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CFO’s Daily Roundup: June 30, 2015

A collection of CFO.com's articles and stories published on June 30, 2015
Kerry MarunaJune 30, 2015

Get informed with CFO’s articles and stories…

 

SEC OKs Use of Twitter for Startup Fundraising

The commission continues to warm up to social media by allowing posts about stock or debt offerings in 140 or fewer characters. >> Matthew Heller

 

SEC Fines KKR $30M for Misallocating Expenses

The private equity firm breached its fiduciary duty to its funds by letting KKR executives and other co-investors off the hook. >> Matthew Heller

 

Towers Watson and Willis To Merge

The professional-services firm and insurance broker will join in an $18 billion deal creating a company with more than $7 billion in revenue.

>> Katie Kuehner-Hebert

 

From Algebra to Calculus: Financial Planning in the XaaS Economy

For cloud businesses, planning, budgeting, and forecasting are worlds apart from the norms at traditional enterprises. >> Hyoun Park and Scott Pezza

 

Finance Software Firm Adaptive Raises $75M

The cloud-based company says it’s growing more than 50% per year in recurring revenue bookings. >> Matthew Heller

 

Sony to Raise $3.6 Billion in Equity and Debt

The funds are part of a plan to achieve a return-on-equity ratio of 10% by 2018.

>> Katie Kuehner-Hebert

 

Puerto Rico’s Governor Calls for Debt Restructuring Under U.S. Bankruptcy Code

Gov. Padilla asks for changes to the code’s Chapter 9, which offers distressed municipalities, but not states or territories, protection from creditors.

>> Katie Kuehner-Hebert

 

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