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Citigroup chiefs ready to waive bonuses
Citigroup's top executives, and Robert Rubin, a director and senior adviser, are ready to forgo their bonuses this year amid growing internal and external pressure to atone for the company's huge losses and a $300bn government bail-out
FT.com

FRC 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
Telegraph

Astro-Med, Inc.: Astro-Med Reports Third Quarter Financial Results; Directors Declare Regular Cash Dividend
WEST WARWICK, RI (MARKET WIRE) Astro-Med, Inc. (NASDAQ: ALOT) reports net income of $649,000, equal to 9 cents per diluted share, on sales of $17,681,000 for the Third Quarter ended November 1, 2008. For the corresponding period of the prior year, Astro-Med reported net income of $1,562,000, equal to 21 cents per diluted share, on sales of $19,139,000. Net income in the prior year quarter included a tax benefit of approximately $446,000, or 6 cents per diluted share, due to favorable resolution of certain income tax examinations.
Market Wire

Cramer names new digital-business director
Cramer has hired Cecil Dorman as an account director for the firm’s digital business, the agency said Wednesday. Dorman joins Norwood, Mass.-based Cramer from
Big News Network

Canada's tax cuts imports of China aluminium extrusions - FXStreet.com
SANYA, China, Dec 4 (Reuters) - Canada has imposed a tax of between nearly 40 and 119 percent on imports of Chinese aluminium extrusions, keeping the Chinese product from going into the country, Benson Wu, sales director at Kam Kiu Aluminium Group ...
Feed Digest

It is better for companies to have a mix of equities and bonds ... - Businessday Online
In this interview with NGOZI UCHE, managing director/chief executive officer, Vision Trust and Investment Limited, Emma Ohanwusi calls for sensitisation of the investing public on the benefits of bonds. Low awareness of bond market Investors have not ...
Feed Digest

Catalyst Health Solutions, Inc. Announces Retirement of Co-Founder Thomas L. Blair From the Board of Directors (Business Wire)
ROCKVILLE, Md.----Catalyst Health Solutions, Inc. announced today that Thomas L. Blair, the co-founder of CHSI , is retiring from the Board of Directors effective December 31, 2008 in order to pursue public service opportunities, possibly in the new administration.
yahoo.com

Mortgage lending may fall further in 2009
The director general of the Council of Mortgage Lenders (CML) has warned that mortgages will continue to be in short supply into 2009.Speaking at an industry conference earlier this week, Michael Coogan explained that there are many reasons for this, including an overall shrinkage of the UK mortgage market and the difficulties faced by lenders [...]
Telegraph

Associate Director
A fantastic opportunity to get the chance to work with a company that is a recognised leader in providing commercial and contract consultancy services, who investigate contractual, financial and management problems within the construction and engineering industries. The company are currently working on the prestigious projects all over the world including for example the Dubai Metro Project in Dubai, UAE. However this role is Australia based & covering the Australasia region.
co.uk

Enbridge Inc.: Enbridge Increases Dividend by 12%; Announces 2009 Earnings Guidance
CALGARY, ALBERTA (MARKET WIRE) Enbridge Inc. (TSX: ENB) (NYSE: ENB) today announced that its Board of Directors has declared a quarterly dividend of $0.37 per common share payable on March 1, 2009 to shareholders of record on February 16, 2009. The dividend reflects a 12% increase from the Company's prior quarterly rate of $0.33 per share. Enbridge also announced its 2009 guidance for adjusted operating earnings of $2.18 to $2.32 per share.
Market Wire

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