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News & Updates

April 25, 2013 Manufacturing in U.S. Cools as Durables Orders Slump

Source: Bloomberg

Demand for durable goods slumped in March by the most in seven months, adding to signs manufacturing in the U.S. cooled at the end of the first quarter. Bookings for merchandise meant to last at least three years fell 5.7 percent...

April 24, 2013 New Risks Created by Dodd-Frank Noted as Top Compliance Priorities for Financial Services Firms

eon.businesswire.com - ALPHARETTA, Ga.--(îBUSINESS WIREî)--SAI Global Compliance, the worldâs leading provider of governance, risk and compliance (GRC) products, services and technology, including the Compliance...

April 24, 2013 WSJ: Fed Convinces Financial Firms to Cut Back on Executive Bonuses

Source: Money News

The Federal Reserve is apparently having some success in its campaign to curb compensation for executives of financial services firms. The Fed’s aim is to prevent banks and other companies from taking excessive risks in order to...

April 24, 2013 Accounting Board Picks Next Chairman

Source: Floyd Norris, NY Times

Russell G. Golden was named the chairman of the Financial Accounting Standards Board on Tuesday, taking up the debate over the convergence of global rules. Mr. Golden, a former partner at Deloitte & Touche, had been a member of...

April 24, 2013 Is the Great Rotation passing pension funds by?

Source: Top 1000 Funds

The prospect of a seismic shift from bond to equity investments looks set to pass most of the world’s pension funds by, argue experts. The concept of a ‘Great Rotation’ rose to prominence following its use by Bank of America...

April 24, 2013 A Rise in Wealth for the Wealthy; Declines for the Lower 93%

Source: PewSocialTrends.org

During the first two years of the nation’s economic recovery, the mean net worth of households in the upper 7% of the wealth distribution rose by an estimated 28%, while the mean net worth of households in the lower 93% dropped...

April 23, 2013 Wal-Mart CEO Duke’s Pay Rises to $20.7 Million Last Year

Source: Bloomberg

Wal-Mart Stores Inc. (WMT) Chief Executive Officer Mike Duke got a 14 percent raise in pay to $20.7 million as the retailer, trying to recover from a weak start this year, tied future bonuses to compliance controls.

April 23, 2013 Analysis of Obama’s budget finds a higher tax burden for most Americans

Source: Washington Post

President Obama’s budget would raise taxes mainly on people earning more than $200,000 a year, although earners at nearly every income level would face a somewhat higher tax burden, according to a new nonpartisan analysis.

April 23, 2013 Foreign Investors Help Fuel U.S. Shale Boom

Source: Bloomberg BusinessWeek

China has about twice the estimated shale gas reserves as the U.S., but commercial production has been slow to ramp up on the mainland—because of a combination of challenging geology and an inflexible industry structure. Analysts...

April 23, 2013 Citi Publishes First Ever XBRL Dividend Message Over DTCC

Source: Herald Online

Citi, The Depository Trust & Clearing Corporation (DTCC) and XBRL US today announced that Citi has begun sending XBRL-formatted dividend announcements related to ADRs for which it is the depositary bank to DTCC through The...

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