President Obama hails bipartisanship as he signs the JOBS Act and praises America's legacy of daring entrepreneurs.
The Jumpstart our Business Startups, or JOBS Act, is a win for entrepreneurship as well as bipartisan politics, and given economic hardship, unemployment and political bickering, it's time for a win. Next step: Declare victory and unleash an economic winning streak.
There's nothing illegal about being so big that you dominate a market.
In the war against regulations and government restrictions, proponents have argued that it would be better for our economy to let the market rule. If we just get government out of the way, the market would determine business winners and losers and more jobs would be created. It's an appealing, red-blooded, American-sounding pitch. But what are the practical outcomes of such a policy?
The recent attempt by some of the nation's largest banks to impose new fees on debit card use has caught the attention of the Justice Department.
NEW YORK (AP) -- NBA owners held a conference call Thursday to receive an update on the lockout, a person with knowledge of the details said.
The U.S. Department of Justice filed an antitrust lawsuit against AT&T on Wednesday seeking to block its $39 billion merger with T-Mobile.
Can a decision by the U.S. Supreme Court in 1922 help to explain why Mike Jacobs, who until his release this morning was playing for the Colorado Rockies' Triple-A affiliate, just became the first player in pro baseball, basketball, hockey or football to test positive for Human Growth Hormone (HGH)?
A few days ago, NFL owners approved a proposed 10-year collective bargaining agreement. The ball is now in the players' hands to approve or reject the proposal. Will NFL football soon return? Michael McCann breaks down what to expect this week.
Breaking down Wednesday's ruling by Judge Susan Nelson denying the NFL's request for a stay of her lockout decision ...
U.S. District Judge Susan Nelson's decision Monday to enjoin the NFL's lockout is a major setback for the league, which had had hoped to use the lockout to force players into agreeing on a new collective bargaining agreement that would substantially reduce players' earning capacity. While the U.S. Court of Appeals for the Eighth Circuit, which will review Judge Nelson's order, may provide renewed life to the lockout, NFL players are now poised to avoid the most onerous concessions.
Breaking down Monday's ruling by Judge Nelson to enjoin the NFL lockout ...
In his State of the Union address, President Obama pledged to "out-innovate, out-educate and out-build the rest of the world." But what will it take to enhance America's entrepreneurial edge?
On September 15, 2006, the Institute of Management Accountants sent a comment letter to the SEC. In its correspondence, the IMA asked the SEC to take another look at some financial reporting controls the commission had endorsed for Sarbanes-Oxley implementation.
Though headline writers may want to obscure this fact, the impact of today's U.S. Supreme Court ruling striking down a portion of the Sarbanes-Oxley Act of 2002 is easy to summarize: Zilch.
The McGuffin in the highly readable, 2,000-page report on what went wrong at Lehman Brothers was a bit of accounting magic called Repo 105. The transaction was based on the repurchase agreement, or repo deal, a common practice where a bank uses a security it owns as collateral for a short-term cash loan.
Unraveling the biggest-ever U.S. bankruptcy case isn't cheap.
Business advocates started scrambling on Tuesday to figure out whether Supreme Court nominee Judge Sonia Sotomayor would be good or bad for companies.
Watching their 5-year-old daughter frolic on the lush lawn of the hotel while vacationing at Disney World, Larry and Pam Mirable should have been happy. After all, a weeklong family vacation was a rare treat for the couple, who own Migu Press, a fast-growing printing company in Warminster, Pa.
The Securities and Exchange Commission adopted Wednesday a new auditing standard that encourages a less costly approach when complying with a controversial provision of the Sarbanes-Oxley corporate reform law.
To understand why London thinks it's beating New York in a race to become the financial capital of the world, walk across the Millennium Bridge toward St. Paul's Cathedral and count the number of cranes that clutter the skyline. The City, London's financial district, is in the midst of its biggest redevelopment boom since the Blitz, one result of the $100 billion in foreign investment pouring into the British capital annually.
The Securities and Exchange Commission has opened 12 investigations into collateralized debt obligations (CDO) linked to the sinking value of subprime mortgages and created a working group to focus on subprime market problems, the agency said Tuesday.
All five commissioners of the Securities and Exchange Commission are to appear Tuesday at a Congressional hearing that is expected to explore hedge fund activities, access to corporate proxy statements and so-called soft-dollar arrangements.
The easiest way to get a Wall Streeter worked up these days is to bring up New York's eroding status as the world's financial capital.
Alvaro de Molina was doing a bang-up job as chief financial officer of Bank of America. BofA's stock rose 13% on his watch, and on Nov. 28 the company surpassed rival Citigroup in market cap. But f...
On the heels of stronger-than-expected economic growth numbers and ahead of the Federal Reserve announcement on interest rates, President Bush on Wednesday told a Wall Street audience that a strong economy worthy of investors' confidence requires free trade, business regulation that's fair but not oppressive, and better transparency in terms of executive pay.
Alvaro De Molina was doing a bang-up job as chief financial officer of Bank of America. Bofa's stock rose 13% on his watch, and on Nov. 28 the company surpassed rival Citigroup in market cap. But five days later, after just 18 months in his post, he quit, calling his job "suffocating" and "less fun."
Businesses that have been complaining about the cost of complying with the Sarbanes-Oxley corporate reporting regulations will get some, but not all, of the relief they've been seeking, according to a published report.
Doesn't it often seem like those who can least afford to pay for lunch are always charged for it, and those who can most afford it get it for free?
Sarbanes-Oxley turns four years old on July 30, but you won't hear corporate America singing "Happy Birthday." In fact, the grousing about the bill - designed to protect shareholders from fraudulen...
A couple of decades ago there appeared a new blossom in the moribund garden of liberalism called neoliberalism. Naturally with that ever-hopeful prefix, "neo," slapped onto it, the liberal faithful were aglow with anticipation of yet another glad and glorious morn. Happy days would be here again. We now know that those days never came. Neoliberalism was a bust mainly because there was not much new to it. Essentially it was the same old nanny state mentality motivated by envy and indignation.
SAN FRANCISCO (Business 2.0 Magazine) - The U.S. tech-IPO market may be the latest victim of overzealous regulation.
CNNMoney: Why tech is hurtingupdated: Tue May 23 2006 10:33:00
While the month of May has not been kind to tech stocks, analysts and investors who follow the sector say that the recent pullback has little to do with tech company fundamentals. And that could mean that now is a good time to buy industry leaders.
Fortune: The Big Paybackupdated: Mon May 01 2006 00:01:00
I'M GOING TO TELL YOU a true story, my friends, about the stock market and how I lost a lot of money, and how the good guys rode in on a white horse, said hi, and left me with the equivalent of a d...
CNNMoney: 7 trendy new jobsupdated: Thu Apr 20 2006 17:40:00
NEW YORK (CNNMoney.com) - It may be true that the more things change the more they stay the same.
Corporate executives, faced with greater regulatory scrutiny and demands in the wake of corporate scandals like Enron, have for some time moaned that new compliance rules are costing them profits and manpower, as well as cumbersome and probably not that effective.
More of the nation's biggest companies are admitting they've made tax mistakes, thanks to the Sarbanes-Oxley corporate disclosure law, a newspaper reported Friday.
Restatements of financial results by public companies nearly doubled in 2005 from the year earlier partly because of the Sarbanes-Oxley corporate-governance act, The Wall Street Journal reported.
Remember when all it took to get ahead in a big company was top-notch technical skills, a dash of charisma, the stamina of a bull elephant, a record of superior performance, and a smidgen of luck? These days, you still need those things -- but they aren't nearly enough.
When President Bush tapped prominent California Congressman and fellow Republican Christopher Cox to lead the Securities and Exchange Commission, many on Wall Street cheered while prominent Democrats jeered.
Richard Scrushy, the founder and former CEO of HealthSouth Corp., was found not guilty Tuesday on all charges in the $2.7 billion accounting fraud at the hospital chain.
Fortune: CALLING OFF THE DOGSupdated: Mon Jun 27 2005 00:01:00
THE NATIONAL SPASM OF OUTRAGE over corporate and Wall Street misbehavior is shuddering to an end. As has occurred after market meltdowns and big-money scandals since the dawn of time (or at least t...
Chief executive officer turnover continued to rise in May to 120 announced departures, the fourth consecutive month of 100 or more changes, according to a report released Wednesday.
WANTED: OUTSIDE DIRECTORS. To start immediately. Audit experience a plus. Candidates should be prepared to spend at least 200 hours per year on board business and act as watchdog on behalf of the S...
Money Magazine: One Word: Accountingupdated: Fri Apr 01 2005 00:01:00
Job seekers hoping 2005 would bring better news than 2004 haven't had much to celebrate so far. Yes, the unemployment rate is down to 5.2%, the lowest in more than three years. But a big reason is ...
Great entrepreneur takes world by storm is the headline that David DePaolo imagined would accompany his handsome photo on the cover of Fortune magazine. Such dreams were in part what drove him and ...
CNNMoney: One word: Accountingupdated: Tue Mar 22 2005 16:20:00
Job seekers hoping 2005 would bring better news than 2004 haven't had much to celebrate so far. Yes, the unemployment rate is down to 5.2 percent, the lowest in more than three years. But a big reason is that the number of people who've simply given up looking for work is almost 20 percent higher than a year ago.
New York State Attorney General Eliot Spitzer vowed Tuesday to fight to the finish in his court battle with former New York Stock Exchange chief Richard Grasso over a $187 million pay package.
You can't be a whistleblower if no one hears you. That's why companies pay an outfit called the Network to provide hotlines; 150 operators gather information from anonymous callers, then send a rep...
In Fall 1996, Michael Eisner, the chairman and CEO of Walt Disney Co., decided he had made a big mistake. Just a year earlier he had hired Hollywood power broker Michael Ovitz as Disney's president...
In a post-enron fit of buyer's remorse, congress passed corporate-reform legislation in July 2002. But small companies are finding themselves disproportionately affected by another, more pernicious...
The timing could hardly have been worse. PricewaterhouseCoopers, the nation's largest accounting firm, had just finished rolling out a series of full-page newspaper advertisements--bearing catchy t...
Eugene Munson's life just got a lot smaller. As a financial manager in Procter & Gamble's fabric and home-care business, he used to track sales and analyze coupon effectiveness for the likes of D...
The Securities and Exchange Commission held a small ceremony in late July to commemorate the one-year anniversary of the enactment of the Sarbanes-Oxley Corporate Responsibility Act. That same day ...
Sniping! Backbiting! Bitter accusations! Forget the latest episode of The Restaurant, we're talking about the drama unfolding in the telecom world. Following months of whining that MCI (formerly Wo...
Fortune: Blowing Itupdated: Mon Aug 11 2003 00:01:00
How much does it cost to turn a lawyer into a whistleblower? That may sound like the setup to a bad joke, but it's a question that a lot of companies will have to start answering on Aug. 5, when a ...
The law of unintended consequences spares no one, not even the sincerest lawmakers and regulators. So let's brace ourselves for the real effects of the recent well-intended efforts to fix the crisi...
The Sarbanes-Oxley Act of 2002 ought to be renamed the Full-Employment Act for Lawyers, Accountants, and Insurance Executives. They're raking in fees that absolutely maul smaller public firms.
The Ethics Officer Association's tenth-anniversary gathering in October in Boston might have looked, at first blush, like any other conference: bleary-eyed attendees, endless sessions, and business...
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