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Capital gains on property sale Tuesday, December 2, 2008 @ 1:55PMBuying a new flat by selling an old one allows you to get tax exemptions, but there are some conditions that need to be fulfilled.
IN BRIEF: News from around Downriver Tuesday, December 2, 2008 @ 1:45PMAROUND DOWNRIVER
Role of professionals in reconstruction process Tuesday, December 2, 2008 @ 1:33PMWe in Sri Lanka have a proud claim to possess a sound system of laws, regulations and guidelines, providing for proper financial regulation and management, in both the private and public sectors. We inherited this from our colonial masters.
Colonial BancGroup Received Preliminary Approval from the U.S. Treasury for $550 Million in Capital Tuesday, December 2, 2008 @ 1:30PM MONTGOMERY, Ala.----The Colonial BancGroup, Inc. today announced that it has received preliminary approval to participate in the United States Treasury Department’s capital purchase program.
Govt, traders still upbeat on exports Tuesday, December 2, 2008 @ 1:29PMMANILA, Philippines - Both the government and exporters remain confident of growth next year even as the United States - the Philippines" main market - was officially declared on Monday to be in a recession.
Guaranteed Home Mortgage Company Announces New Survival Package for Struggling Mortgage Companies Tuesday, December 2, 2008 @ 8:45AM Guaranteed Home Mortgage Company, Inc. , a White Plains, New York-based residential mortgage investment and banking firm, today announced a new survival package for struggling mortgage companies.
Manulife Financial raising $2.125B with new shares; expects $1.5B Q4 loss Tuesday, December 2, 2008 @ 8:42AMTORONTO - Manulife Financial Corp. (TSX:MFC) expects to report a fourth-quarter net loss of $1.5 billion, and is issuing $2.125 billion in new common shares to bolster its capital position.
Forecast: Rosy outlook for legal specialties Tuesday, December 2, 2008 @ 8:41AMThe economy and the new presidential administration will have the biggest effects on Long Island’s law practices in 2009. Lawyers throughout the Island say that for the next year and for many to come, they will be reacting to the national recession and how it locally impacts Long Island’s businesses and homeowners. That means company reorganizations, real [...]
Study: Some Raleigh-Durham CFOs are still hiring Tuesday, December 2, 2008 @ 8:38AMEight percent of chief financial officers in the greater Triangle plan to add accounting and finance staff in the first quarter of 2009, while 6 percent plan cuts. (RHI)
CFO survey: Hiring to rise in ATL in Q1 Tuesday, December 2, 2008 @ 8:32AMMetro Atlanta accountants and other financial sector professionals can look forward to a slightly better job market in the new year, according to the Robert Half International Financial Hiring Index published Tuesday.
Manulife Financial raising $2.125B with new shares; expects $1.5B Q4 loss Tuesday, December 2, 2008 @ 8:18AMTORONTO - Manulife Financial Corp. (TSX:MFC) expects to report a fourth-quarter net loss of $1.5 billion, and is issuing $2.125 billion in new
CCC presents alumni, community awards Tuesday, December 2, 2008 @ 1:13AMCORNING -- Corning Community College honored six alumni and a local manufacturer during a Nov. 12 ceremony at the Commons Building on the Spencer Hill campus.
Auctioneer faces felony charges Tuesday, December 2, 2008 @ 12:22AMA local auctioneer was charged with felony grand larceny by the New York State Police on Sunday after he was accused of failing to pay $19,000 to a customer who used his services, troopers said.
A V Rajwade: A bottomless pit? Monday, December 1, 2008 @ 12:30AMI had quoted, last week, the Bank of England’s estimate of the aggregate central bank and government support to banks in US and Europe at £5 trillion. It is already looking a gross under-estimate: Bloomberg has estimated the figure for the US alone at $7.4 trillion!
Tea - a lion’s share Monday, December 1, 2008 @ 12:25AMTata Tea has come a long way from being a large domestic plantation company into the world’s second largest branded tea player supported by various tea brands (own and acquired).
Global Woes Monday, December 1, 2008 @ 12:25AMThe slowdown in developed markets is having an adverse impact on export oriented and transnational companies. There is no doubt that the world economic outlook has turned unfavourable.
Biz Monday: Local Newsmakers Monday, December 1, 2008 @ 12:24AMYesenia Gonzales has joined Markham Norton Mosteller Wright & Company as an administrative assistant in the Naples office.
Internet deal hunters look to Cyber Monday Monday, December 1, 2008 @ 12:17AMWith the leftover turkey packed away in the fridge and the dishes dried, Americans no longer can deny the arrival of the holiday shopping season.
Real estate transactions Monday, December 1, 2008 @ 12:14AMThat’s Haute, an interior-design and home-furnishings company, has leased 1,742 square feet at The Shops at Cheek Sparger. The business will sell upscale home furnishings.
Autoworker chief pleads for government aid Monday, December 1, 2008 @ 12:14AM WASHINGTON — The head of the United Auto Workers made a public plea Sunday for government help for U.S. carmakers as the Big Three put the final touches on stabilization plans to submit to Congress.
Sour mortgage-related investment spoils Slavie earnings Monday, December 1, 2008 @ 12:09AMThe parent company of Slavie Federal Savings Bank posted a $1.6 million third-quarter loss as one of its investments lost value in the battered mortgage market.
One high school has small loans and big ambition Monday, December 1, 2008 @ 12:09AMOver sandwiches and pizza, a group of high school students here debated the pros and cons of combating poverty in five desperate nations. They scrolled through Web sites, analyzed statistics and considered how much they knew about the economy, language and culture of each country.
*vwd/BUSINESS WIRE: Gemalto Spells out Its Position Following Wavecom’s Publication of General Shareholders Meeting’ ... Monday, December 1, 2008 @ 12:07AMMITTEILUNG UEBERMITTELT VON BUSINESS WIRE. FUER DEN INHALT IST ALLEIN DAS BERICHTENDE UNTERNEHMEN VERANTWORTLICH.
Elm Springs Forced To Make Decision On Fire Protection Sunday, November 30, 2008 @ 2:38AM"Star Wars" may be passe, but a spin-off, Fire Wars, is heating up in northwest Washington County.
Business events this week Sunday, November 30, 2008 @ 2:30AMFall Accounting Forum presented by the Michigan Association of Certified Public Accountants. 8:30 a.m.-4:30 p.m., Kensington Court Hotel, 610 Hilton Blvd., Ann Arbor. Member $215, registrant $315. Recommended continuing professional education credit: 8 hours (includes A&A and Ethics). To register, visit www.michcpa.org, Course Code: FAF or call 888-877-4273.
ON THE MOVE: EFP Group hires Brighton man Sunday, November 30, 2008 @ 2:14AMA Brighton man has been hired as senior accountant at EFP Group.
The Week In Review: Things You Should Know Sunday, November 30, 2008 @ 2:07AM• MONDAY AmTrust ordered to improve finances AmTrust Bank of Cleveland is under fire from federal regulators for not having enough money in reserves, and it has been ordered to not make any new loans for land acquisition, development or...
Semcan Inc. Reports Third Quarter 2008 Financial Results Friday, November 28, 2008 @ 5:27PM TORONTO, ONTARIO-- - Semcan Inc. today reported financial results for its quarter ended September 30, 2008. Revenues for the quarter were $19.99 million, an increase of 164% over revenues of $7.57 million for the quarter ended September 30, 2007.
Chippewa man buys chunk of accounting firm Friday, November 28, 2008 @ 4:28PMCHIPPEWA TWP. - Scott Care, who has been an accountant with S.R. Snodgrass in Beaver County for more than 25 years, has bought about half of the local portion of the business and started his own firm.
Mark Nelson leaving Nelson company Friday, November 28, 2008 @ 4:22PMMark Nelson, president and COO of the Nelson Family of Companies founded by his father Gary D. Nelson announced today his plans to explore new opportunities.
Farmers reap stability from wind Friday, November 28, 2008 @ 3:33PMWASCO, Ore. - Hilderbrand Lane slices through acres of wheat fields as it heads east out of Wasco, a tiny town burrowed into Oregon’s poorest county. Stubble from summer’s harvest bristles in every direction.
Manitoba/National News Friday, November 28, 2008 @ 1:26PMOTTAWA — The Conservative government will slash perks, curb program spending and halt subsidies to political parties to fend off a deficit in the next five years.
Area retailers excited about Crack of Dawn sale Friday, November 28, 2008 @ 1:15PMDespite national news of impending economic doom, most local retailers say their businesses are doing quite well and, in many cases, showing increases over last year.
General Motors Acceptance Corporation of Canada, Limited Update to Investors Friday, November 28, 2008 @ 1:01PM General Motors Acceptance Corporation of Canada, Limited today issued an update to investors following the Nov. 20, 2008 announcement by its parent, GMAC Financial Services , of its application to become a U.S. bank holding company and related financing initiatives.
Low-cost carrier SkyEurope more than doubles annual loss Friday, November 28, 2008 @ 12:54PMVienna - Budget carrier SkyEurope reported Friday that its net loss for its business year running until the end of September more than doubled to 59.4 million euros (77 million dollars), as results were affected by high fuel prices. The company defau...
Hitting the catwalk to fight cancer Friday, November 28, 2008 @ 12:50PMIt may seem like counterintuitive advice from a man who makes numbers his business, but State Auditor General Ernest Almonte urged newly elected members of school committees from across the state to think differently at a conference Saturday.
28.11.2008 - DJ HUGIN AD-HOC/splendid medien AG: Splendid Medien Group 2008 Nine-Month Figures Friday, November 28, 2008 @ 12:47PMAd hoc announcement according to §15 WpHG processed and transmitted by Hugin. The issuer is solely responsible for the content of this announcement. (Cologne, 28 November 2008) - In the first nine months of 2008, Cologne-based Splendid Medien AG generated consolidated revenue of EUR 24.1 million (previous year: EUR 19.7 million).
Masonite International Inc. Announces Unaudited Summary Financial Information for the Third Quarter and First Nine ... Friday, November 28, 2008 @ 12:28PM MISSISSAUGA, Ontario----Masonite International Inc.: Third Quarter Highlights Q3 2008 Q3 2007 Increase / Net Sales $453.2 $529.3 Gross profit 72.1 121.2 Selling, general and administrative expenses 40.1 50.4 Operating EBITDA 32.1 70.8 Adjusted EBITDA 33.1 80.8 9/30/2008 6/30/2008 Cash on hand $208.3 $241.4 Net debt 2,056.2 2,035.1 21.1 Accounts receivable 307.7 348.2 Inventory 284.5 296.5 ...
IN BRIEF: News around Downriver Friday, November 28, 2008 @ 12:19PMAROUND DOWNRIVER
Competition Authority Approves Peab Planned Acquisition of Peab Industri Friday, November 28, 2008 @ 1:55AM STOCKHOLM, Sweden----Regulatory News:
DSM Opens Third Premix Plant in China to Support Further Growth Friday, November 28, 2008 @ 1:29AM Royal DSM N.V., the global Life Sciences and Materials Sciences company headquartered in the Netherlands, today announces that DSM Nutritional Products has opened its third premix plant in China.
Adviser with the Moscow-based US Law Firm Arrested Thursday, November 27, 2008 @ 7:17PM27 November 2008 – Sergei Magnitskiy, a legal and accounting adviser with the Moscow-based law firm, Firestone Duncan, was arrested by the Russian Interior Ministry following a raid on his home.
Foreign banks lobby to be included in U.S. tax breaks Thursday, November 27, 2008 @ 6:54PMBanks with U.S. operations argue that new accounting rules announced by Treasury should apply to them as well.
Cablemas 3Q08 Net Revenue and Adjusted EBITDA Up 16.8% and 12.5% YoY Thursday, November 27, 2008 @ 4:22PMMEXICO CITY, Nov. 27 /PRNewswire/ -- Cablemas, S.A. de C.V., (Cablemas), the second-largest cable television operator in Mexico based on number of subscribers and homes passed, today announced results for the three-month period ending September 30, 2008.
Empirical Showing Revenue Growth Thursday, November 27, 2008 @ 4:22PM MISSISSAUGA, ONTARIO-- - Empirical Inc. is pleased to announce that it has released its results for the third quarter and nine months ending September 30, 2008.
Canoro Achieves Sixth Consecutive Quarter of Production Growth Thursday, November 27, 2008 @ 4:21PM CALGARY, ALBERTA-- - Canoro Resources Ltd., is pleased to announce its financial and operational results for the three and six months ended September 30, 2008.
UBS probe finds a number of U.S. tax fraud cases Thursday, November 27, 2008 @ 6:29AM Swiss bank UBS, at the center of a U.S. investigation into offshore services it provided to wealthy Americans, said on Thursday it had uncovered a "limited number" of tax fraud cases.
De Agostini sets €200m aside in bid to become next Endemol Thursday, November 27, 2008 @ 6:26AMItalian media and finance company De Agostini is seeking to build a global content business with a €200m (£169m) fund to buy TV production and digital media companies. By Kate Bulkley
Grant Thornton wields redundancy axe Thursday, November 27, 2008 @ 6:06AMGrant Thornton is planning to cut 225 jobs, around 5% of its workforce, in response to an expected slowdown in growth next year at the mid-tier accounting firm.
Grant Thornton wields redundancy axe Thursday, November 27, 2008 @ 5:52AM David Jetuah, Accountancy Age , Thursday 27 November 2008 at 11:30:00 Grant Thorton staff face a bleak Christmas as the economic downturn begins to hit the profession Grant Thornton is planning to cut 225 jobs, around 5% of its workforce, in response to an expected slowdown in growth at the mid-tier accounting firm next year....