Ernst and Young gets sued

E&Y Hong Kong is being sued by Hong Kong’s Securities and Futures Commission (SFC) as it failed to produce work papers and accounting records related to its audit work of a former China based client, Standard Water Limited. E&Y was Standard Water Limited’s...

Exxon Mobil does it again

In the year 2005, Exxon Mobile reported annual income of $36B, becoming the top earner in the history of the American corporate world. Well they did it again, the annual income of Exxon Mobil for 2006 was $36.5B. The 4th quarter results were lower than expected by 4%,...