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Two shareholders sue American Apparel over CEO’s ouster

On April 23, 2015 By Thomson Reuters Tax & Accounting

(Reuters) - Two American Apparel shareholders have filed a lawsuit against the clothing and accessories retailer, alleging its founder and former Chief Executive Dov Charney was fired because he refused to sell the company.

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Waves crash against a lighthouse in Viavelez

Maine governor wants constitutional amendment to abolish state income tax

On April 23, 2015 By Thomson Reuters Tax & Accounting

(Reuters) - Maine Governor Paul LePage on Tuesday proposed amending the state's constitution to eliminate the income tax, telling lawmakers the strategy was the best way to make the tax cut he desires permanent.

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GOP Bills Would Exempt Small Banks From Sarbanes-Oxley Section 404(b)

On April 22, 2015 By Thomson Reuters Tax & Accounting

Legislation filed in the House and Senate would exempt banks with less than $1 billion in assets from the Sarbanes-Oxley Act's auditor attestation requirements. The measures are part of a flurry of GOP bills aimed at easing regulations on smaller lenders.

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UK watchdog fines BoA’s Merrill Lynch $20 million for reporting failures

On April 22, 2015 By Thomson Reuters Tax & Accounting

(Reuters) - Britain's markets regulator has fined Bank of America Merrill Lynch a record 13.2 million pounds ($20 million) for failing to report transactions properly over seven years.

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U.S. audit, consulting firm KPMG names first woman CEO

On April 22, 2015 By Thomson Reuters Tax & Accounting

(Reuters) - KPMG LLP has named Lynne Doughtie, head of the firm's advisory and consulting business, as its U.S. chairman and chief executive officer, the second woman this year to be tapped as CEO of a major U.S. accounting and consulting firm.

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Boutique banks to suffer most if Comcast-Time Warner Cable deal vetoed

On April 21, 2015 By Thomson Reuters Tax & Accounting

(Reuters) - Hints that U.S. regulators could veto Comcast Corp's proposed $45 billion takeover of Time Warner Cable Inc have investment bankers worried about whether they will get paid, with smaller advisory firms particularly on edge.

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Two shareholders sue American Apparel over CEO’s ouster

Maine governor wants constitutional amendment to abolish state income tax

GOP Bills Would Exempt Small Banks From Sarbanes-Oxley Section 404(b)

UK watchdog fines BoA’s Merrill Lynch $20 million for reporting failures

U.S. audit, consulting firm KPMG names first woman CEO

Boutique banks to suffer most if Comcast-Time Warner Cable deal vetoed

Resources