Columbus Business Daily - Earnings Management News

Earnings Management News

Duping the families of fallen soldiers Saturday, September 4, 2010 @ 2:23AMThe package arrived at Cindy Lohman’s home in Great Mills, Maryland, just two weeks after she learned that her son, Ryan, a 24-year-old Army sergeant, had been killed by a bomb in Afghanistan. It was a thick, 9-inch-by-12-inch envelope from Prudential Financial Inc., which handles life insurance for the Department of Veterans Affairs.
Also In This Story Saturday, September 4, 2010 @ 12:41AMDismiss PCB and the team. Build afresh from the grassroots. 1993 Wasim Akram loses his captaincy for allegedly offering fast bowler Ata-ur-Rahman Rs 1 lakh to under-perform against New Zealand.
Walgreens plans asset swap with Omnicare Saturday, September 4, 2010 @ 12:23AMWalgreen Co. announced it will exchange most of its long-term-care pharmacy business for substantially all of Omnicare's home-infusion operations.
Companies hire 67K, but jobless rate rises Friday, September 3, 2010 @ 11:01PMPrivate employers hired more workers over the past three months than first thought, a glimmer of hope for the weak economy ahead of the Labor Day weekend.
Best state pension system reform: Get rid of it Friday, September 3, 2010 @ 10:29PMFor years Connecticut state government has been funding itself by raiding the state employee pension fund, an abuse that worsened by $315 million in the last two years as the Rell administration and General Assembly could not bring themselves to cut spending to match the decline in tax revenue . As a result the pension fund has only about half the assets considered necessary to fund its long ...
U.S. Stocks Snap Three-Week Losing Streak on Economic Optimism Friday, September 3, 2010 @ 10:23PMU.S. stocks rose, snapping three weeks of declines, as better-than-estimated growth in private employment and manufacturing raised optimism the economy will avoid a recession.
In dire economy, Labor Day takes on new focus Friday, September 3, 2010 @ 10:16PMAsk around about what Labor Day is all about and you’re likely to hear a very similar response from almost everybody — something as far removed from labor as you could possibly imagine.
Demler responds to Wheatfield audit report Friday, September 3, 2010 @ 9:37PMAlthough I have not seen the entire draft report for Wheatfield’s audit, Mr. Hart and I did discuss some of the issues discussed by that report, and the corrections that should be made.
Hiring by private sector up by more than first thought Friday, September 3, 2010 @ 9:18PMWASHINGTON -- Private employers hired more workers over the past three months than first thought, a glimmer of hope for the weak economy ahead of the Labor Day weekend. But the unemployment rate rose because not enough jobs were created to absorb the growing number of people looking for work.
Unemployment up even as employers add jobs Friday, September 3, 2010 @ 9:17PMUnemployment is stuck at high levels even though some companies are hiring. The problem, government data show, is that too few jobs are being created for the growing number of people looking for work. Private employers added a net total of 67,000 jobs in August. But the unemployment rate rose ...
Stock futures surge after jobs report Friday, September 3, 2010 @ 6:54AMStocks are set to extend their rally Friday after a relatively encouraging report on the jobs market lifted hopes about the pace of economic growth.
The Zacks Small-Cap Profile include: Transdel Pharmaceuticals Friday, September 3, 2010 @ 6:51AMThe Zacks Small-Cap Profile include: Transdel Pharmaceuticals
GeckoSystems Releases Statistics Further Substantiating Naked Shorting Activities Friday, September 3, 2010 @ 6:51AMCONYERS, GA--(Marketwire - 09/03/10) - GeckoSystems Intl. Corp. (Pinksheets: GCKO - News ) revealed today further analyses depicting the level of naked shorting of GCKO stock. GeckoSystems is a dynamic leader in the emerging mobile robotics industry revolutionizing their development and usage with "Mobile Robot Solutions for Safety, Security and Service." GeckoSystems' CEO wants to set the ...
Wipro Joins With Oracle to Deliver Domain Solution for Industrial Manufacturing, Automotive and High Tech Industries Friday, September 3, 2010 @ 6:51AMBANGALORE, India----Wipro Technologies, the global Consulting, System Integration and Outsourcing business of Wipro Limited , today announced an initiative with Oracle to jointly deliver a Warranty Management and Analytics solution for the Industrial Manufacturing, Automotive and High Tech industries.
Stocks extend September rally after jobs report Friday, September 3, 2010 @ 6:43AM(AP:NEW YORK) Stocks are extending their rally after a relatively encouraging report on the job market lifted hopes about the pace of economic growth.
Stocks extend September rally after jobs report Friday, September 3, 2010 @ 6:42AMStocks extended their rally Friday after a relatively encouraging report on the jobs market lifted hopes about the pace of economic growth.
Zacks Analyst Blog Highlights: Hot Topic, Zumiez, Burger King Holdings, Diageo and McDonald's Friday, September 3, 2010 @ 6:42AMZacks Analyst Blog Highlights: Hot Topic, Zumiez, Burger King Holdings, Diageo and McDonald's
IW 50 Best: Idexx Laboratories' Value Proposition Friday, September 3, 2010 @ 6:39AMBy helping its customers deliver a 'higher standard of care,' the manufacturer of veterinary instruments has kept its top line healthy.
Upbeat Jobs Report Giving Wall Street Hope Friday, September 3, 2010 @ 6:38AMStocks are set to extend their rally Friday after a relatively encouraging report on the jobs market lifted hopes about the pace of economic growth. The Labor Department said private employers added 67,000 jobs in August, stronger than the 41,000 economists polled by Thomson Reuters had forecast.
The Consumers' Waterheater Income Fund Announces Agreement to Acquire Enbridge Electric Connections Inc. Friday, September 3, 2010 @ 6:31AMTORONTO, ONTARIO--(Marketwire - Sept. 3, 2010) - The Consumers' Waterheater Income Fund ("Fund") (TSX:CWI.UN) today announced that a wholly-owned subsidiary of the Fund has entered into a definitive agreement to purchase all of the outstanding shares of Enbridge Electric Connections Inc. ("EECI") for approximately $23.7 million in cash, subject to a potential adjustment based on working capital ...
City's DPW Chief Hale gets 20-percent raise Thursday, September 2, 2010 @ 8:18PMThe city has approved a 20-percent pay raise for Public Works Director Michael Hale, boosting the job's salary from the current $96,374 maximum to $116,252.
Brighter prospects for auto sector — OSK Research Thursday, September 2, 2010 @ 8:15PMKUALA LUMPUR: OSK Research Sdn Bhd (OSK Research) anticipates the financial year 2011 (FY11) to be another exciting one for the automotive sector given the slew of model launches planned over the next 18 months.
S&P: Sony Bank upgraded to 'A/A-1' on increased support from parent company; outlook stable Thursday, September 2, 2010 @ 7:55PMStandard & Poor’s Ratings Services today raised its long-term and short-term counterparty credit ratings on Sony Bank Inc. to 'A' and 'A-1' from 'A-' and 'A-2', respectively. At the same time, we revi
India DayAhead: Videocon May Sell Unit Stake; Steel Authority Sale Bankers Thursday, September 2, 2010 @ 7:44PMBillionaire Venugopal Dhoot’s Videocon group may sell a controlling stake in its wireless unit to an overseas partner to help fund expansion of the business.
The economic costs of crime Thursday, September 2, 2010 @ 7:43PMOur justice system exists primarily to keep the public safe and to seek redress and closure for victims of crime. But it is also about creating the certainty that is necessary for New Zealanders to achieve their potential, and for the country to achieve ...
8 S'pore SMEs on Forbes list Thursday, September 2, 2010 @ 7:13PMFLOURISHING sectors such as infrastructure, resources and property have helped propel eight locally listed firms into the Forbes list of best small and medium-sized (SME) companies. The number of Singapore firms on Forbes Asia's 'Best Under A Billion' list is up from five last year, but still lower than the 14 in 2008 and 20 in 2007.
Texas Retired Teachers chief plans to fight for raise Thursday, September 2, 2010 @ 6:16PMWith a predicted state shortfall of anywhere from $9 to $18 billion, Texas Retired Teachers Association Executive Director Tim Lee said most organizations will fight to keep what they have.
Hovnanian CEO Discusses F3Q2010 Results - Earnings Call Transcript Thursday, September 2, 2010 @ 6:16PMCourtesy of Seeking AlphaHovnanian Enterprises, Inc. (HOV) F3Q2010 Earnings Call Transcript Septembe...
Market continues to make gains Thursday, September 2, 2010 @ 6:02PMNZX and Pyne Gould Corporation paced gains on the NZX 50 Index after more upbeat data from the US and news that the stock exchange operator made a Forbes Magazine list of top-performing companies.
AmResearch: Sunway Lagoon acquisition strategic move, but minimal impact on SunCity earnings Thursday, September 2, 2010 @ 5:59PMKUALA LUMPUR: AmResearch says Sunway City’s (SunCity) plan to buy an additional 45% stake in Sunway Lagoon Sdn Bhd (SLSB) for RM129 million as a strategic move to strengthen its earnings. It said on Friday, Sept 3 that while impact to SunCity's earnings should be minimal in FY10, it estimates this exercise would provide an uplift of about 16% to its EPS in FY11F. “We understand that the take-up ...
Martek posts higher fiscal 3Q profit Wednesday, September 1, 2010 @ 4:59PMMartek Biosciences Corp., which sells nutritional oils and dietary supplements, said Wednesday its profit grew 33 percent in its fiscal third quarter as the company benefited from its acquisition of Amerifit Brands and a pickup in nutritional ingredient sales.
Japanese, Australian Stock Futures Rise on U.S. Factory Output Wednesday, September 1, 2010 @ 4:57PMJapanese and Australian stock futures rose as faster-than-estimated growth in U.S. manufacturing supported confidence in a global economic recovery.
EXCLUSIVE-UPDATE 2-Lockheed unit sales to fetch $1.5 bln-sources Wednesday, September 1, 2010 @ 4:56PMEXCLUSIVE-UPDATE 2-Lockheed unit sales to fetch $1.5 bln-sources
Transcript of press conference of Senator Franklin Drilon Wednesday, September 1, 2010 @ 4:52PMSeptember 1, 2010. DRILON: The Senate today will pass the resolution which was approved in principle yesterday, urging President Aquino to suspend all the bonuses and other allowances of the members of the governing boards of the GOCCs. I want to emphasize that the resolution covers only the governing boards or the...
TXU Tumbles as Natural Gas Imperils Biggest LBO: Credit Markets Wednesday, September 1, 2010 @ 4:42PMBonds of the former TXU Corp., the largest leveraged buyout in history, are tumbling as a plunge in natural gas prices raises concern the company may have a harder time meeting its debt payments.
The One Thing You Must Know About PepsiCo Wednesday, September 1, 2010 @ 4:40PMLearn the most important metrics when evaluating a CEO.
TSX moves higher on manufacturing data Wednesday, September 1, 2010 @ 4:31PMThe Toronto stock market closed at a three-and-a-half month high Wednesday, led by energy and mining companies after strong manufacturing figures from the U.S. and China raised hopes for improved economic activity and higher demand.
Wesco Financial Corporation Announces Formation of Special Committee of Board of Directors Wednesday, September 1, 2010 @ 4:29PMPASADENA, Calif.--(BUSINESS WIRE)--Wesco Financial Corporation (NYSE Amex: WSC) announced today that its Board of Directors has received a formal written proposal from Berkshire Hathaway Inc. to acquire the remaining 19.9% of the shares of Wesco’s common stock that it does not presently own in exchange for shares of Berkshire Hathaway Class B common stock and/or cash, at the election of the ...
Wesco Financial Corporation Announces Formation of Special Committee of Board of Directors Wednesday, September 1, 2010 @ 4:29PMWesco Financial Corporation (NYSE Amex: WSC) announced today that its Board of Directors has received a formal written proposal from Berkshire ...
RF Micro Devices May Be Cheaper Than You Think Wednesday, September 1, 2010 @ 4:25PMIt just might be.
Inspire Names Robert Savel as Senior Vice President and Chief Technical Officer Wednesday, September 1, 2010 @ 3:30AMDURHAM, N.C.----Inspire Pharmaceuticals, Inc. announced today the appointment of Robert M. Savel, II, to the position of Senior Vice President and Chief Technical Officer, effective September 20, 2010.
Hawk-Eye Tennis Technology Firm On Sale Wednesday, September 1, 2010 @ 3:19AMThe Hawk-Eye company famous for its ball-tracking system in tennis and cricket tournaments is up for sale - as a decision looms over football goal-line technology.
Bombardier Announces Financial Results for the Second Quarter Ended July 31, 2010 Wednesday, September 1, 2010 @ 3:18AMMONTREAL, QUEBEC-- (Marketwire - Sept. 1, 2010) - Bombardier Inc. (TSX:BBD.A) (TSX:BBD.B)
Joy Global Inc. Announces Fiscal Third Quarter 2010 Operating Results Wednesday, September 1, 2010 @ 3:16AMMILWAUKEE--(BUSINESS WIRE)--Joy Global Inc. (NASDAQ: JOYG), a worldwide leader in high-productivity mining solutions, today reported third quarter fiscal year 2010 results. New orders increased 51 percent as compared to the third quarter of 2009. Net sales for the quarter were $850 million compared to $956 million in the third quarter of last year. Operating income was $172 million, or 20 ...
Emergent BioSolutions Awarded NIAID Contract That Increases Potential Funding to Over $58 Million for Advanced ... Wednesday, September 1, 2010 @ 3:16AMROCKVILLE, Md.--(BUSINESS WIRE)--Emergent BioSolutions Inc. (NYSE:EBS) announced today that it has signed a contract valued at up to $28.7 million with the National Institute of Allergy and Infectious Diseases (NIAID), an institute within the National Institutes of Health (NIH), for advanced development of the company’s third generation anthrax vaccine candidate. The award of this contract ...
Deutsche Bank Reduces Asian Bond, Currency Bets on U.S. Slowdown Prospects Wednesday, September 1, 2010 @ 3:05AMAsian currencies and bonds are at a “tipping point” because a decline in U.S.-bound exports will weigh on economies in the region, according to Deutsche Bank AG.
Engineering TV Is Now Featuring AVEC From AUVSI Unmanned Systems 2010 Show Wednesday, September 1, 2010 @ 3:00AMDUBAI, UNITED ARAB EMIRATES--(Marketwire - September 1, 2010) - Axial Vector Energy Corporation ("AVEC") ( PINKSHEETS : AXVC ) announced today that it is being featured on Engineering TV.Com at www.engineeringtv.com .
Joy Global Inc. Announces Fiscal Third Quarter 2010 Operating Results Wednesday, September 1, 2010 @ 3:00AMMILWAUKEE----Joy Global Inc. , a worldwide leader in high-productivity mining solutions, today reported third quarter fiscal year 2010 results. New orders increased 51 percent as compared to the third quarter of 2009.
Bombardier Announces Financial Results for the Second Quarter Ended July 31, 2010 Wednesday, September 1, 2010 @ 3:00AMMONTREAL, QUEBEC--(Marketwire - 09/01/10) - Bombardier Inc. (TSX: BBD.A - News ) (TSX: BBD.B - News ) (All amounts in this press release are in U.S. dollars unless otherwise indicated.) -- Consolidated revenues of $4.1 billion, compared to $4.9 billion last fiscal year -- EBITDA of $331 million, compared to $436 million last fiscal year -- EBIT of $231 million, or 5.7% of revenues, compared to ...
Emergent BioSolutions Awarded NIAID Contract That Increases Potential Funding to Over $58 Million for Advanced ... Wednesday, September 1, 2010 @ 3:00AMROCKVILLE, Md.----Emergent BioSolutions Inc. announced today that it has signed a contract valued at up to $28.7 million with the National Institute of Allergy and Infectious Diseases , an institute within the National Institutes of Health , for advanced development of the company’s third generation anthrax vaccine candidate.