Accounting & Tax

Fraud

Comscore Fined $5M Over Accounting Fraud

The data analytics giant's former CEO allegedly improperly recognized revenue from non-monetary transactions to beat Wall Street estimates.
Strategy

Harley-Davidson Unveils New Growth Strategy

The strategy will require "significant investment” funded entirely through cost cuts and the reallocation of investment and resources.
Accounting & Tax

PwC Fined $7M for Audit Independence Violations

The SEC says the firm improperly worked on non-audit services including financial software projects for audit clients.
GAAP and IFRS

Has Non-GAAP Reporting Become an Accounting Chasm?

Aggressive use of non-GAAP numbers is creating a crisis in how investors, analysts, and the media report financial performance and value companies.
People

Lorenzo Flores Steps Down As Xilinx CFO

Flores “has been integral to our efforts to grow our business and execute on our transition to a platform company," the chipmaker's CEO says.
Supply Chain

Will Saudi Oil Strikes Hamper Supply Chains?

The impact will likely be mostly in the short term, but only if there isn't another production-depleting incident.
Budgeting

The Zero-Based Mindset

Starting from a “zero base” can reshape the customer portfolio, realign the organization, and unearth value in the supply chain.
Financial Performance

Broadcom Beats Estimates, Chip Sales Fall 5%

The company expects its chip business "will continue to operate in a “very low growth, uncertain macro environment” for the foreseeable future.
Financial Performance

Oracle Reports Sales Miss, Co-CEO Taking Leave

Mark Hurd says he decided that he needed to spend time focusing on his health.
Global Business

Hong Kong’s Stock Exchange Makes $37B Bid for London Stock Exchange

The Hong Kong stock exchange’s operator said the deal would connect Eastern and Western financial markets.
Supply Chain

Apple Says Zhengzhou Factory Broke Labor Rules

In response to a watchdog group, the tech giant acknowledged that a supplier violated rules on working conditions to build its latest iPhones.
Tax

IRS Aims to Catch Up to Tech Advancements

Tax agency proposes regulations that would impact tax on income from international cloud transactions and electronic transfers of digital content.
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