A SOUTH Korean court today jailed the head of Hyundai Motor for three years for embezzlement and breach of trust. Chung Mong-Koo, 68, chief of the nation’s largest automaker, embezzled 63 billion won ($87 million) through fraudulent accounting to bribe politicians and officials.

Dubai serves as diversification model 
Dubai’s push to diversify its economy may not only save it from a possible crash in oil prices but could also serve as a model to other Gulf Arab states for a post-oil era, its leader and economists said.

Despite Strong 3Q07 Results, I’m Not Chasing After Electronic Arts 
Todd Mitchell submits: Analyst Todd Mitchell sent a note to clients on Electronic Arts’ 3Q07 results, reiterating his hold rating. Excerpts follow: EA’s fiscal 3Q07 results were slightly stronger than we expected.

Click Accounting Resources for more information