Wall Street

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Try this line: "I'm from the Financial Accounting Standards Board and I'm here to help you." Not very persuasive? We are not surprised. Background FAS 157 is a well-intentioned attempt to clarify derivative accounting and increase transparency. Had it been introduced at a different time, the transition might have been smoother. Instead, the major Wall Street firms adopted the new rules early in 2007, just as the impact of the various mortgage derivative issues was becoming clear. It ..[more].

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Microsoft Malaysia has three new versions of its enterprise business solutions — Windows Server 2008, Visual Studio 2008 and SQL Server 2008. The products will better enable businesses to manage their IT infrastructures and move to a virtualised environment. Among the early adopters of the products are insurance company ING Bhd, hard-disk manufacurer Western Digital, shipping firm MISC Bhd, semiconductor services provider Carsem (M) Sdn Bhd, and eGenting Sdn Bhd, the IT arm of casino and ..».

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by Russell Ben-Ali/The Star-Ledger Tuesday April 08, 2008, 3:45 PM A former member of the New York Mercantile Exchange board of directors pleaded guilty today to fraudulent floor trading practices and evidence tampering, authorities said. Steven J. Karvellas, 48, of Allendale, Bergen County, the owner of a natural gas company and a brokerage firm, both in Manhattan, entered a guilty plea in State Supreme Court in Manhattan, Robert M. ....

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