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Redstone agrees partial sale of 1,500 cinemas Media mogul Sumner Redstone has reached agreement with his daughter, Shari, to put some of National Amusement's 1,500 cinemas on the block rather than the entire division, as part of debt-restructuring discussions to avoid selling more shares of Viacom and CBS, people familiar with the matter said FT.comFRC moves to avert a going concern `crisis` David Jetuah , Accountancy Age, Thursday 4 December 2008 at 02:11:00Companies do not need to have a confirmation of credit lines from their banksto continue trading as a going concern, says FRCThe head of corporate reporting at theFinancial Reporting Councilhas said companies do not need to have confirmation of credit lines from theirbanks to continue trading as a going concern.The financial reporting watchdog last week issued guidance on when auditorsand directors should issue going concern warnings that a company may not stillbe trading in 12 months' time.Ian Wright told Accountancy Age that the FRC issued the guidancepartly to avoid a 'management disaster'. As a recession looms, he said there isthe risk of a stampede of companies trying to get their credit lines confirmedby banks. Failure to obtain confirmation could then see companies issue warningsover 'material uncertainty', questioning whether they could continue as a goingconcern in their financial repor TelegraphBrown reveals mortgage help scheme Gordon Brown today announced measures to help families avoid repossession by deferring a proportion of their mortgage interest payments for up to two years. The IndependentNY lawmakers discuss early retirement incentives (AP) Lawmakers are quietly discussing an early retirement incentive to state workers as a way to trim New York's payroll during a fiscal crisis and avoid layoffs. yahoo.comForex Trading - Is Forex Advisor Necessary For Success? After plunging into real trading, a newbie in forex trading might face the undeniable reality of not being very successful the first month or so. A swing from overconfidence to feeling inadequate about the losses may fabricate the idea of getting a mentor, a so called forex guru, to magically lift the unlucky spell off the fruitless trading decisions. Can forex advisor really get you out of misery and are these forex gurus worth the money spent? ezinearticles.comFSA warns on "floors" in tracker rate loans The Financial Services Authority (FSA) has warned banks and building societies not to use the small print in mortgage agreements to avoid passing on cuts in the Bank of England’s base rate.The Bank is widely expected to cut the base rate again this week, by up to 1%.However, some lenders have included “collars” or “floors” [...] Finance MarketsWill Clients Go for Your E-Billing Fix? To avoid electronic billing woes that can plague law firms, Choate Hall & Stewart sought a system that would automate bill creation, upload bills to clients' e-billing apps and allow invoice tracking. The firm chose software as a service eBillingHub -- with interesting results. Law.comFIABCI: ``The Real Estate and Financial Crisis: Causes, Effects and Impacts on Development,`` a Seminar Organized by the Secretariat and the Real Estate Market Advisory Group (REM) of the United Nations Economic Commission for Europe, With the Suppor NEW YORK, NY (MARKET WIRE) The financial crisis is having repercussions on economies throughout the world and is likely to be the most severe global crisis since the Great Depression of the 1930s. As it is becoming a global challenge, the United Nations through a number of different initiatives is trying to understand its root causes, as well as the effects and impacts of the crisis on development. In addition to providing advice on addressing the current crisis, there is a need to discuss institutional changes and ways to operate that will help world markets to avoid similar shocks in the future and make the real Marketwire.comEnsuring Safe Holiday Office Cheer As the year draws to a close and the holiday season fast approaches, employers can chase away any holiday fears and ensure a business full of happy holiday cheer by avoiding a few common legal pitfalls. By taking some simple precautions, employers can ring in the New Year without worrying about any post-holiday headaches (or lawsuits). nfib.com |
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