BearingPoint Delisted from NYSE, Stock Less Than a Nickel!

Earlier, we had blogged on how BearingPoint’s stock had fallen below 20 cents a share, clearly others were also taking notice. Just days ago on November 13, 2009, BearingPoint, Inc. received notice from NYSE Regulation, Inc. that the NYSE had decided to suspend BE's common stock from trading prior to market opening on Monday, November 17, 2008. The NYSE based its decision on the "abnormally low" trading price of BE common stock, which closed at just 7 cents on November 12, 2008. Further, BE had previously fallen below the NYSE's continued listing standard for minimum average closing price of $1.00 over a consecutive 30 trading day period and minimum average market capitalization of $100 million over a consecutive 30 trading day period...

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PwC Opines on Healthcare Policy in an Obama Administration

During one of the most riveting election campaigns in recent times, President-Elect Barack Obama has achieved a historic landslide victory.

Now comes the tough part. Delivering on his promises in a tough financial environment...





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KPMG Survey Finds EU Heading Rapidly Towards Recession

KPMG finds the European Union is quickly heading towards a recession. The recently published KPMG Business Outlook Survey, which questions 2,800 service sector firms all across the Union finds that the 12-month outlook for business activity has turned negative. Moreover, activity is expected to decrease on both volume and revenue fronts, and disturbingly, every non-price measure has fallen into negative territory, including new business, employment, profits, capital expenditure and outsourcing...

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