Accounting & Tax

Financial Performance

Uber Posts Record Loss, Sales Growth Slows

“What’s sapping investor confidence ... is the absence of a clear path to grow revenue and cut costs,” an analyst says.
Technology

Salesforce to Buy Field Service Software Firm

The $1.35 billion acquisition of Israel's ClickSoftware adds to Salesforce's offerings for mobile workforces.
Tax

How a Tax Strategy Is Key to Divestment Success

Commonly, value is lost when sellers identify tax risks in the early stages, but then fail to act to clarify and potentially mitigate those risks
Financial Performance

Lower-Than-Expected Loss Cheers Lyft Investors

“We are trying to drive profitable growth, not growth at all costs," CFO Brian Roberts says.
M&A

Nike Buys Predictive Demand Company Celect

The deal is part of the company’s push to emphasize direct-to-consumer sales.
Financial Performance

Disney Profit Falls on Weak Results From Fox

The results from the Fox movie studio were “well below” what Disney hoped for “when we made the acquisition,” CEO Bob Iger says.
M&A

Cars.com Dashes Hopes of Sale, Shares Tank

The online auto marketplace received interest from 29 prospective buyers but "no actionable options for a sale of the company."
Bankruptcy

iPic Entertainment Files for Bankruptcy; Pursues Sale

The luxury theater chain hopes to restructure its debt and strengthen its balance sheet.
Financial Performance

Exxon Mobil Profits Dip on Natural-Gas Glut

Lower prices due to abundant supply helped drive Exxon's natural-gas profits down by about half.
Fraud

Former Brixmor Property CFO and CEO Charged with Accounting Fraud

The SEC charged the company and four former executives with manipulating non-GAAP measures.
Financial Performance

GM’s Pickups, Cost-Cutting Drive Profit Increase

“Our results demonstrate the earnings power of our full-size truck franchise, with more upside to come," CEO Mary Barra says.
Financial Performance

GE Reports ‘Steady Progress,’ CFO Departure

CEO Larry Culp hails Jamie Miller's "many contributions to GE’s significant transformation" but says it was time for a CFO change.
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