Third Point bought its Sony stake earlier this year. Theres never a shortage of Big Four accounting-firm scandals This time its Deloitte & Touches U.K. affiliate. The Daily Mail writes that the firm was sweating on Monday night over the size of fines it might suffer for its role in the collapse of MG Rover, the carmaker. A tribunal found the firm and a partner had displayed a persistent and, in our view, deliberate disregard for proper accounting practice.
Serb Progressives Consider Snap Ballot After Finance Chief Fired
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The opposition Democratic Party ranked second with 11.8 percent, followed by the Socialists, the party of former Balkans strongman Slobodan Milosevic, with 10.6 percent. Dinkics party, at 4.6 percent, was below the threshold for parliamentary representation. Even before the political crisis surfaced, Dinkic said on July 8 that the country is not ready to comply with an IMF demand to cut wages and pensions, as part of any new deal. On July 2, Vucic said it wouldnt be a tragedy if no deal is reached with the IMF and the budget revision for this year wont meet the Washington-based lenders demands. Elections disrupt economic activity and boost the deficit and Serbia really cant afford early elections at this juncture — without some kind of external anchor, i.e.