The Public Company Accounting Oversight Board gave a new proposal allowing auditors to give their commentary on "critical audit matters" in their audit reports.
Sectors
Cisco forecasts modest revenue growth after job cuts
Technology infrastructure maker Cisco announced modest revenue growth for this quarter even as it cut its workforce to reduce costs.
US Airways, AA promise to fight antitrust lawsuit filed by US government
US Airways and American Airlines promised to fight the antitrust lawsuit filed by the US Department of Justice, of which halted the airline companies' USD 11 billion merger.
Survey reveals higher levels of investor sentiment in Germany
The Center for European Economic Research reported increased levels of investor sentiment in August.
CIA confirms the existence of Area 51, ends rumors about UFOs
The US government acknowledged the existence of the aviation test site Area 51 after decades of utmost secrecy about the place.
Latest News
The Procter & Gamble Company voluntarily recalled some lots of its Eukanuba and Iams dog and cat foods for possible Salmonella contamination.
A Florida federal judge dismissed the lawsuit against the US Securities and Exchange Commission for its alleged failure to report Allen Stanford's Ponzi scheme to Securities Investor Protection Corp.
Retail sales in the US rose in July, signifying better times for the US economy. The Commerce Department revealed that US retail sales rose to 0. 2% in July.
BlackBerry CEO Thorsten Heins would make USD55.6 million if he sells the corporation and is ousted from his position.
Greece's economic growth rates continues to slow down despite bailouts. In its sixth uninterrupted year of recession,Greece is still far from recuperating from an economic slump .
Alibaba bought stake in online shopping firm ShopRunner for USD75 million as it prepares for its initial public offering in Hong Kong.
MediaQuest Holdings Inc bought more shares in BusinessWorld, making the PLDT Group subsidiary the majority stakeholder in the Philippine's first business newspaper.
Samsung Electronics Co. would introduce a wristwatch-like gadget called Galaxy Gear on September 4, 2013.
A US regulator subpoenaed major metal warehousing firms after an alleged restriction of material inflated prices.
