US stock markets were unfazed by the guilty verdicts handed down to Ken Lay
and Jeffrey Skilling yesterday.
The Dow industrials climbed up 51 points at 11,168, the Nasdaq Composite
improved by 16 points to 2,185 and the benchmark S&P 500 Index advanced 8
points to 1,267
Al Kugel, senior investment strategist at Atlantic Trust/Stein Roe was
reported by AFX as saying: It’s really regarded as ancient history. Most of us
figure it was well deserved and it just took a long time for it to come.’
Stephen Massocca, co-CEO of Pacific Growth Equities described the ruling as
‘ancient news’ saying it had no bearing on the stock market whatsoever
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements