Accounting & Tax

Financial Performance

J.Jill ‘Disappointed’ with First Quarter Financial Results

The retailer fell short on earnings and revenue last quarter and same-store sales dropped more than 3%.
Retirement Plans

Why Terminating a Pension Plan May Be Unaffordable

Not only is it expensive to buy annuities to fund existing retiree benefits, but financial statement issues also may stymie plan terminations.
Revenue Recognition

Unclear IR Communications Sent Share Price Tumbling

New CFO at Talend works to overcome investor concerns about the software firm's altered business model and revenue recognition issues.
Financial Performance

‘Great’ Tax Season Drives Intuit Earnings Beat

The company's DIY tax prep software was particularly strong in the third quarter, with TurboTax Live users more than tripling year over year.
Tax

Bernie Sanders Introduces Plans for Wall Street Speculation Tax

The tax would generate up to $2.4 trillion in over 10 years.
Tax

IRS Audit Rate for Highest Earners Falls by Half

"Congress needs to give the IRS the sustained resources it needs to ensure high fliers pay their taxes,” Sen. Ron Wyden (D-Ore.) says.
Financial Performance

JCPenney Reports Steep Drop in First Quarter Sales

The company’s CEO remains optimistic about the retailer’s future.
Budgeting

A Company That Gets Managers to Think Like Owners

How finance and investor relations can lead a cultural transformation that drives long-term shareholder value.
Auditing

KPMG to Restructure Audit Business in U.K.

The Big Four firm says it wants to "restore trust in audit" but a U.K. regulator indicates the changes don't go far enough.
M&A

HPE Confirms Deal to Buy Cray Supercomputers

Cray is in the process of building the world's fastest supercomputer for the U.S. Department of Energy.
Financial Performance

Pinterest Shares Dive on First Public Report

Pinterest's adjusted loss was three times worse than expected, taking some of the steam out of the stock's post-IPO surge.
Financial Performance

Walmart Gets Big Sales Boost From E-Commerce

"Walmart is now a major competitive force in e-commerce and is capable of capturing shopper share from Amazon and others.”
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