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Xerox Cuts 1Q Outlook on Restructuring 
Xerox Corp. late Monday slashed its profit outlook for the first quarter because the copy machine maker said a partner company will record accounting charges as part of a plan to cut costs.

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AES announced last night that it would restate its past financial results because of accounting “errors” that it said “would likely be material” for 2006, and it notified the Securities and Exchange Commission that it was seeking an extension to March 16 to report results.

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Convicted Exec Denies He’s Hoarding Cash 
The former Cendant Corp. vice chairman convicted in a massive accounting scandal denied he is hoarding cash to avoid paying more than $3 billion in restitution, according to court papers.

Mining stocks drag FTSE 100 down 
Mining stocks bore the brunt of an aggressive sell-off that saw the FTSE 100 register its biggest one-day percentage fall since June last year.

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Tyler Technologies, Inc. today announced that it has acquired all of the common stock of Advanced Data Systems, Inc. (ADS), of Bangor, Maine. ADS develops and sells fund accounting solutions, primarily in New England. The total purchase price for ADS, along with an office building used in its business, was approximately $4.2 million in cash.

Husband says he faked wife’s recordings 
The husband of the late British pianist Joyce Hatto has admitted passing off recordings by other artists as those of his wife, who had been hailed as a neglected keyboard genius, a Swedish record producer said Tuesday.

Hedge funds spur growth at county accounting firm 
At many professional services firms, landing new clients often is an executive’s chief task.

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Lt. Gov. Bill Halter said Sunday it appeared “high explosives” destroyed a number of homes in Dumas, where police ended a door-to-door search by accounting for everyone after a tornado hit town a day earlier with winds up to 207 mph.

IN MY OPINION: David J. Neal | Perception dictates view on Heat win 
A proper accounting of the Heat’s current status and near future without Dwyane Wade could be expected from Sunday’s meeting with Cleveland. Forget the way Houston and Dallas had Texas two-stepped on the High Temps. This was Cleveland, a fellow member of the Eastern Conference, the NBA’s NFC.

MIAMI HEAT: Wade’s absence leaves load to shoulder 
The pain in Dwyane Wade’s dislocated left shoulder might only be matched by the agony the Heat could experience attempting to stay in playoff contention without him.

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It’s already too small.

Smart Small Business Owners Streamlining Technologies 
(ARA) - Ask any small business owner to name the most frustrating cost of doing business and you can be pretty sure of their answer: billing and collecting payments.

Fannie Mae foundation will cease 
WASHINGTON - Mortgage giant Fannie Mae, remaking itself as it emerges from an accounting scandal, said Friday it will shut down its high-profile charitable foundation this year and begin disclosing its corporate contributions.

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A new policy of conciliation by Thailand’s junta has been met by increased violence, and many say that the conflict is beyond the government’s control.

People in motion 
David Duffus, a principal with Parente Randolph Accounting & Consulting, has been chosen to serve on the AICPA Economic Damages Task Force. He earned a bachelors degree in economics and political science and a masters degree in accounting and finance from the University of Pittsburgh.

Time Warner to pay $405M to settle suit 
Media giant agrees to settle claim brought by shareholders over past accounting problems at Internet unit AOL.

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Robin Baldeo joined Grogan Associates as a project specialist I.Tracie Belcher was promoted to program director at Community Link.

Inside Slant 
Cincinnati Bengals

Woodbridge mayor revels in his dream job 
John McCormac always wanted to be the boss. When he worked as an accountant for Arthur Young & Co. (now part of Ernst & Young) straight out of college, he quit to start his own accounting firm.

GE is seen increasing future earnings 
Question: General Electric Co.’s stock hasn’t done much lately. What’s the outlook for it?

Diligence and preparation vital to secure investor funds 
Many small businesses will require outside capital to expand operations, to grow a market or to develop new products. These funds can come from several sources, including the entrepreneur’s own resources, friends and family, banks, angel investors and venture capitalists.

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SOUTH KINGSTOWN, R.I. (AP) — The wife of a U-R-I accounting professor is still missing after a fire destroyed their house near campus Thursday. Now police say her car was discovered early yesterday parked and locked on the Sakonnet Bridge.

Board probes school fundraiser accounting 
The money raised from school fundraisers adds up, and one Tonganoxie School Board member wants to be sure there is a proper accounting for money raised and spent from such activities.

Matter of accounting 
How various hotel/motel tax recipients handled the money came under review by the city of Marshall.

Vornado Announces an Increase in Its Share of Toys ‘’R'’ Us’ Third Quarter Loss From a Non-Cash Tax Adjustment 
PARAMUS, N.J.—-Toys “R” Us maintains its financial statements on the Historical Cost basis; Vornado Realty Trust accounts for its investment in Toys on the Purchase Accounting basis.

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News of an accounting probe sent the electronics giant’s stock plungingand investors fear that restructuring could be delayed

MBIA used short seller’s report to help get lawsuit dismissed 
MBIA Inc. won dismissal of a shareholder lawsuit last week with the help of a report critical of its accounting, court documents show.

Sanyo Faces Accounting Investigation; Shares Tumble (Update6) 
Feb. 23 (Bloomberg) — Sanyo Electric Co., bailed out last year by Goldman Sachs Group Inc. and two Japanese banks, said regulators are investigating whether it failed to fully disclose losses. The stock plunged 21 percent.

BizWorks offers accounting workshop for artists 
ASHEVILLE - Mountain BizWorks, previously known as Mountain Microenterprise Fund, is offering an accounting class for artists at 5:45 p.m. March 6 at the Asheville BizWorks office at 29 ½ Page Avenue.

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AccountPros is now the exclusive accounting jobs sponsor in the LifeTips network. (PRWeb Feb 22, 2007) Post Comment:Trackback URL: www.prweb.com/chachingpr.php/RmFsdS1TdW1tLUhvcnItSG9yci1NYWduLVplcm8=

target=”_blank” rel=”nofollow” href=”http://www.addict3d.org/news/57817/If Apple Lost Jobs” >If Apple Lost Jobs 
“Apple has said that Jobs knew of backdated option grants but “was unaware of the accounting implications”, and an internal investigation cleared him of misconduct.

Senators Seek Delay of Accounting Rule 
Sens. John Kerry, D-Mass., and Olympia Snowe, R-Maine, have asked U.S. regulators for another one-year delay in requiring small U.S. public companies to evaluate their internal controls of financial reporting.

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