Facebook's IPO was all the rage Friday. Retail investors -- people like you, me and our neighbors -- flocked to the offering in hopes of returning to those glory days when a dramatic rise in stock price was a given.
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.
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?
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.