CFO’s Daily Roundup of every article published on August 17, 2015…

 

Glencore Seen Taking More Debt-Cutting Steps

Analysts say the commodity supplier needs to cut net debt by almost half to $16 billion by the end of next year to retain its credit rating.

>> Matthew Heller

 

Tax Inversions: All My Bags Are Packed

Corporate America’s tax-driven exodus continues.

>> Economist Staff

 

Target Promotes Mulligan; Smith Returns to Fill CFO Spot

John Mulligan moves into the newly created chief operating officer position and will be replaced as CFO by Cathy R. Smith.

>> Katie Kuehner-Hebert

 

KKR’s Energy Play Planning Chapter 11 Filing

The downfall of Samson Resources will wipe out the $4.1 billion in cash that private-equity firms led by KKR invested in the oil and gas producer.

>> Katie Kuehner-Hebert

 

Citigroup Settles Fund Fraud Case for $180M

The SEC alleged two Citigroup affiliates duped investors by claiming that hedge funds were safe, low-risk, and “bond substitutes.”

>> Matthew Heller

 

Risk Governance Improving at Big Banks

Moody’s survey shows the largest global banks are beefing up their risk governance practices to comply with tougher international standards.

>> Katie Kuehner-Hebert

 

Kohl’s Loses Bid to Stop Exec From Taking New Job

A Wisconsin judge rules Kohl’s didn’t prove that Janet Schalk’s move to Hudson’s Bay posed a direct competitive threat.

>> Matthew Heller

 

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