Accounting & Tax

Credit

U.S. Banks’ Profits Sink 69% to $18.5B in Q1

Banks diverted earnings to reserves for "newly risky loans as the coronavirus tanked credit health and plunged the U.S. into a recession."
The Cloud

Oracle Shares Slip as Q4 Sales Drop 6%

The software giant saw a drop-off in deals, particularly in industries most affected by COVID-19 such as hospitality and retail.
Applications

Skillsoft Files Chapter to Ease $2B Debt Burden

“While our core business remains strong, with attractive profitability and cash flow characteristics, our debt levels are too high."
Bankruptcy

24 Hour Fitness Files for Bankruptcy

“If it were not for COVID-19 and its devastating effects, we would not be filing for Chapter 11.”
GAAP and IFRS

BP Faces $17.5B Q2 Hit

The oil giant lowered its oil price expectations through 2050 due to the COVID-19 pandemic.
Financial Performance

Lululemon Shares Fall on Steep Sales Drop

Investors had been hoping the athletic wear retailer would benefit as consumers focus on health and wellness amid the coronavirus pandemic.
Financial Reporting

Hamilton Beach to Restate Two Years of Results

The home appliance firm said employees of its Mexican unit engaged in unauthorized transactions that resulted in recording of unrealizable assets.
Financial Performance

Chewy Gets Boost From Stay-At-Home Orders

The online pet food company's 46% jump in Q1 sales reflects "the significant change that occurred in consumers’ shopping behavior as the pandemic spread."
Compensation

High Fees for Exec-Comp Consultants a Tipoff to Sumptuous CEO Pay: Study

How effective is a continuing regulatory focus on cross-selling by exec-comp consultants?
Disclosure

Argo Group Fined Over Perks to ‘Bon Vivant’ CEO

The SEC says the insurer failed to disclose more than $5.3 million in perks that it provided to former CEO Mark Watson from 2014 through 2018.
Financial Performance

Slack Shares Slump on Disappointing Guidance

The full-year forecast fell below “high investor expectations for team collaboration and communication names amidst this [work from home] era.”
The Economy

May Jobs Report Much Stronger Than Expected

The U.S. unemployment rate fell to 13.3% in May as states reopened.
1 2 3 4 … 620

Latest Articles

Human Capital & Careers

Metric of the Month: Total Cost to Reward and Retain Employees

July 1, 2020
M&A

Lululemon Sees Fitness Future in Mirror

June 30, 2020
Bankruptcy

Cirque du Soleil Files for Bankruptcy

June 30, 2020
M&A

BP Sells Petrochemicals Business to Ineos for $5B

June 29, 2020
The Cloud

Three Ways COVID-19 is Accelerating Digital Transformation in Professional Services

June 29, 2020