JPMorgan’s long letter trail with the SEC

A newly released string of letters between the SEC and JP Morgan Chase provides raises some interesting questions about the role of the bank’s Chief Investment Office, which was at the center of the London Whale losses.

A look back at 2012

Before we dive full-fledge into 2013, we wanted to look back at 2012 to see how we’ve done. As we note repeatedly, there’s over 650,000 filings that are made to the SEC in a typical year (we’re still waiting for final numbers for 2012) and it’s impossible to look at every filing. So we pick […]

Beyond the headlines in HP’s 10-K

You’ve probably already seen the big headline that came out of the 10-K that Hewlett-Packard (HPQ) filed late yesterday: the company disclosed in the filing that the US Department of Justice had opened an investigation into accounting fraud at Autonomy, the UK-based company that HP acquired for $11 billion last year, and which, when …

The IRS, PPACA, and the excise tax on medical devices

Last week, the IRS released its final regulations on the 2.3% excise tax to be imposed on medical devices that was part of the Patient Protection and Affordability Act (PPACA) that was signed into law over two years ago. An IRS summary is available here. Or you can read the whole 58-page document (PDF) …

Reading between the lines at National Oilwell

Late Friday, as most of you already know, is the time when companies take out the trash. Still, when we first spotted the 8-K that National Oilwell (NOV) filed just after 4 pm on Friday, we weren’t sure why it was filed that late in the day, since the gist of the filing — …

Is WebMD in play again?

One of our bittersweet calls from last year was our report on October 5, 2011, that said WebMD (WBMD) might be in play. As it turns out, we were right — only the company ultimately walked away from its suitors without a deal. Now we’re seeing some of the same signals again, while at the […]

A 10-Q roundup for third-quarter 2012

For the last couple years, the third quarter has struck us as particularly significant, probably because companies are rushing to get done (and disclose) what they can before the end of the year. It also helped that the filing deadline for the biggest companies landed right at the start of the three-day Veterans’ Day weekend […]

American Express says its balance will rise

The basic business of a credit-card company is pretty simple: Lend money to customers, collect payments and interest, occasionally go after deadbeat debtors. But most financial companies never keep things quite so simple, and American Express (AXP) has made a big business out of the fringe benefits it offers its cardholders, usually in the form […]

Quick Take: A closer look at Amazon’s Q

Yesterday afternoon, Amazon (AMZN) released its third quarter earnings and held a conference call. The company also filed its 10-Q last night, but since it was filed at 7:35 pm EST, it did not show up in the SEC’s EDGAR system until first thing this morning. While we don’t read every filing — after …

Growing conflicts on conflict minerals disclosures

Two years ago, the Dodd-Frank financial reform legislation included a provision that has begun to attract a lot more attention lately: A requirement that many companies evaluate, and disclose, the extent to which they rely on specific minerals that are mined in war-torn Congo and surrounding countries. The idea is to shine a light on […]