Turning the Page
Why Mark Bierley left bookseller Borders for the CFO job at a convenience-store chain.
GM’s Henderson Takes Wheel from Wagoner
At the behest of the White House, another company seeking government bailout money calls on a former CFO to lead — and restructure — its business. For the time being, Nardelli will stay at Chrysler.
Deals: There Will Be Oil … in Calgary, Anyway
In our M&A Roundup for the week ended March 29, Suncor's $18.39-billion purchase of Petro-Canada tops the sale of Calgary-based Oilexco's North Sea assets. Deloitte, Time Warner also do some buying.
Real-Life Accounting Scam Nets Producers
One-time Broadway giants Garth Drabinsky and Myron Gottlieb are convicted in Canada of a $400m fraud. Star witness is the VP for finance.
E&Y Settles HealthSouth Case for $109M
Auditor for the scandal-ridden health-care provider will create investor fund as a result of the class-action agreement.
Stanford Financial CFO Will Aid the Feds
James Davis reportedly reverses his decision to plead the Fifth, and says he'll cooperate in an investigation targeting an alleged $8b investment scam.
Deals: Fertilizer, Roller Coasters, and Gold
In our M&A Roundup for the week ended March 22, a diverse lot of billion-dollar deals helps keep the totals respectable — though far short of the prior "Merck Week."
The Tellers Tell: How Big and Small Banks Are Coping
As Citi ponders a reverse stock split, regional banks tally impairments in their financial reports.
Tale of Two Chapters: 7 for Planet Toys; 11 for Station Casinos
Toymaker reported to be aiming for liquidation, while gaming concern eyes a prepackaged bankruptcy reorganization.
Deals: Pharma Is the Cure for M&A’s Blahs
In our M&A Roundup for the week ended March 15, Merck-Schering is followed — at a distance — by Gilead Sciences buying CV Therapeutics. Behind them, an eclectic mix.
Losing Luster: GE Ratings Dimmed by S&P
It's long-protected Triple-A becomes AA-plus — for GE Capital as well — days after CFO Sherin made his pitch to the ratings services.