Accounting & Tax
Credit & Capital
Risk & Compliance
Oil Firms Take an Ax to Their Headcounts
April layoff numbers were the highest since May 2012, reports Challenger, Gray & Christmas.
Ex-Wilmington Trust CFO Accused of Disclosure Fraud
The Securities and Exchange Commission charges ex-executives with failing to accurately disclose past-due loans during the financial crisis.
New IRS Unit Targets Refund Cyber Thieves
Refund fraud — the kind in which a thief steals a taxpayer's identity and files a tax return to claim the victim's refund — is running rampant.
Wendy’s Selling 640 Stores
The fast-food chain is also disposing of a bakery unit and refinancing some debt.
Regulators Fine Virtual Currency Firm $700,000
Ripple Labs, creator of the XRP digital currency, failed to maintain money laundering programs or register as a money services business, charges FinCEN.
Jobs and Productivity Numbers Disappoint
Private-sector businesses added fewer jobs in April than analysts expected, and nonfarm productivity fell for the second quarter in a row.
Senate Targets Obamacare With Budget Resolution
Republicans are unlikely to follow up the blueprint's aggressive cuts to nondefense programs with actual legislation.
Banking & Capital Markets
HSBC Boss Sees No ‘Drastic’ Outcome for U.S. Units
CEO Stuart Gulliver says Europe's largest bank still relies heavily on its U.S. business, despite recent poor returns.
Millennials Cite Stagnant Pay as Top Reason for Quitting
Millennials want flexible work schedules and bosses that encourage teamwork, but their top reason for leaving a job is an old one: lack of wage growth.
Apple Exec Is Top-Paid Woman
Apple's senior vice president of retail Angela Ahrendts earned $82.6 million in 2014, ahead of former Oracle CFO Safra Katz.
Magnetation Files Bankruptcy Amid Iron Ore Slump
A prolonged pricing slump and a high level of debt push the closely held mining firm into Chapter 11.
FTC’s Antitrust Case ‘Pure Fiction’: Sysco
The Federal Trade Commission's attempt to block Sysco's takeover of US Foods heads to a U.S. district court.
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