Accounting & Tax

M&A

Office Depot Rejects Takeover Bid While MGM Won’t Up Entain Offer

The office-supply chain suggested it was open to a joint venture with its rival Staples.

William Sprouse
January 19, 2021
Financial Performance

Wells Fargo Shares Dip 7% on Q4 Revenue Miss

"Our results continued to be impacted by the unprecedented operating environment and the required work to put our substantial legacy issues behind us."
The Economy

U.S. Retail Sales Fall for Third Consecutive Month

"The further slump in retail sales in December confirms that the continued surge in coronavirus infections is now weighing heavily on the economy."
Global Business

U.S. Government Blacklists Xiaomi and Cnooc

China’s leading smartphone maker and its third-biggest oil driller were added to the list of firms banned from American investment.
Financial Performance

Delta Posts Record Loss, Cuts Cash Burn

“Our December quarter results capped the toughest year in Delta’s history,” Delta CEO Ed Bastian said.
The Economy

Unemployment Claims Jump

“This reminds us that the economic crisis has not gone away, far from it, at a time when multiple crises have been vying for our attention.”
Accounting & Tax

The Complexities of a COVID-19 Year-End

As CFOs face the demands of year-end accounting and financial reporting, they’re pondering which issues need to be front and center and how to frame them.
People

CFOs On the Move: Week Ending January 15

Grainger, Diageo, Knock, Monster Beverage, Vacasa, Sterling Bancorp, Cornerstone, Scotts Miracle-Gro, Hyliion, Zebra Technologies, Marathon Petroleum
The Economy

Oil Prices Rise as Suppliers Hold Back

U.S. crude oil prices rose above $50 per barrel for the first time since February.
Applications

LoanDepot Seeks NYSE Listing Amid Mortgage Boom

The mortgage lending company generated $1.47 billion in net income from the first nine months of last year.
Accounting & Tax

Bitcoin Breaches $41,000 Mark in Unfazed Rally

Even as Bitcoin hits new all-time highs, investors with large amounts of the cryptocurrency are continuing to hold on to the asset.
Applications

Finance Bots: Overcoming the Hesitation

Striking right balance of risk and governance can curb the unintended consequences of an RPA implementation.
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