Were mortgages based on inflated appraisals? SEC Targets WaMu over Home Loans

In House financial-services committee hearing, they counter “outsourcing” IFRS challenge with argument that a single accounting standard is a good step. Bernanke, Paulson Champion Global Accounting

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A federal judge bars enactment of a cap on the number of revisions a company can make on a patent application. Corporations Escape Patent Threat

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CFO Galen Fischer had only been with the Valence for five months when he resigned to pursue other opportunities. Battery Company CFO Doesn’t Last

Audit shows scale of shortfall in Westport transfer station revenue (The Standard-Times)WESTPORT An audit of the transfer station has concluded that it does not cover its costs and that residents who do not use the town dump are subsidizing it through property taxes.

Transforma Acquisition Group Inc. Announces Transfer of Trust Funds into U.S. Treasuries (Business Wire via Yahoo! Finance)NEW YORK—-Transforma Acquisition Group Inc. announced today that, in light of current market uncertainties, it has transferred 100% of its trust account funds from an institutional money market fund investing in high quality U.S.

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Bucking a trend, they see repurchases as a classic response to bear markets. Bargain-hunting CSX, Baxter Buy Own Shares