Accounting and Finance news as well as executive business solutions all in the CFO roundup…
Sears’ Property Sales Prevent Q2 Loss
Revenues fell approximately $1.8 billion, to $6.2 billion, for the quarter ended August 1.
Home Sales Continue to Rise; Prices Dip Slightly
‘The creation of jobs added at a steady clip and the prospect of higher mortgage rates and home prices … is encouraging more households to buy.’
Most U.S. Firms Can’t Find Source of ‘Conflict Minerals’
A GAO report finds companies are struggling to get useful information from suppliers in response to the Dodd-Frank disclosure rule.
Smithfield Foods Promotes CFO to COO Spot
Finance chief Kenneth M. Sullivan will take charge of operations on Oct.1 and is being replaced by Glenn T. Nunziata, a former E&Y partner.
BNY Mellon, U.S. Bank Hit With Suits Over RMBS Losses
The FDIC sued the banks over their role as trustees of nearly $2.2 billion of securities purchased by failed financial institution Guaranty Bank.
Boston Bruins Launch Tax Fight Over Meal Expenses
The NHL team is challenging an IRS decision disallowing a 100% deduction of expenses for away-game meals.
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