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News & UpdatesNovember 7, 2008 Ford posts $3B operating lossBy: CNN Money Ford Motor reported a $3 billion operating loss in the latest quarter, and said Friday it would reduce staff and capital spending in order to preserve its dwindling cash.
November 6, 2008 Fuld to step down as CEO of bankrupt LehmanBy: Reuters Richard Fuld, the chief executive of Lehman Brothers Holdings Inc, will step down by year's end, and not receive any bonus or severance when he leaves, a company spokesman said on Wednesday.
November 6, 2008 Sun Microsystems shareholders vote for say over top brass payBy: San Francisco Business Times Shareholders in Sun Microsystems Inc., perhaps angered over news reports about CEO Jonathan Schwartz’s ballooning pay packages, voted for more say in executive compensation. At the company’s annual meeting today, two-thirds of... November 6, 2008 Transparent accounting rules could restore confidence amid crisis – UN  By: UN News Centre The head of the United Nations Conference on Trade and Development (UNCTAD) today called for revising accounting and reporting standards to boost investor confidence amid the current global financial crisis, which he warned is... November 5, 2008 US weighs capital injections for more finance firmsBy: Reuters The U.S. Treasury Department is exploring how to best expand its capital injection program to provide more liquidity to credit markets, and is considering specialty finance firms in the process, a source familiar with the... November 5, 2008 XBRL: An Agent of Financial Reform?By: LinuxInsider Having a common language for business reporting seems like something everyone involved in the financial industry would embrace. However, XBRL, which has won the support of the SEC, may have a few wrinkles to work out. November 5, 2008 Wall Street bonus backlash brewingBy: CNN Money Wall Street now has a new worry: bonus season. There are already rumblings that the notoriously lavish payments for bankers and traders could be cut in half from a year ago, following what has been an abysmal year for the... November 4, 2008 Lawmakers want closer scrutiny of Wall Street exec pay By: USA Today Last December, Wall Street firms paid a total of $33.2 billion in bonuses for 2007, according to New York state's comptroller office. Those fat bonuses were handed out barely three months before the stunning downfall of... November 4, 2008 Business Groups Urge Lawmakers To Ease Pension Accounting RulesBy: Alibaba.com A coalition of business groups have told Congress numerous companies may have to freeze or suspend their employee pension programs unless lawmakers ease fair-value accounting requirements enacted in a 2006 update of federal... November 4, 2008 Markets predict record ECB rate cut this weekBy: Reuters A sharply slowing euro zone economy has persuaded financial markets that the European Central Bank could slash interest rates by as much as 75 basis points this week to contain the fallout from the global financial crisis [What would you find useful here?]
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