Financial News
Burma cyclone raises rice prices
Rice prices rise for a sixth straight day as supplies continue to be stretched after cyclone damage in Burma.
Supply worries send oil near $126
Crude oil has hit yet another all-time high in Friday trading, as strong demand and supply fears continue.
Citigroup to shed $400bn assets
US bank giant Citigroup aims to sell $400bn of assets over the next three years to bolster its financial position.
Big fall in French factory output
French industrial output falls four times more sharply than expected in March, raising concerns about the economy.
Google keen on more Yahoo ties
Google expresses interest in extending an advertising partnership with fellow search engine Yahoo.
Local News
Police chief to meet fans
GREATER Manchester Police are to meet Rangers supporters in the run-up to the Uefa Cup clash taking place in the city.
Mother stabbed by deranged lodger
A DERANGED lodger stabbed his landlord's girlfriend to death in front of her baby son.
M60 delays getting longer
TRAFFIC jams are growing despite pledges from transport chiefs to cut congestion on the region's roads.
Locked up over apple core
Drug smuggle mums jailed
THREE Manchester mothers who smuggled £340,000 worth of cocaine into the country in their undies have been jailed for five and a half years.
Accountancy News
BDO Seidman audits criticised by PCAOB
Penny Sukhraj, Accountancy Age, Friday 9 May 2008 at 10:39:00
'The Firm's procedures were limited to inquiry of management and did not include obtaining corroboration of management's explanations' - PCAOB
BDO Seidman's audits have been slammed by the US audit watchdog for a lack of audit documentation, inadequate auditing of goodwill impairment....
> Read the full article
Taylor gets the chief exec call at Carphone retail arm
David Jetuah, Accountancy Age, Friday 9 May 2008 at 10:01:00
Roger Taylor named as chief executive of joint venture between Carphone Warehouse and US electricals giant
Carphone Warehouse's finance chief has been picked to head up a £1.1bn retail division. Roger Taylor will take executive control of a joint venture between Carphone Warehouse and US electricals...
> Read the full article
Guardian objects to Tesco 'malicious' claim
Alex Hawkes, Accountancy Age, Friday 9 May 2008 at 09:51:00
The paper says its mistake was just an honest misunderstanding and not maliciously dishonest
The Guardian insists that its reporting of Tesco's tax affairs was an 'honest misunderstanding' rather than 'maliciously dishonest' as the supermarket claims....
> Read the full article
Fears of US backlash to govt tax changes
AccountancyAge.com, Accountancy Age, Friday 9 May 2008 at 08:17:00
Govt's tax rises on corporate foreign earnings could damage Britain's appeal as a gateway to EU for US companies
A leading partner in a major tax firm warned US companies seeking to set up European headquarters were increasingly uncomfortable with Britain's tax regime and were considering other bases such...
> Read the full article
Ecclestone doubts buyers for Super Aguri
AccountancyAge.com, Accountancy Age, Friday 9 May 2008 at 08:06:00
Formula One chief is questioning whether anyone is willing to buy Super Aguri
Formula One chief Bernie Ecclestone is questioning whether anyone is willing to rescue Super Aguri, saying there are already 'a lot of people walking around with a begging bowl'....
> Read the full article
