Early Global News: Valeant, Cybersecurity Making The Rounds

Early Global News looks to keep readers ahead of the pack. Here are few headline on the EGN radar from Wednesday morning.

The FASB vote on lease accounting overhaul is imminent, as noted in the Wall Street Journal blog. The overhaul of lease accounting regulations that assures to bring as much as $2 trillion in off-balance sheet assets on to corporate books.

Defense roundup: Lockheed Martin Corporation LMT won a near $1 billion aircraft contract, while Boeing Co BA dropped GNK as its 737 supplier.

Valeant Pharmaceuticals Intl Inc VRX is still on the minds of many:

• As WSJ reported, "representatives from its largest shareholder went to great lengths to check up on its multibillion-dollar investment, including paying hundreds of dollars for information and offering thousands more to not talk with anyone else."
• The pharmaceutical firm warned its recent ordeal will hurt fourth-quarter results.
• But its CEO is still optimistic about the future.

The cybersecurity sector had a couple notable items, with President Barack Obama nominating a new chief for the hacked U.S. personal agency, while CyberArk Software Ltd CYBR will discuss the advanced attack on energy companies at industry conference.