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Washington Calendar: Washington events for April 16 - 20

A guide to the key economic data and news developments in Washington during the week.

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Found more than 1 month ago on channel MarketWatch

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KPMG Resigns as Auditor for Herbalife, Skechers

(NEW YORK) — Accounting firm KPMG has resigned as the auditor for Herbalife, a dietary supplements maker, and the shoe retailer Skechers after a rogue partner allegedly leaked information about the companies to someone who used it for insider trading. KPMG said it has fired the partner and had no reason to believe there were any problems with the financial reports of the two companies. KPMG did withdraw its recent audit reports on both companies because it felt its independence had been compromised. KPMG didn’t reveal the partner’s identity. It announced the dismissal in a statement late Monday in which it also said it was resigning as auditor for two companies that it didn’t identify. Herbalife and Skechers made their own announcements on Tuesday confirming that they were they companies involved. Skechers said KPMG told it that the ex-partner provided the inside information in exchange for money and is under federal investigation. An SEC spokesman in Washington declined to comment. ...

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Found 1 month ago on channel TIME Moneyland

Stop-gap spending measure funds MEADS missile defense

WASHINGTON - A stop-gap spending measure passed by the Congress last week will allow Lockheed Martin Corp and its partners in Italy and Germany to complete the last year of development of a missile defense system, averting possible termination fees and international fallout.

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Found 1 month ago on channel Reuters

Obama Nominates Wal-Mart’s Burwell as Budget Chief

WASHINGTON — President Barack Obama has tapped Wal-Mart’s Sylvia Mathews Burwell as his next budget chief, thrusting her into the center of Washington’s heated partisan budget battles and is filling vacancies at the Energy Department and Environmental Protection Agency, an official says. A White House official said Obama will announce Burwell’s nomination to lead the Office of Management and Budget during a White House ceremony Monday morning, a White House official said. If confirmed by the Senate, Burwell would bring more diversity to Obama’s second term Cabinet following criticism that many top jobs were going to white men. Her nomination also signals that the White House is trying to get back to normal business after the president and Congress failed to avert the $85 billion in automatic spending cuts that started taking effect Friday. While the president has warned of dire consequences for the economy as a result of the cuts, the White House does not want the standoff with ...

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Found more than 1 month ago on channel TIME Business

United States: Legislative/Regulatory Developments - Jones Day

A commission established by the American Bankruptcy Institute to study the reform of chapter 11 of the Bankruptcy Code held its first public meeting in Washington, D.C.

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Found more than 1 month ago on channel Mondaq

United States: Looking Ahead: Five Developments We’ll Be Watching In 2013 - Foley Hoag LLP

As memories of New Year’s Eve fade, and another Inauguration Day winds down in Washington, D.C., it’s time to look ahead and identify key events and emerging trends that we think will help shape the business and human rights agenda in 2013.

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Found more than 1 month ago on channel Mondaq