This edition of the CFO roundup includes how HP is saving billions by cutting their workforce, how corporate insiders made the right move by trading around an 8-K disclosure, and the beginnings of a possible trend in disinflation. All this and more right here in the CFO roundup…
HP Slashing Up to 33,000 Workers
The company expects to save about $2.7 billion, mostly by cutting jobs in the HP Enterprise business.
Insiders Profiting During ‘8-K Trading Gap’
Corporate insiders earn significant profits trading around the time of an 8-K disclosure, says a new study.
Hackers Are the Problem, Workers the Weak Point
It only takes one employee clicking on the wrong link to give away the keys to the kingdom.
IRS Taking Tougher Stance on Some Spinoffs
The agency has “significant concerns” that companies may be disguising taxable transactions as spinoffs to avoid paying taxes.
Industry Downturn Sinks Dry Bulk Shipper
Global Maritime Investments has filed Chapter 11 bankruptcy due to decade-low charter rates for its ships.
Anheuser-Busch InBev Mulling for SABMiller
A merger of the two companies would create a brewing behemoth but could face antitrust hurdles in the U.S.
Finding Qualified Job Candidates Getting Tougher
Nearly half of CFOs and others who responded to an AICPA survey said competition for good candidates has increased.
Consumer Prices Signal Disinflation Trend
The Consumer Price Index falls 0.1% in August, highlighting the interest-rate dilemma facing the Federal Reserve.
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