Corporate Finance

Finance and Accounting Roundup for Executives

Be informed, get involved, and shape the world through finance. Here is today's CFO roundup.
Kerry MarunaOctober 21, 2015

Here’s What’s Going on in Finance Today

 

Google is making moves in the productivity suite game. Google applications (Docs, Sheets, Slides and others) are being made available free of cost to companies with current enterprise agreements with other providers. Until those enterprise agreements have expired this service will remain free. Google will offer contracts to those companies afterwards, claiming contracts will have “no traps or gotchas.” For the time being this service is only an option in the United States, and there is no clear picture on when the offer will end. For more of the details go to the link below, or click here.

A drop in sales this third quarter marks the 14th straight quarterly revenue drop for IBM. This shortfall has dropped IBM stock by 5%, to $142. IBM has been focusing on what CEO Ginni Rometty calls, “strategic imperatives.” This means the company is reorganizing itself around cloud computing, data analytics and security businesses. This new focus means dropping other hardware businesses, which in turn leads to revenue loss. But even with the new focus, is IBM falling behind competitors in the cloud computing industry? Find out in the link below, or click here.

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Third Quarter Brings Little Relief for IBM Shareholders

The company’s shift from its legacy businesses to cloud computing continues to be painful as sales drop a greater-than-expected 14%.

>> Matthew Heller

 

Yum Brands Splitting Off its China Business

Yum China will operate as a franchise, paying Yum Brands a percentage of its sales for brand rights.

>> Katie Kuehner-Hebert

 

Revenue Falls at United Technologies

The aerospace manufacturer reported mixed third-quarter results but boosted its share repurchase program.

>> Katie Kuehner-Hebert

 

Deposits Environment: Banks Have the Upper Hand

What to do when a financial institution doesn’t want your transactional deposits.

>> Vincent Ryan

 

Pimco Sues Over Brazilian Oil Giant Losses

Petrobas was once a central emerging market investment for U.S. asset management companies. Now, investors are lining up to sue the company.

>> Matthew Heller

 

Google Offers Free Google Apps for Work

The search giant is trying to lure enterprises away form Microsoft’s productivity suite.

>> Katie Kuehner-Hebert

 

Crédit Agricole Fined $787M Over Sanctions Violations

The bank is accused of processing U.S. dollar payments for clients in Iran, Burma, and other sanctioned countries.

>> Matthew Heller

 

Don’t miss the great financial insights offered in the CFO Whitepaper Library, click here.


 

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