What’s Going on in Finance Today…

 

Out with the old and in with the new – according to a new survey from the Association for Finance Professionals, it costs much less to use electronic payment methods as opposed to using checks. We will see how this plays out as two out of three finance professionals would convert to electronic payment over physical checks if the savings are 10% or greater.

In a move to create what they call an “enterprise solutions powerhouse,” Dell offers to buy EMC for $67 billion. The acquisition will help Dell diversify during a stagnant PC market by embarking in the emerging market of data storage.

For the first time in eight years the output of U.S. oil may decline come 2016. In their October report, OPEC predicts a drop in daily oil output by 280,000 barrels. More on these stories and others below, here’s your CFO roundup…

 

Electronic Payments 10 Times Cheaper Than Checks

A new survey appears to support the cost-saving case for businesses to shift from check to ACH and other forms of electronic payment.

>> Matthew Heller

 

Revisiting Company Stock in Defined Contribution Plans

Over-allocation to company stock by plan participants poses risks for them, and also for the plan sponsor.

>> Mark Teborek

 

Dell Offers to Buy  EMC for $67B

Dell would pay $24.05 per share in cash and would also give EMC shareholders a special stock that tracks EMC’s economic interest in VMware.

>> Katie Kuehner-Hebert

 

U.S. Oil Output To Decline in 2016, OPEC Says

OPEC appears to have calculated correctly that increasing its production in response to falling oil prices would force out high-cost U.S. producers.

>> Katie Kuehner-Hebert

 

Ryder Reduces Earnings Outlook for 2015

The company’s move reflects an elevated level of out-of-service fleet vehicles and lower-than-expected sales of used power vehicles.

>> Matthew Heller

 

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