The number of U.S. companies that rely solely on standard accounting to report their financial results is shrinking fast. Nonstandard figures that many use inflate income by an average 44% at profitable firms, an analysis found.
The State Department intends to hold “informal, technical discussions” with the United Arab Emirates and Qatar next month about a dispute over Persian Gulf airlines’ funding and access to the U.S. market.
Fallout from Britain’s vote to break with the European Union cascaded through the boardrooms of the U.K.’s biggest businesses Monday—triggering profit warnings and forcing executives across Europe to rethink investment and hiring plans.
Mikhail Gutseriev won big when he locked in high oil prices with a smart hedge and now hopes to expand his budding business empire with an initial public offering of his Russneft, Russia’s seventh-largest oil firm.
Energy companies will have to report their payments to governments for extracting oil, gas and minerals under rules the Securities and Exchange Commission completed Monday, three years after a federal judge tossed out an earlier version of the measure.