12/24/14 Accounting Newswire

Comprehensive Real-Time News Feed for Accounting.

• Chinese entrepreneurs aim to become technology power players _{2014-12-25, 08:09 pm}
  People walk through Alibaba's headquarters in Hangzhou, China. The e-commerce giant, which went public on Wall Street in September, has become a $263-billion juggernaut with far-flung interests in areas such as entertainment, mapping and banking.
• Short Interest in H & R Block Decreases By 31.4% _{2014-12-25, 01:34 pm}
  H & R Block saw a significant decline in short interest during the month of November. As of November 28th, there was short interest totalling 2,279,779 shares, a decline of 31.4% from the November 14th total of 3,324,241 shares, American Banking and Market News reports.
• Modi's e-auction plan is good but experts warn of caution ahead _{2014-12-25, 08:46 am}
  While the former needed some assurance on transparency in government contracts after a slew of scams hit the headlines, the latter had become averse to taking decisions due to an array of charges against their colleagues in the recent past. According to experts, the biggest benefit of e-tendering is that it leaves an "audit trail", much to the respite of the bureaucrats.
• Online shakes up physical format in India's retail space _{2014-12-25, 06:03 am}
  It's still a small component of India's Rs.38 trillion overall retail trade industry. Yet, the e-commerce format with sales of Rs.1 trillion managed to create a buzz in 2014 like never before - not just with mega promotions but also with mergers, acquisitions and some crazy valuations.
• BEIJING: Wanda chief survives poor IPO _{2014-12-24, 11:02 pm}
  ... per cent to HK$43.8 each at one stage before recovering later in the day. Dick Kay, a partner at international accounting firm Deloitte Touche Tohmatsu, said the poor performance of Dalian Wanda Commercial was due to uncertainties surrounding the ...
• On the Twelfth Day of Privacy, My True Love Gave to Me . 12 Different Types of Wearables _{2014-12-24, 09:27 pm}
  There is no doubt that wearable devices are among the hottest gifts of the season! From fitness bands and smart watches to wearable cameras and the Google Glass, there is definitely someone on your list who may benefit from a wearable gadget. While wearable technology has great potential to improve our lifestyle, health, and even work productivity, it also causes concern for current and future users.
• Last-minute shoppers reflect seasona s mixed forecasts _{2014-12-24, 06:13 pm}
  Shoppers on the Magnificent Mile at noon on Christmas Eve were enjoying their deadline-driven treks to stores, even in a dreary rainfall. Their varied reasons for waiting until the last full shopping day reflected trends that analysts say denote this holiday season: More average Americans are worried about being financially squeezed, while affluent households are snapping up clothes and jewelry for holiday parties.
• Job Openings Near East Hampton and Portland: PETCO, HR Block and More _{2014-12-24, 04:02 pm}
  At Petco, we believe it is our duty to nurture the complete health and well-being of animals. We're here to help pet parents navigate the ups and downs of pet parenthood.
• GE, NRG, ConocoPhillips Venture Winding Down, Shows Mixed Results _{2014-12-24, 04:00 pm}
  A joint venture launched nearly four years ago by a trio of major industrial and power companies is done making new investments, with fewer deals made than anticipated and no word on how much was actually invested. teamed up to create an unusual joint venture aimed at investing $300 million in clean-technology startups.
• Total Compensation Up for Tyson Executives in 2014 _{2014-12-24, 02:29 pm}
  ... shareholders vote against the policy. Ratification of PricewaterhouseCoopers LLP as the firm's independent accounting firm. Tyson Foods is recommending shareholders vote for the ratification. Correction: A previous version of this article had the ...
• Wes Edens-related senior living firm plans $435M acquisition _{2014-12-24, 02:06 pm}
  Milwaukee Bucks co-owner Wes Edens ' latest senior living venture said it will make a $435 million acquisition of a 17-property portfolio of private pay, independent living senior housing properties. Edens is chairman of New Senior Investment Group Inc. .
• Movers & Shakers 23/12/14: Matthew Gowen joins corporate criminal defence team at Birketts_{2014-12-24, 09:58 am}
  ... is based in Ipswich, and is a member of the society's leadership team. He has more than 20 years' finance and accounting experience gained across a wide range of sectors including retail, property and professional services. "I'm honoured to have ...
• 4i recognized by Delotte among the 500 fastest growing companies in Asia Pacific _{2014-12-24, 08:07 am}
  PRLog - Dec. 24, 2014 - CHENNAI, India -- 4i Apps today announced that it ranked Number 438 on the Deloitte Technology Fast 500a Asia Pacii c 2014, a ranking of the 500 fastest growing technology companies in Asia Pacii c. Rankings are based on percentage revenue growth over three years.
• IG audit finds 'material weakness' in FERC's accounting practices _{2014-12-23, 03:00 am}
  ... General has uncovered a deficiency in the commission's financial management system that the independent public accounting firm classified as a "material weakness." KPMG found that while FERC's financial statements for fiscal year 2014 fairly reflect ...
• Sharjah Tatweer Forum organises two-day event to support innovation in UAE _{2014-12-24, 08:14 am}
  As part of its support to the National Innovation Strategy, which is one the most important visions and key tools to achieve the UAE 2021 vision, Sharjah Tatweer Forum organized its annual '24 Hours of Provocative Thinking' event, under the theme 'Towards an innovation eco-system'. Held in Ras Al Khaimah, the two-day event attracted a number of decision makers from public and private sectors as well as academic and civil society representatives.
• Cornell Report Demonstrates the Power of Management Integrity _{2014-12-24, 02:49 am}
  The Center For Hospitality Research at The Cornell School Of Hotel Administration 537 Statler Hall Ithaca, NY 14853 United States Phone: 607-255-9780 Fax: 607-254-2922 Visit Website Taking actions that match your stated priorities - and not stating priorities you do not back up with action - are keys to effective management, as explained in a new report from Cornell's Center for Hospitality Research . The report, " What Message Does Your Conduct Send? Building Integrity to Boost Your Leadership
• Last-minute Christmas shopping scramble set to be quieter than... _{2014-12-24, 02:24 am}
  Five million Christmas shoppers are set for a dash to the high street today - but the last-minute scramble is set to be quieter than usual after millions stocked up early on Black Friday bargains, experts suggest. Around one in ten Britons are planning to grab the last of their Christmas presents today, according to Nectar point firm Aimia.
• Obituary: Paul E. Tortorella, 55, of Towaco _{2014-12-24, 01:20 am}
  Tortorella worked as a certified public accountant for many years and was employed by Brout & Company in Florham Park and Deloitte & Touche in Manhattan. In March of 1996, he joined the firm of Grant Thornton, LLP, as an audit assurance partner in the financial services industry.
• PricewaterhouseCoopers prevail in battle of firms _{2014-12-24, 01:06 am}
  Seven companies took part in the event, part of LivingSport's Workplace Challenge programme, with PwC topping the group before beating Handelsbanken 1-0 in the semi-finals while Mathworks I, who had finished fourth in the pool stage, saw off Henry Riley 2-0 in their semi. The final went to penalties following a 1-1 draw, with PwC coming through 5-4 over Mathworks in the shootout.
• Hong Kong: Pinched HK retailers left feeling blue _{2014-12-23, 10:35 pm}
  Pedestrians cross a road in Hong Kong's retail heart of Causeway Bay on March 17, 2014. Hong Kong retailers kicked off their Christmas promotions earlier than usual this year, offering deeper discounts to compensate for their losses during the "Occupy Central" campaign.