Deloitte resigns as YBM auditor

Article Abstract:

Deloitte and Touch LLP has resigned as the auditor for Newtown, PA-based YBM Magnex International Inc. after indicating it is not sure if the latter's 1997 annul results are accurate. YBM is under criminal investigation, but said an internal inquiry conducted by an independent committee found no evidence of illegal activity by its employees. Deloitte and Touche is uncertain if the annual financial statements of YBM for the year ended December 31, 1997, were free from error or fraud, saying it was unsatisfied with the internal investigation.

Comment:

Resigns as auditor for YBM Magnex after indicating it is not sure whether the latter's 1997 annul results are accurate

Contracts & orders received, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Deloitte & Touche L.L.P., Article

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Investor activists giving boardrooms a wakeup call

Article Abstract:

The common example of corporate manhandling by increasingly vocal and demanding investors was of the non-confidence vote in Michael Eisner's leadership at the annual meeting of Walt Disney Co. on Wednesday, March 3rd 2004. Investment and pension funds mangers are taking shareholder activitism to new levels by asking for more independent and responsive boards due to the complete business scandals and bad behavior.

Financial management, MOTION PICTURES, Motion Picture and Video Industries, Conferences, meetings and seminars, Motion picture industry, Movie industry, Walt Disney Co., Investor relations

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Air Canada fays AMR foiled bids for Canadian

Article Abstract:

Air Canada made two offers to acquire competitor Canadian Airlines International Ltd. The merger proposal and the $525 million offer to buy Canadian's international routes failed as AMR, a 25% shareholder in Canadian and the parent of American Airlines Inc, opposed both moves by Air Canada. Air Canada said Canadian disagreed on the requirement for AMR and its creditors to give certain concessions.

Asset sales & divestitures, Scheduled Airlines, Scheduled Air Transportation, Airlines, Canadian Airlines International Inc.

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