Tag Archives: KPMG

Your Daily Dose of Financial News

BY: Michael D. Reif | March 12, 2019

The SEC has announced a settlement with nearly 80 investment advisory firms in which they will pay back more than $125 million “to clients who were steered into higher-cost mutual funds without adequate disclosure” as part of a new agency initiative asking Wall Street to “self-report its own misconduct” – WSJ and Law360 On Monday, … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 13, 2019

The White House strongly hinted yesterday that it will consider delaying the rapidly approaching March 2 deadline to reach a trade deal with China, “saying the United States might not impose higher tariffs on Chinese goods if talks with Beijing were going well.” That date has previously been characterized as “firm” – NYTimes Stocks liked … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 28, 2019

The longest government shutdown in US history is over.  For now . . . – Law360 and Marketplace Nissan’s Carlos Ghosn problems now extend to the United States, where the Securities and Exchange Commission has opened a probe into the accuracy of the company’s financial disclosures and internal controls – Bloomberg and NYTimes and WSJ … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 27, 2018

Facebook isn’t the only tech stock having a good week. Amazon—helped along by its booming cloud business—more than doubled its net income in Q1 as compared to a year ago – NYTimes and WSJ and Bloomberg and MarketWatch The Cloud was kind to Microsoft, too – WSJ and Bloomberg For Wells, it’s only getting worse … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 6, 2018

Jobs Report Friday again! Here’s what to consider while picking through the numbers – WSJ and Bloomberg and NYTimes With all that went on between the US and China over the past week alone on tariffs, a timeline may help. Luckily, the Times was thinking of our plight when it put this together – NYTimes … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 25, 2018

Here’s why the phrase “weak dollar” was on everybody’s lips yesterday [and some thoughts on what it means for the US economy] – MarketWatch and WSJ and Bloomberg and Reuters It’s getting worse before better at GE, which yesterday made a disclosure double whammy of a $9.8 billion Q4 loss and an SEC inquiry over … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 13, 2017

Accounting giant KPMG has terminated six employees—including the head of its US audit practice—after learning that they were given “improper warnings” ahead of planned audit inspections by the Public Company Accounting Oversight Board – NYTimes and WSJ More on the pressure that Jana’s applying to Whole Foods, a company that’s been, to some degree, a … Continue reading