Accounting & Tax

Financial Performance

Netflix Subscriber Growth in U.S. Misses Forecast

Netflix's "operations abroad look as promising as ever ... while clouds are beginning to gather in the company's home market."

Matthew Heller
January 22, 2020
Financial Performance

Halliburton Takes $2.2B Charge From Shale Slump

“The U.S. shale industry is facing its biggest test since the 2015 downturn," Halliburton CEO Jeff Miller told analysts.
Accounting

Technical Accounting: The CFO’s Secret Weapon

A great partnership with accounting will actually help drive and influence financial results (legally, of course).
Data Security

Media to Go Tech-Free in Data Release ‘Lockups’

The Trump administration says reporters' use of computers in secure lockup rooms can give high-speed traders a "head start" on market-moving news.
Disclosure

House Passes Bill to Close ‘8-K Trading Gap’

The current system that allows insiders to trade on information about a significant corporate event is "a total abuse of the public trust."
Financial Performance

Wells Fargo Misses Estimates as Profit Falls 55%

The bank's new CEO pledges to “make the fundamental changes necessary to regain the full trust and respect of all stakeholders."
Capital Markets

Fired Boeing CEO to Depart with Potential $80 Million

Dennis Muilenburg will not receive severance or separation payments in connection with his departure.
Financial Performance

Goldman Q4 Profit Dives as Expenses Jump 42%

The bank set aside $1.1 billlion for legal costs and spent heavily on employee compensation and benefits.
People

CFOs On the Move: Week Ending January 10

Captivate, Amazon Web Services, Aramark, Juul Labs, SunPower, Bright Health, Abbott Laboratories, Alaska Air Group, ASRC Industrial, Colony Hardware
Financial Performance

WD-40 Shares Dive 4% as Sales Slump in China

"Our long-term strategic drivers continue to perform well and are line with our expectations.”
Financial Performance

Walgreens Shares Dive on Q1 Earnings Miss

“We anticipate that profitability and sales growth may be hard to come by for the foreseeable future,” an analyst says of the drugstore chain.
Accounting

Is It Time to Reevaluate the Wisdom of Brand Writedowns?

Accounting rules for intangible assets may cloud CFOs' appreciation of the long-term damage that writing down the value of brands may cause.
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