Corporate Finance

Finance Roundup for Executives

Be informed, get involved, and shape the world through finance. Here's today's CFO roundup.
Kerry MarunaNovember 12, 2015

What’s Going on in Finance Today…

 

Apple is growing to the tune of 1,000 new jobs in Ireland. CEO Tim Cook reassures that the European Union ruling over Apple’s tax arrangements will not affect Apple’s growth. This expansion makes Apple the largest private sector employer in Cork, Ireland. Read more on this story here, or scroll down to the link.

More news on fantasy sports in NY. It’s illegal gambling, says NY’s attorney general. Citizens of NY state are no longer permitted to use the sites FanDuel or DraftKings. The fantasy football providers will take a major hit from the loss of NY users. Get the details in the link below or get started here.

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CFO.com provides news and resources that finance professionals find invaluable. If you need a friend in finance, find it in us. Here’s today’s roundup.

 

But First, Today’s Financial Win and Fail

Win…

Will the Sand Diego Chargers and the Oakland Raiders be playing in the L.A. market in 2016? Could be true, Disney CEO Robert Iger oversaw the building of a new stadium in Carson, California. This could mean a new market for both teams as early as next season. Get the full story behind today’s finance win of the day, courtesy of sports.yahoo.com.

Fail…

Rolls-Royce shares are down 20% after fourth profit warning of the year. The British engine maker blames China’s economic slow down, Brazil and south-east Asia’s lack in demand of corporate jets, and slumping oil prices that effect RR’s energy customers. Could there be more bad news in the future for Rolls-Royce? Find out in today’s finance fail of the day provided by theguardian.com.

 

McDonald’s Says REIT Wouldn’t Benefit Investors

Burger giant’s CEO says the structure would “put future value at risk.”

>> Matthew Heller

 

Kroger Expands in Midwest With Roundy’s Deal

The $178 million transaction continues Kroger’s strategy of acquiring regional supermarket chains to further growth.

>> Katie Kuehner-Hebert

 

CFOs Reveal Their Top Issues for 2016

What will CFOs be spending their time on next year? Preserving margins and sustaining or improving earnings performance top the list, says Protiviti.

>> Vincent Ryan

 

Clawbacks Trigger Disputes Between CFOs and Auditors

Senior finance executives are pushing back against restatements that could cost them incentive pay.

>> David M. Katz

 

Apple Adds Jobs in Ireland as Tax Ruling Looms

CEO TIm Cook affirms Apple’s commitment to Ireland, where the company is expanding its Cork campus to accommodate a growing workforce.

>> Katie Kuehner-Hebert

 

Millennium Health Files Bankruptcy to Ease Debt

The drug-testing lab’s reorganization plan would reduce its obligations under a 2014 credit agreement to $600 million from $1.75 billion.

>> Katie Kuehner-Hebert

 

Chinese Citizens Accused of Insider Trading

The SEC alleges a former TPG Capital employee tipped his cousin off to pending health-care deals involving the private-equity firm.

>> Matthew Heller

 

New York Cracks Down on Fantasy Sports Sites

The state’s attorney general says daily fantasy games offered by DraftKings and FanDuel “easily meet the definition of gambling.”

>> Matthew Heller

 

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