting Method
MarketWatch - 16 hours ago
("Marine"), today announced that Marine has changed its accounting method from the accrual method to the modified cash basis method of accounting. ...
New rules lead to merger rush Philadelphia Inquirer
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US Chamber Says Proposed Changes to FASB Standard will Benefit ...
MarketWatch - 13 hours ago
WASHINGTON, Aug 08, 2008 /PRNewswire-USNewswire via COMTEX/ -- The US Chamber of Commerce today voiced strong opposition to proposed accounting rule changes ...
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US Chamber says proposed accounting rule change could spur lawsuit ...
Legal News Line, DC - 7 hours ago
BY CHRIS RIZO WASHINGTON (Legal Newsline)-Proposed accounting rule changes could result in widespread lawsuit abuse, the US Chamber of Commerce said Friday. ...
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WWJ

Deloitte puts $26M in GM fraud accord
Windsor Star,  Canada - 3 hours ago
s auditor, agreed to pay $26 million to settle claims that it missed accounting irregularities in the automaker's earnings reports that led to investor ...
GM, Deloitte to pony up $303 million to settle accounting fraud ... FinancialWeek (subscription)
Plaintiffs Firms Score $303 Million Class Action Settlement From ... Law.com (subscription)
Insurance to cover part of GM D&O settlement Business Insurance
Wall Street Journal - USA Today
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MSN Money UK

Pensions accounting Choose a number
Economist, UK - Aug 7, 2008
It also points to some glaring gaps in accounting rules that may be hiding a black hole in many pension funds that is bigger than most imagine. ...
FTSE 100 pensions 'back in the red' guardian.co.uk
UK pensions are 'back in the red' BBC News
LCP: Profit-seeking pension schemes 'run risks' Money News
FT Adviser - istockAnalyst.com
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