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Accounting Industry News

Ernst & Young LLP Named Best Accounting Firm to Hedge Fund Industry (12:52:00pm Mon Nov. 23, 2009 CDT)

NEW YORK, Nov. 23 /PRNewswire/ -- Ernst & Young LLP has been named Best Accounting Firm of 2009 at the inaugural Hedge Fund Manager Week US Service Provider Awards. It beat out four other finalists for the prestigious award at a ceremony at the Jumeirah Essex House in New York. ...

Mesirow Financial Selects Morningstar Office as Portfolio Accounting and Performance Reporting Platform (9:30:00am Mon Nov. 23, 2009 CDT)

CHICAGO, Nov. 23 /PRNewswire-FirstCall/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today announced that Mesirow Financial, a diversified financial services firm, is now using Morningstar Office(SM) as the platform for offering portfolio accounting and performance reporting capabilities to the firm's introducing broker-dealers and investment advisors. ...

KPMG Offers Year-End Tax Considerations for Businesses of Every Size (8:27:00am Mon Nov. 23, 2009 CDT)

NEW YORK, Nov. 23 /PRNewswire/ -- As companies continue to focus on controlling costs and preserving cash in the continuing difficult economy, KPMG LLP, the audit, tax and advisory firm, presents some federal tax considerations for businesses of all sizes that may help conserve or generate much-needed cash flow. ...

Aon Corporation to Change NYSE Ticker Symbol to AON (6:00:00am Mon Nov. 23, 2009 CDT)

CHICAGO, Nov. 23 /PRNewswire-FirstCall/ -- Aon Corporation (NYSE: AOC) today announced that it will change the ticker symbol for its common stock listed on the New York Stock Exchange to "AON" from "AOC". The change will become effective at the start of trading on Tuesday, December 1, 2009. ...

Cossette Provides an Update on and Reaffirms Support for the Mill Road Transaction (6:38:00pm Fri Nov. 20, 2009 CDT)

KOS (TSX) ...

Plateau Mineral Development, Inc. Announces Status Upgrade on Pinksheets.com and Appointment of New President (3:00:00pm Fri Nov. 20, 2009 CDT)

WINSTON-SALEM, N.C., Nov. 20 /PRNewswire-FirstCall/ -- Plateau Mineral Development, Inc. (Pink Sheets: PMDP), along with its partner, Plateau Mineral Development LLC, announced today that the firm has moved from the "stop: no information" status to the "yield: limited information" status based on the rigorous requirements set forth by Pinksheets.com. This means that the company has posted current financial information, but is still in the process of submitting the additional information required to obtain "current" status. ...

AEP Subsidiary Public Service Company of Oklahoma to Redeem Senior Notes (9:51:00am Fri Nov. 20, 2009 CDT)

COLUMBUS, Ohio, Nov. 20 /PRNewswire-FirstCall/ -- Public Service Company of Oklahoma, a public utility subsidiary of American Electric Power (NYSE: AEP), today announced that on December 21, 2009, it will redeem the entire outstanding $150,000,000 principal amount of unsecured 4.85% Senior Notes, Series C, due September 15, 2010, at a redemption price equal to 100% of the principal amount, plus accrued interest thereon to the date of redemption, and a make-whole premium which will be determined three business days prior to the redemption date. ...

IBM Analytics to Provide Real-Time Analysis and Delivery of Tax Information for Jackson Hewitt Tax Service (8:00:00am Fri Nov. 20, 2009 CDT)

ARMONK, N.Y., Nov. 20 /PRNewswire-FirstCall/ -- IBM (NYSE: IBM) today announced that Jackson Hewitt Tax Service Inc. (NYSE: JTX), a leader in the tax preparation industry with franchised and company-owned locations across the country, has selected IBM business analytics software -- IBM Cognos 8 BI -- to provide its nationwide locations with software systems that provide greater efficiencies in accessing tax information and relevant business data. ...

FI Compliance Solutions Announces New Service Offerings to Reduce Costs and Streamline Client Implementations (7:10:00am Fri Nov. 20, 2009 CDT)

KING OF PRUSSIA, Pa., Nov. 20 /PRNewswire/ -- Eric Strohl, President & CEO of FI Compliance Solutions, announced today a series of new service offerings to help banks and credit unions reduce costs and streamline implementations. ...

CCH Briefing Details Tax Provisions of Senate, House Health Care Reform Bills (6:36:00pm Thu Nov. 19, 2009 CDT)

RIVERWOODS, Ill., Nov. 19 /PRNewswire/ -- With the November 18 unveiling of the Senate's health care reform bill - the Patient Protection and Affordable Care Act - CCH has updated its Special Tax Briefing on the tax provisions of health care legislation, detailing differences between the Senate bill and the House version of health care reform - the Affordable Health Care for America Act. To read the new Briefing, click here. ...

Ashford Hospitality Refinances to Extend Loan Maturities and Sells Note to Improve Liquidity (3:00:00pm Thu Nov. 19, 2009 CDT)

DALLAS, Nov. 19 /PRNewswire-FirstCall/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced the refinancing of its remaining 2010 debt maturity and significant progress on the Company's 2011 maturities through transactions with Prudential Mortgage Capital Company and Wheelock Street Capital. The $145.0 million non-recourse financing includes an A-Note from Prudential and a B-Note from Wheelock Street with a combined interest rate of 12.26% and a term of six years. ...

UHY LLP and Kerr, Russell and Weber PLC Host 2009 Annual Accounting and SEC Reporting Update (2:27:00pm Thu Nov. 19, 2009 CDT)

TROY, Mich., Nov. 19 /PRNewswire/ -- ...

Live Webcast on Financial Reporting in Multiple Jurisdictions: What Should Multinationals Expect in 2010? (11:58:00am Thu Nov. 19, 2009 CDT)

NEW YORK, Nov. 19 /PRNewswire-FirstCall/ -- On December 10, 2009 at 2-4 PM EST, tax and other financial professionals who are concerned with how best to contend with critical financial reporting issues in a quickly-changing global business environment are invited to a comprehensive webinar hosted by The Tax & Accounting Business of Thomson Reuters and Tax Executives Institute (TEI). ...

Prominent Retail Real Estate Executive and Industry Leader Available for Press Interviews, Market Commentary, and Speaking Engagements (11:41:00am Thu Nov. 19, 2009 CDT)

BETHESDA, Md., Nov. 19 /PRNewswire/ -- Peter Framson, principal of Green Light Retail (www.greenlightretail.com) and X Team International partner, is available for press interviews, market commentary, and speaking engagements on relevant and timely issues concerning the ever-changing and challenging U.S. retail real estate market. ...

Clear Skies to Monetize Part of its Carbon 612 Subsidiary Asset (10:12:00am Thu Nov. 19, 2009 CDT)

MINEOLA, N.Y., Nov. 19 /PRNewswire-FirstCall/ -- Clear Skies Solar, Inc. (OTC Bulletin Board: CSKH) today announced that approximately one third of its wholly owned subsidiary C612 would be sold to a group of private investors. C612 was formed last year to house the patented and patent pending technologies that have been developed in-house by CSS. The sale is expected to increase working capital available at CSS allowing for increased flexibility to meet upcoming growth plans and permit C612 to support its own working capital needs. ...

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