Corporate Finance

Accounting and Finance Roundup for Executives

Take control of your finance with the company that knows it best, CFO's roundup has the insights you need.
Kerry MarunaOctober 12, 2015

What’s Going on in Finance Today…

 

More executive turnover at Walmart as CFO Charles Holley retires after 5 years. He will be replaced by Walmart’s internal finance chief, Brett Biggs. Standard Chartered, a U.K. based bank will be cutting 1,000 senior managers under CEO Bill Winters. And aluminum company Alcoa has seen a profit drop of 77% in their third quarter. All these stories and more in the CFO roundup…

Audit Fees for Public Companies Up 3.4%

SEC filers paid external auditors an average of $1.5 million in 2014, with the median fee coming in at $402,812.

A Better Way to Do Ecommerce

A Better Way to Do Ecommerce

Learn how Precision Medical leveraged OneWorld to cut the cost of billing in half and added $2.5M in annual revenue.

>> Matthew Heller

 

Navigating The Dangerous Waters of CFPB

What financial services firms can do to keep “the most powerful and least accountable federal agency in Washington” at bay.

>> Robert Long and Courtney Quirós, Contributors

 

CFOs on the Move: Week Ending Oct. 9

Xerox, TheStreet, J.G. Wentworth, VASCO Data Security, Allscripts, Infinity Property and Casualty, Bridgeport Education, Farmer Bros., Vereit, Accuray

>> Joan Urdang

 

Alcoa’s Profit Drops 77% in Third Quarter

The aluminum company’s results disappoint in the first reporting period since it announced it would split into two companies.

>> Matthew Heller

 

Fed Official Sees Rate Hike This Year as ‘Appropriate’

The Atlanta Fed’s president believes the economy is still on a “satisfactory track” and a “liftoff decision” on rates could come in October or December.

>> Katie Kuehner-Hebert

 

Wal-Mart CFO to Retire After 5 Years on Job

Walmart International CFO Brett Biggs will replace Charles Holley amid challenging times for the retailer, whose stock has fallen 22% this year.

>> Matthew Heller

 

Restructuring Gaining Steam at European Banks

Credit Suisse, Standard Chartered and Deutsche Bank are among the banks that are overhauling themselves after losing ground to U.S. banks.

>> Katie Kuehner-Hebert

 

Blackstone Buys BioMed REIT for $4.9B

The $23.75-per-share deal gives Blackstone access to office buildings that cater to life science tenants in major markets.

>> Katie Kuehner-Hebert

 

Standard Chartered to Cut 1,000 Senior Managers

Under new CEO Bill Winters, the U.K.-based bank has been streamlining operations amid a slumping share price and tighter regulation.

>> Matthew Heller

 

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