Corporate Finance

Finance and Accounting Roundup for Executives

Be informed, get involved, and shape the world through finance. Check out the finance win and fail of the day in the CFO roundup.
Kerry MarunaNovember 10, 2015

What’s Going on in Finance Today?

 

Online dating apps are all the rage. Why not invest in digital social interaction when everything else is on the Internet? Match Group is seizing opportunities with an IPO of nearly half a billion. They own Tinder, OkCupid and Match.com and with 9.6M active daily users who average about 35 minutes a day on the app (Tinder), there is plenty of reason to up the advertising. Get the whole story on the Match Group IPO below or click here.

How do you hide $100 million in losses? Ask Gilbert Lundstrom former CEO of TierOne Bank. Lundstrom hid the Nebraska bank’s failing condition that led to its eventual closing in June, 2010 claiming he was lied to by executives. See the outcome of his trial in the link below, or get the verdict here.

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CFO.com covers the best news in the world of finance, it’s no wonder that the world’s top executives come here for their financial insights and stories. Here’s today’s CFO roundup…

 

But First, the Finance Win and Fail of the Day.

Win…

President Obama has been working on a trade deal that will help working families in job growth and creation, “Not only now, but for decades to come,” says Mr. President. It not only helps job growth but the American economy as well. The video in today’s finance win of the day is provided by Bloomberg Video via Yahoo Finance, click here to view the whole story.

Fail…

Looks like Exxon Mobile will be answering for its questionable response to climate change over the last few decades as the company receives a subpoena from the NY Attorney General’s office. Even politicians such as Hillary Clinton and Bernie Sanders have gotten involved with this issue. The big question is, “did they warn investors about financial risk?” Find out the facts in today’s finance fail provided by learnbonds.com.

 

Kroll Firm to Expand Bond Rating Coverage

With an infusion of new capital from a private-equity investor, Kroll hopes to double in size in the next three years.

>> Matthew Heller

 

Weyerhaeuser Buys Plum Creek Timber for $8.44B

Two REITs combine to form company that would control 13 million acres of U.S. timberland.

>> Katie Kuehner-Hebert

 

Match Group seeks to Raise up to $466M in IPO

The owner of Tinder, OkCupid and Match.com is selling about 14% of itself to cash in on the boom in online dating.

>> Katie Kuehner-Hebert

 

Cybersecurity: The Cost of Immaturity

The business of protecting against computer hacking is booming.

>> Economist Staff

 

Banks Facing $1.2T Deficit Under Stability Plan

A top regulator says the new rules are a “robust standard” that allows “systemically important” banks to fail without putting taxpayer funds at risk.

>> Katie Kuehner-Hebert

 

Ex-TierOne Bank CEO Guilty of Hiding Losses

A federal jury rejects Gilbert Lundstrom’s defense that he never intentionally misled anyone about the Nebraska bank’s problems.

>> Matthew Heller

 

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