Corporate Finance

Finance and Accounting Roundup for Executives

Be informed, get involved, and shape the world through finance. Here's today's CFO roundup.
Kerry MarunaOctober 28, 2015

Here’s What’s Going on in Finance Today

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 2015the 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.

CFO.com provides the best journalism in executive finance. No other company gets the facts from the C-suite point of view quite like CFO. Get your financial insights from top finance chiefs. Here’s the CFO roundup…

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Survey Finds Execs Bullish About Dealmaking

Ernst & Young says a record 75% of U.S. firms are planning to pursue deals in the next year but executives are proceeding judiciously.

>> Matthew Heller

 

Pay Ratio Rule: Tell Us What You Think

A chance for readers to sound off on the issue of requiring CEO-to-worker pay ratio disclosures.

>> CFO Staff

 

Death by Digital: Good-Bye to Finance as You Know It

It will be the best thing that ever happened to your finance organization.

>> David Axson

 

Are Share Buybacks Jeopardizing Future Growth

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

 

Square Posts Largest Quarterly Loss Since 2014

The payments startup, about to go on its IPO roadshow, says it lost $59.3 million in the third quarter.

>> Katie Kuehner-Hebert

 

U.S. to Sell Oil Reserves To Raise Cash

The 2015 budget deal calls for selling 8% of the country’s Strategic Petroleum Reserve.

>> Katie Kuehner-Hebert

 

Ex-St. Joe CFO, Others Accused of Improper Accounting

A Florida developer overstated earnings by failing in its impariment testing of real estate assets.

>> Matthew Heller

 

Baxter To Cut 1,400 Jobs

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.

>> Katie Kuehner-Hebert

 

Moody’s Questions VW’s Response to Scandal

“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.

>> Matthew Heller

 

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