The U.S. plans to sell 8% of its oil to raise money. This type of fundraising has occurred once before, following the oil crisis of 1973. A budget agreement between the White House and lawmakers from both sides of the isle calls for even more oil sales. According to The Bipartisan Budget Act of 2015, the U.S. will sell from its Strategic Petroleum Reserve for years to come. Get the whole story in the link below, or click here.
Will there be a change in corporate culture at Volkswagen following the recent emissions crisis? Possibly not, according to a Moody’s Investor Service report. The magnitude of the crisis leads the belief that VW is lacking in both internal controls and risk management. Scroll down for details in the link, or get them now here.
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Ernst & Young says a record 75% of U.S. firms are planning to pursue deals in the next year but executives are proceeding judiciously.
A chance for readers to sound off on the issue of requiring CEO-to-worker pay ratio disclosures.
>> CFO Staff
It will be the best thing that ever happened to your finance organization.
>> David Axson
Fears that U.S. companies underinvest by paying too much back to shareholders are unfounded. Rather, the rise in buybacks reflects changes in the economy.
>> Tim Koller
The payments startup, about to go on its IPO roadshow, says it lost $59.3 million in the third quarter.
The 2015 budget deal calls for selling 8% of the country’s Strategic Petroleum Reserve.
A Florida developer overstated earnings by failing in its impariment testing of real estate assets.
The job cuts come after a quarter of falling sales and the addition of a hedge fund executive to the medical device maker’s board of directors.
“The emission crisis might cause lasting damage to VW’s once-solid reputation with adverse effects on its future earnings and cash flows,” says Moody’s.
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