Philips Announces ‘Dramatic’ Strategic Step
Amid criticism its conglomerate structure is denting profits, Philips will separate its lighting business from its health-care and electronics divisions.
Auditors Can’t Leave Going Concern Evaluation to Management
The PCAOB alerts auditors that they still have a responsibility to independently evaluate whether a company is a going concern.
Basel III Inspires Bank Changes to ECR Products
The need for banks need to stabilize their deposit funding is forcing them to make earnings credit rates more attractive.
Insider Buying Tumbles, But Buybacks Increase
Executives might personally think their company's stock is fully valued, but at the corporate level they are still buying back shares.
Texas Man Fined $40M for Bitcoin Ponzi Scheme
Federal judge affirms that fraudsters "are not beyond the reach of the SEC just because they use Bitcoin or another virtual currency."
Fed Scolds Santander Unit Over $52M Dividend
Santander Consumer USA, a big subprime auto lender that's majority-owned by Santander Holdings, paid a common stock dividend without the Fed’s approval.
Oracle CFO Catz Tapped as Co-CEO
Safra Catz will share chief-executive duties with Mark Hurd, but still focus on manufacturing, finance and legal operations.
New Brokerage Aims to Help Employees Cash Out
CFOs have been wary of platforms that facilitate selling of insider stock pre-IPO, but Battery East thinks it can change that.
IBM Service Aims to Make Spreadsheets Obsolete
Watson Analytics is a natural language system that streamlines tasks associated with predictive analytics, including visualization.
House Passes Latest ‘Audit the Fed’ Bill
Republicans in the House of Representatives overwhelmingly supported the measure, but the Senate has no plans to consider a similar bill.
Big Business Joins U.S. Fight Against HFC Gases
Dupont, Honeywell and others reach agreement with the Obama administration to reduce their use of hydrofluorocarbons.