New Private-Company Stock-Based-Pay Rules: Analysis – CFO Magazine

As part of its simplification initiative, the Financial Accounting Standards Board last March issued new stock-based compensation guidance. The update provides private companies, when granting stock to employees, with a one-time election to switch from measuring all liability-classified awards at fair value to measuring them at intrinsic value. In contemplating whether to make such an…

Pacific WebWorks Bankruptcy Liquidation Plan Effective – Bankrupt Company News (press release) (blog)

Pacific WebWorks Chapter 11 Plan of Liquidation became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on November 28, 2016. BankruptcyDatas Plan Summary notes, General Unsecured Claims will receive 80% of the amount of their Allowed General Unsecured Claims, in cash, on the Initial Distribution Date; and…

As James Packer’s Crown Resorts exits, tourist arrivals spark Macau casino revival – The Sydney Morning Herald

Has James Packer jumped the gun scrapping the international ambitions of his gaming empire Crown Resorts this month and exiting its casino investments in Macau? The former Portuguese colony’s efforts to reinvent itself with a half-size Eiffel Tower replica and Melco-Crown’s Hollywood-themed resort Studio City are starting to pay off, according to local government data. Play Video Don’t Play Amazon ships…