Saturday, March 10, 2007
Expect a lot of hand-wringing next week about Wall St.'s loss of competitive edge. On Monday the Chamber of Commerce will release its report on the topic, followed on Wednesday with its First Annual Capital Markets Summit: Securing America's Competitiveness. On Tuesday, the Treasury Department will host its own conference, and speakers are expected to call for flexible accounting standards and less regulatory overlap. The Chamber of Commerce has been quiet about its recommendations, although one participant says the report will recommend companies stop giving quarterly earnings guidance. See WSJ, Business Leaders, Washington Aim to Fix Wall Street's Ailment.