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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Pittsburgh Business Times

What books do Pittsburgh CEOs recommend?

Sat, Apr 20, 2019

What books do successful CEOs read? We asked the winners of the 2019 Fox Rothschild Outstanding CEOs and Top Executives to recommend a book. Many of the responses were books about leadership and working with teams, but there were a few surprises, including one book on climbing Mt. Everest. Click on the photo to see what books CEOs think you should read. ...

Former Butler Health System exec and her husband charged with fraud and embezzlement

Fri, Apr 19, 2019

Scott Roskovski, a former detective for the Butler County District Attorney's office, and his wife Stephanie Roskovski, a former COO of Butler Health System, are facing dozens of charges for alleged fraud and embezzlement, according to WPXI. The indictment lists 37 charges against the two, including embezzlement from a health care benefit program beginning in 2014. To read more on this story,...

PPG names top executives from these two companies to board

Fri, Apr 19, 2019

PPG announced Thursday that has added two members to its board of directors, effective immediately: Cathy R. Smith of the Target Corp. and Steven A. Davis, formerly of Bob Evans Farms Inc. Smith is the executive vice president and chief financial officer for Target, although she plans to retire from those positions in May 2020. She has been with the company since 2015, and had previously held...

Corridors of Opportunity/Beaver County: Q&A with Roger Davis, CCBC

Fri, Apr 19, 2019

Roger Davis, president of CCBC, will be a panelist for the Beaver County Corridors of Opportunity on April 25. ...

Fried, tried and sides — Fish Sandwich Chronicles 2019 recap

Fri, Apr 19, 2019

Seven fish sandwiches, six restaurants and one firehouse in six weeks. ...

Supreme Court to hear consent-decree arguments May 16

Fri, Apr 19, 2019

The Supreme Court of Pennsylvania will hear Attorney General Josh Shapiro’s appeal to extend the UPMC-Highmark consent decree on Thursday, May 16. Earlier this week, the Supreme Court had allowed Shapiro to appeal the Supreme Court’s 2018 ruling on the consent decree’s end of June 30, 2019. It had scheduled an oral arguments date somewhere between May 14-16 but sources close to the case had pr...

Double lottery wins top $234M for Pittsburgh agency

Fri, Apr 19, 2019

Maryland, Pennsylvania pay off for Marc USA. ...

Chevron will grow its Permian operations. Where does that leave Appalachia?

Fri, Apr 19, 2019

Chevron will become even bigger with the acquisition of Anadarko (NYSE: APC). ...

Here's what's bringing 125+ VCs to Pittsburgh next month

Fri, Apr 19, 2019

The region's first industry-specific venture fair last year attracted 100 investors looking for AI/robotics startups to stake. ...

​Investors value Uber’s self-driving car unit at $7.25 billion

Fri, Apr 19, 2019

As Uber marches toward an IPO, the deal will help shield the company from tough questions about how the money-losing endeavor is harming its profit prospects. ...

US Tax News FASB Issues New Accounting Rules For Audiovisual Content Producers

Thu, Mar 14, 2019

On March 6, 2019, the Financial Accounting Standards Board issued an Accounting Standards Update that is intended to help organizations align their accounting for production costs for films and episodic content produced for television and streaming services.... France Set To Introduce Digital Tax

Thu, Mar 14, 2019

French Finance Minister Bruno Le Maire has provided further details of France's proposed digital services tax, which will be put before the cabinet this week. ... New Accounting Rules From FASB Deal With Mergers

Thu, Mar 14, 2019

The Financial Accounting Standards Board on February 14, 2019, issued a proposed Accounting Standards Update (ASU) on the recognition and measurement of deferred revenue in business combinations.... FASB Seeks To Ease Transition To New Credit Losses Standard

Mon, Feb 18, 2019

On February 6, 2019, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) that would ease transition to the credit losses standard by providing the option to measure certain types of assets at fair value. ... Mexico Enacts Decree For Tax Cuts In Border States

Mon, Jan 14, 2019

Mexican President Andres Manuel Lopez Obrador has signed a decree providing for tax cuts in the Mexican states bordering the United States.... IRS Issues Proposed Regulations On BEAT

Fri, Dec 21, 2018

On December 13, 2018, the United States Internal Revenue Service issued proposed regulations on the operation of the base erosion and anti-abuse tax, contained in Section 59A of the Internal Revenue Code. ... OECD States Tapped VAT, CIT To Achieve Record Revenues In 2017

Fri, Dec 07, 2018

Last year, the tax burden in OECD countries reached its highest level recorded, at 34.2 percent of gross domestic product, up 20 basis points on 2016, largely due to increasing taxes on personal consumption and companies. ... OECD Reports Progress On Harmful Tax Regimes Work

Fri, Nov 23, 2018

Releasing a progress update, the OECD said international efforts to curb harmful tax practices and prevent the misuse of preferential tax regimes are having a tangible impact worldwide.... FASB Issues New Standard For Variable Interest Entities

Fri, Nov 02, 2018

The Financial Accounting Standards Board (FASB) on October 31 issued Accounting Standards Update 2018-17, intended to reduce the cost and complexity of financial reporting associated with consolidation of variable interest entities (VIEs), for which consolidation is not based on a majority of voting rights.... Estonia Tops Tax Foundation's Tax Competitiveness Index

Mon, Oct 29, 2018

Estonia has topped the Tax Foundation's International Tax Competitiveness Index for the fifth successive year, being deemed to have the "best tax code in the OECD."...