Startups are doing wonders for the cloud, unfortunately they may not last long themselves. China’s private sector credit has the S&P concerned for 2016. And, has Volkswagen been using software to cheat on their emissions testing? All this and much more in today’s CFO roundup…
Windstream Acts to Protect $1.2B Tax Asset
The telecom firm says its shareholders rights plan is not an anti-takeover defense but will preserve net operating loss carryforwards.
Audit Firms to Pay $318K Over Microcap Fraud
De Joya Griffith and M&K CPAS were accused of defectively auditing the financial statements of purported mining companies.
Data Center Software: Progress Without Profits
A flock of startups is making cloud computing faster and more flexible, but most of them will not survive.
Deals Demand Prior CFO Involvement in Data Security
With investors and potential acquirers focused on the protection of sensitive data and with brand equity at risk, finance chiefs can’t afford to sit idle.
>> Jessica Franken & Heather Buchta
S&P Sees Growing Risk to Chinese Banks
The ratings agency is concerned that private-sector credit in China could exceed 150% of gross domestic product by the end of 2016.
EPA Accuses VW of Cheating on Smog Tests
The agency says software installed in nearly half a million diesel cars enabled them to pass emission standards.
U.S. Home Resales Fall 4.8% in August
The dip in existing-home sales after three straight months of gains reflects inventory levels that were 1.7% lower than a year ago.
Class Action Filings, Market Cap Losses Stay Low
2015 is on course to tie for the fifth-lowest number of class action filings in the past 19 years, a new report says.
For more in-depth financial information check out CFO’s Whitepaper Library.
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