This CFO roundup has stories involving fraud, quarterly losses, lawsuits and Bob Evans. Bad luck and breakfast is what it sounds like, yet it all revolves around accounting and finance. Enjoy yesterday’s stories all in one place, the CFO daily roundup…
Bob Evans to Sell Lease Back Restaurants
An activist investor presses the restaurant company into a sale-leaseback transaction.
Private Sector Adds 190,000 Jobs in August
The job growth fell short of economists’ expectations but remains strong except in the energy industry.
Haggen Sues Over Supermarket Deal
The $1 billion suit intensifies a legal battle that has followed Haggen’s acquisition of 146 Albertsons stores.
Metric of the Month: Budget Iterations
The number of budget iterations affects budgeting, planning, and forecasting.
Navistar Posts 12th Straight Quarterly Loss
The truck and engine maker also says the SEC may be close to bringing an enforcement action over a disclosure issue.
Banks Report Strong Second-Quarter Earnings
FDIC data show a 7.3% increase in aggregate net income, with 58.7% of insured institutions reporting year-over-year growth.
Failed Bank’s COO Gets 8 Years for TARP Fraud
Regulator says Ebrahim Shabudin was so “fixated” on protecting United Commercial Bank’s reputation that he hid millions of dollars in losses.
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