Archive for July, 2007



Japanese insurer Millea Holdings Inc. (8766.T) said on Thursday it will voluntarily have its shares delisted from the U.S. Nasdaq market and stop reporting its earnings under U.S. accounting rules to save costs.
Millea, a holding company with both life and non-life insurance operations, also announced plans to buy back up to 7 million of its […]

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Critics of the 2002 Sarbanes-Oxley act say the bill’s post-Enron/WorldCom accounting reforms have made U.S. capital markets less competitive with those overseas. It’s no surprise that one of its authors, former U.S. Rep. Michael Oxley, says that’s hardly the case. Oxley says recent refinements to the section of the act requiring companies to monitor internal […]

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(Bloomberg) — The U.S. House of Representatives moved toward giving small companies an additional year to adhere to the Sarbanes-Oxley Act’s accounting rules, which are being revised by the Securities and Exchange Commission.
House lawmakers voted 267 to 154 to delay a deadline for companies with less than $75 million in publicly available shares to start […]

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