Corporate Finance

Finance Roundup for Executives

Be informed, get involved, and shape the world through finance. Here's today's CFO roundup.
Kerry MarunaNovember 19, 2015

What’s Going on in Finance Today

 

Coffee company’s CEO and others have been accused of fraud by the SEC. The former employees of Jammin’ Java allegedly schemed their way to $78 million in illicit profits. The elaborate scheme involved offshore intermediaries and phony online newsletters, among others. Get the specifics here.

Even companies who avoided the pitfalls of the 2008 recession still need to be prepared. Canadian banks learned this after having to convert $114 billion into securities in order to prevent taxpayer-funded bailouts. Learn more here.

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CFO.com has the information you won’t find anywhere else on the web, get your financial news with us. Here’s today’s roundup.

 

CFOs to Boost Capital Spending in 2016

But certain elements of the cash-flow cycle are causing them problems, according to TD Bank.

Katie Kuehner-Hebert

 

Blockbuster Tax Trade: Less Complexity for More Transparency

With fewer disclosures and less complexity in the tax code, firms could report timelier, more transparent financials, says Haskell & White’s Rick Smetanka.

Rick Smetanka

 

Obamacare’s Cadillac Tax Must Be Repealed

Former Senate tax counsel Christopher Condeluci lays out a plan to replace the tax in a way that would meet both Democratic and Republican policy goals.

Christopher Condeluci

 

Interim CEOs Are Prone to Inflating Earnings

Not only that, they’re more likely to be promoted to the top job permanently if they do.

David McCann

 

ConAgra Restructures With Lamb Weston Spinoff

The frozen potato products business will become a separate company as ConAgra continues to sharpen its focus on key consumer brands.

Katie Kuehner-Hebert

 

ON Semi Buys Fairchild for $2.4 Billion

The deal continues the acquisition spree among chipmakers that so far this year has exceeded $80 billion.

Katie Kuehner-Hebert

 

Housing Starts Fall in October, Permits Surge

Despite the October drop, housing starts have topped 1 million units for seven straight months, indicating a continuing recovery.

Katie Kuehner-Hebert

 

Nine Charged With Jammin’ Java Stock Fraud

The SEC alleges stock promoter Shane Whittle orchestrated a “pump-and-dump” scheme that artificially inflated the coffee distributor’s share price.

Matthew Heller

 

Canadian Banks Face $114B Compliance Bill

New global rules will require the banks to have a shock-absorbing cushion even though they avoided the 2008 crisis.

Matthew Heller

 

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