Connecticut Takes Up Fight Over Accounting Rules
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Connecticut has picked a fight with the independent board that tells state and local governments how to report their financial affairs.
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Massachusetts Secretary of State William F. Galvin said yesterday his staff has demanded documents from two Wall Street firms over their recommendations on subprime lenders such as New Century Financial Corp. of California, questioning whether analysts remained too positive on the faltering companies to prop up other financial relationships.
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From Congress to the local property tax assessor, not-for-profit hospitals are under increasing pressure to defend their tax-exempt status, which saves the industry billions of dollars in federal, local and state taxes.
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A decades-old system for paying residuals ignites a new fight.
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The four measures on the Feb. 5 ballot are being hotly debated. Officials say the state needs the revenue.
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The long-awaited interpretation of the Sarbanes-Oxley Act is the culmination of a fierce lobbying battle between accounting firms and small public companies.
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Regulators continue to revise an accounting rule criticized by business groups as overly expensive, Securities and Exchange Commission Chairman Christopher Cox said yesterday, but an agreement remains days away.
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Connecticut lawmakers, worried about federal defense spending cuts, are girding for a battle in Congress over funding for military jet engines and submarines next year.
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New York and Connecticut officials say they are investigating whether improper behavior by insurance firms has been a factor in the rapidly rising cost of malpractice insurance for lawyers and doctors.
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As president of the U.S. Chamber of Commerce, Thomas J. Donohue has long been obliged to talk tough against federal regulation, especially by the Securities and Exchange Commission. But now, it's personal.
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By Jonathan Lucas, The Stamford Advocate, Conn.  Jun.
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The Internal Revenue Service is looking for taxpayers to claim 87,485 undelivered income tax refund checks; 766 are in Connecticut.
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One of the biggest US accounting firms has disclosed voluntarily a possible violation of conflict-of-interest rules. KPMG, one of the four largest US accounting firms, said
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Despite charging that too many state insurance regulators have become &quot;industry captives,&quot; Connecticut Attorney General Richard Blumenthal is rejecting calls for federal intervention in the regulation of insurance and instead urging more aggressive state
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A move by Fidelity Investments to lower its corporate taxes -- potentially by hundreds of millions of dollars a year -- came under fire yesterday by tax policy advocates and a Massachusetts union official, while a business group defended the Boston mutual fund firm's strategy.
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There is probable cause to believe that gubernatorial candidate Tom Gallagher violated ethics laws by owning stock in two insurance companies while he regulated the industry, the state ethics commission determined Friday.
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By Lori Becker, The Palm Beach Post, Fla.  Sep. 7--Facing another year of triple-digit tax increases, Palm Beach  County's marine industry is fighting back.