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- Obama to aim for higher taxes for wealthy and corporations
President Barack Obama will open negotiations with congressional Republicans on the "fiscal cliff" with a proposal that the rich and corporations pay $1.6 trillion in additional taxes during the next decade, White House officials said. That is twice as much as House Speaker John Boehner, R-Ohio, agreed to during talks with the Obama administration last year. The Washington Post
(11/13), CNN
(11/14), The Hill
(11/13)      
- Stricter rules are sought for money funds
The Financial Stability Oversight Council says money market funds should face stronger regulation because they are vulnerable to a run if a financial crisis arises. "Some basic vulnerabilities in the design of money market funds helped accelerate the financial crisis of 2008 and 2009," said Treasury Secretary Timothy Geithner, who chairs the council. "We are not yet at the point where we have achieved and put in place a set of reforms that provide us a sufficient degree of comfort against those basic vulnerabilities." Reuters
(11/13), Bloomberg
(11/14), The New York Times (tiered subscription model)
(11/13), The Wall Street Journal
(11/13)
 | | |
- Regulators examine nontraditional metrics in earnings reports
Securities regulators are targeting nontraditional metrics that companies are using in their financial reports, such as "paid membership rates," "active users" or "cumulative customers." The Securities and Exchange Commission's Division of Corporation Finance wants to make sure such metrics are clearly linked to a company's results. The SEC also is concerned about how the metrics are presented in the reports. The Wall Street Journal
(11/13)
- Lockup of 777 million Facebook shares ends today
The lockup of 777 million Facebook shares, held mostly by rank-and-file employees, ends today, making them available for trading. The prospect of so many shares coming to market has investors nervous. In August, when the first lockup ended, the share price dropped 6%, to a then-record-low $19.87. USA Today
(11/13)
- How to prepare for an unpleasant work conversation
The day will come when you will be forced into a tense work conversation, whether it be about a mistake you made, a project gone awry or even a layoff, Dan Lovejoy writes. Rehearse each of these moments in your head so you know exactly what to say and so you don't lose your temper. "These difficult situations can make or break your career. If you want to be a calm, cool, and collected professional who your coworkers respect, be ready," Lovejoy writes. Blogging4Jobs
(11/12)
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How do you feel about the election now that it's over?
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Worried |
64.42%
|
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Optimistic |
14.66%
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Relieved |
13.22%
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Indifferent |
5.53%
|
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Not sure |
2.16%
|
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Post-election anxiety: A large majority of poll respondents indicated they're worried in the wake of the election. Others are split between feeling optimistic or relieved, while nearly 8% were either indifferent or unsure. --Cindy Kraft, the CFO Coach
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What are your hiring plans for 2013?
 | Plan to hire next year |
| Plan to lay off employees |
| Plan to maintain the size of our workforce |
| Don't know |
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Catherine Rice will join W.P. Carey as managing director on Jan. 7 and will be appointed CFO in March. Rice most recently was managing principal at Parmenter Realty Partners. RTT News
(11/13)
- Pepsi unveils high-fiber soda in Japan
Pepsi is selling a product in Japan called Pepsi Special that contains extra fiber in the form of wheat dextrin. The product is being marketed as a "fat blocking soda" based on a 2006 study by Japan's National Institute of Health and Nutrition. The Atlantic online
(11/12)
 | We're working really hard to make sure we understand industry practices and the resulting disclosures."
--Shelley Parratt of the Securities and Exchange Commission's Division of Corporation Finance, as quoted by The Wall Street Journal
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