U.S. Budget Gap Jumps to $660B in March
Spending on coronavirus relief has "sent the federal debt soaring to levels not seen since the end of World War II as a proportion of the economy."
Microsoft Buys Nuance in $16B Health Care Cloud Bet
The acquisition of the provider of digital tools for health care processes advances Microsoft's industry-specific cloud strategy.
Raytheon Names Neil Mitchill as New CFO
Mitchill, a former United Technologies executive, replaced Toby O'Brien, who stepped down after six years as finance chief.
Florida Sues to Lift Ban on U.S. Cruise Sailings
“We don’t believe the federal government has the right to mothball a major industry for over a year, based on very little evidence and very little data."
U.S. Adds Chinese Tech Firms to Export Blacklist
The Commerce Department says the companies were building supercomputers used by China for "destabilizing military modernization efforts."
Pickup in CFO Optimism Continues in Q1
The growing optimism "is evident in the robust expectations firms have for revenue and employment growth in 2021," according to The CFO Survey.
Corteva Names Dave Anderson as New CFO
The appointment "signals that Corteva valued prior experience leading the finance organization for large companies over agriculture industry experience."
CPA Charged With Violating Auditing Rules
Christopher Knauth allegedly performed an audit of a public company even though his firm was not registered with the PCAOB.
Jobs Market Continues Surge With 916,000 Gain
With government relief checks and the accelerating vaccine rollout, "there is finally real light at the end of the tunnel."
JCPenney Offloads $2.8 Billion in Pension Liabilities
The transfer deal with annuities provider Athene Holdings will ensure that about 30,000 participants in JCPenney's pension plan continue to get benefits.
CFOs See Silver Linings to Coronavirus Crisis
Grant Thornton reports that more than 60% of CFOs cited improved flexible and remote work environments as an upside of the pandemic.