King of the bonds loses kingdom

Posted by & filed under Accounting Careers, Accounting Theory, Contemporary Business Issues, Financial Reporting and Analysis, Succession Planning.

Description:  Bond King Bill Gross has resigned from the firm he founded. Gross left Pimco – Pacific Investment Management Co. – after a number of months of apparent internal struggles. Gross had been the face of the firm for over thirty years. But now his pictures have disappeared from the company website. The firm’s new… Read more »

Tim Hortons recreates original Hamilton store — in Toronto

Posted by & filed under Canadian Economy.

Tim Hortons Is celebrating the 50th anniversary of the opening of its first location, and today the coffee and doughnut giant created a temporary replica of Store No. 1 and plopped it into a busy city square. The installation, staffed on Thursday with servers dressed in Mad Men-era uniforms handing out goodies to passersby, wasn’t… Read more »

Share a juicer, your dog or a room in your home? How the sharing economy took off

Posted by & filed under eCommerce.

The “light-bulb moment” that sparked Dayna Boyer’s entry into the sharing economy came when she wanted a juicer. She loves cooking, but as someone who has lived much of her adult life in small apartments and condos, she’s never had an overabundance of space for specialty kitchen appliances. Nor had she the finances to buy… Read more »

The Heartbleed bug dilemma

Posted by & filed under Accounting Principles, eCommerce.

The Heartbleed bug dilemma: Disclosing a web problem also means alerting hackers Online Security Breach The Heartbleed software bug is not only one of the most serious online security breaches in recent memory, it has also demonstrated how difficult it is for websites to tell their customers whether they’re at risk or not. The Heartbleed revelation… Read more »

BlackBerry CEO John Chen on his turnaround strategy

Posted by & filed under Accounting Careers, Corporate Restructuring.

Steep drop in Revenue BlackBerry reported a steep drop in revenue and a widening loss as sales of its smartphones continue to slide. The smartphone maker says it lost $423 million US in the fourth quarter of fiscal 2014, as revenue for the three-month period fell to $976 million — a 64 per cent decline… Read more »

Where is Google going next?

Posted by & filed under Corporate Restructuring, Corporate Social Responsibility, Marketing & Strategy.

Watch the following video Charlie Rose interviews Google CEO Larry Page about his far-off vision for the company. It includes aerial bikeways and internet balloons … and then it gets even more interesting, as Page talks through the company’s recent acquisition of Deep Mind, an AI that is learning some surprising things. Click on Where… Read more »

Tweed a new kind of Business!

Posted by & filed under Accounting Principles, Advanced Accounting, Canadian Economy, Financial Accounting.

From Chocolate to What! Feb 18, 2014 — When Hershey’s had a plant in Smiths Falls, Ontario, you could smell chocolate from miles away. But not a single chocolate bar has rolled off the line since the plant closed in 2008, one of six employers to leave the town at the same time.  Now, Smiths Falls,… Read more »

Corporate tax evasion ‘crackdown’ more bark than bite

Posted by & filed under Accounting Careers, Canadian Economy, Corporate Restructuring, Corporate Social Responsibility, Fraud, Fraud Accounting, Taxation, Taxation & Planning.

Global efforts to stop companies from eroding tax base by moving profits offshore have no teeth, experts say Tax Evasion Tactics In December 2012, demonstrators led a country-wide protest against Starbucks over the coffee chain’s tax evasion tactics. A Reuters investigation found that through the magic of profit shifting, the company had avoided paying any… Read more »

Bitcoin: Be prepared for the rise of digital currency

Posted by & filed under Advanced Accounting, Canadian Economy, Currency, International Business Operations.

One bitcoin is worth $720 Cdn Each day, Lorne Lantz buys his lunch with bitcoin. Some say the burgeoning digital currency has no real value — but his sandwiches say otherwise. Cryptocurrency? Bitcoins and other “cryptocurrency” have started to rise from the fringes of the internet to the cusp of mainstream use — a remarkable… Read more »

Raising minimum wage could rescue the economy

Posted by & filed under Canadian Economy, Taxation.

Ontario premier and U.S. president both champion giving the poorest a raise! This week, Obama and Wynne talked about raising the minimum wage, with Ontario announcing on Thursday that the rate would rise to $11 an hour starting June 1.    Left-of-centre politicians want to raise the wages of the very poorest. From a humanitarian point… Read more »