Bizcovering

A company that announces reverse stock split is really in big trouble. Examples of reverse stock split (announced or executed) like AIG, Citigroup, GM, AT&T, Lucent, Cypress Comm. etc tell only slightly different stories of reverse stock split consequences.

AIG, the credit giant, has recently paid out about $700 million in bonuses after receiving well over $50 BILLION from the US Governement, and moreso from the US taxpayer. Please read on and hear more about this outrageous story.

A look at the outrage expressed over the AIG bonus scandal.

Government support of AIG and its effect on the economy.

Stocks are so cheap they should be picked up.

Sometimes, corporate scandal may involve some sort of accounting fraud. Integrity is a quality that all practicing accountants should possess. An accountant should make sure that the financial statements he or she has prepared, fairly and accurately reflect a company’s financial condition as these information will influence decisions made by both internal (owners and management) and external parties (creditors, investors, government agencies). Here are just three of the many major accounting scandals that had plagued the corporate landscape in the past decade and how these indiscretions have affected the lives of thousands.

Detroit carmakers are seeking a taxpayer bailout. In exchange, General Motors donates a new Camaro to a wealthy athlete. Welcome to America.

A commentary on the takeover of the financial sector.

A brief outline of what’s happening in the turbulent world of the American Banking system, followed by a short analysis. Why this American crisis will have significant effects outside the States, and why you should care if you live in the UK or elsewhere.