Ex-Dell CFO Gladden Moves to Snack Maker Mondelez
A year after steering Dell through a leveraged buyout, Brian Gladden assumes the role of finance chief at Mondelez International.
Regulators Want to Fix Bank’s Risk Models
There is too much variability in the credit risk banks are assigning to different kinds of assets, says the the Basel Committee on Banking Supervision.
U.S. Budget Deficit Lowest Since 2008
The federal government's receipts grew nearly 9% in fiscal 2014, helped by growth in corporate taxable profits and an increase in payroll tax collections.
IMF Urges Banks to Adjust to Post-Crisis Reality
"Banks need to change the way they operate to ensure that they can build and maintain capital buffers without taking excessive risk," says an IMF report.
World Bank CFO Gives Up ‘Scarce Skills’ Bonus
To help defuse staff anger over a radical restructuring of the World Bank, CFO Betrand Badré forgoes a $95,000 bonus.
IBM May Be Close to Offloading Computer Chip Unit
The computer giant will probably pay more than it originally hoped to get GlobalFoundries to take over its chip manufacturing operations.
Wal-Mart Part-Timers to Lose Health-Care Benefits
Employees of the retailer that work less 30 hours a week will no longer be covered under the company's health-care plans.
IMF Trims 2015 Growth Forecast to 3.8%
In addition, the financial markets of some advanced economies may be overheating, increasing the risk of an equity price correction this year, says the IMF.
EU Watchdog Opens Probe of Amazon Tax Break
According to the European Commission, Amazon is being allowed to understate its taxable profits in Luxembourg.
HP Announces Historic Breakup
Splitting off the PC and printer businesses will give the enterprise division "focus, financial resources and flexibility," says CEO Meg Whitman.
Glass Supplier To Apple Files for Bankruptcy
GT Advanced Technologies had spent money on ramping up production for the iPhone 6. But then Apple decided not to use its product for the phone's screen.