This roundup includes stories on a European tax investigation, ignition defects costing General Motors $900 million, the Federal Reserve’s open market committee seeking improvement in labor markets and why you can look forward to bringing in the new year with health-care plan cost increases. It’s never too early to get caught up on everything finance, start here with the CFO roundup…
Rise in Health Plan costs to Continue in 2016
The rate of cost growth for health-care benefits is slowing but is still well above increases in the Consumer Price Index.
EU widens Corporate Tax Investigation
The European Union is looking for evidence of sweetheart tax deals between EU countries and individual multinationals.
SEC Strips Out Credit Ratings for Money Funds
A low credit rating on a short-term security will no longer prohibit a money market fund from investing in it.
Dole Buyout Case Attracts Scrutiny of Financial Projections
Other lawyers will assuredly try to mimic the Dole plaintiffs’ claims in future lawsuits challenging merger and acquisition transactions.
Group Calls For SEC Chair’s Recusal On PCAOB Decision
Because her husband advises the PCAOB, SEC Chair Mary Jo White should recuse herself from picking its next chairman, says one advocacy group.
GM Settles Ignition Defect Charges for $900M
GM admitted liability for wire fraud and concealing material facts from a U.S. regulator, but the U.S. attorney did not file charges against any executives.
Fed Says Economy Still Not ready for Rate Hike
The Federal Reserve’s open market committee says it wants to see further improvement in the labor markets and inflation heading back to near 2%.
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