A former Ernst & Young partner has been given a prison sentence and a fine as a result of passing tips to his stockbroker girlfriend about acquisition targets that were clients of the firm.

The Securities and Exchange Commission (SEC) brought a case in a New York district court against James Gansman, who was an attorney and partner in E&Y’s transaction advisory services group at the US firm...

0001 GMT [Dow Jones] KLCI likely to open higher, taking cue from firmer U.S. stocks overnight, supported further by stronger than expected 2Q GDP (+8.9% on year vs +8.4% predicted by Dow Jones poll) and good earnings, says dealer with local brokerage. "The recent strong buying momentum should continue today with the index likely to test the July 24 pivot high of 1392.18." Tips banking, property stocks to gain on robust economic growth. AirAsia (5099.KU) which reported strong 2Q earnings should also attract buying interest. KLCI ends +0.5% at fresh 30-month high of 1385.51 yesterday.

Myth 1: If you like numbers or counting, you will do extremely well in accounting.

Fact 1: Accounting is more than being ‘bean counters’ or ‘walking calculators’. They do not work out complex mathematical equations or algebraic formulae; those would be the work of mathematicians. Accounting only involves simple additions, subtractions, divisions, multiplication and a few formulas. The catch is getting the right numbers to carry out the calculation. Most accounting work encompasses report writing, analysis of figures and interpretation of the financial state of the company.

People with goals succeed because they know where they're going - Earl Nightingale

Find Direction. Live Your Life Your Way.

Goal setting is a powerful process for thinking about your ideal future, and for motivating yourself to turn this vision of the future into reality.

The process of setting goals helps you choose where you want to go in life. By knowing precisely what you want to achieve, you know where you have to concentrate your efforts. You'll also quickly spot the distractions that would otherwise lure you from your course.