Get a head start on finance with today’s roundup…
Wal-Mart headquarters cuts 450 employees claiming they want to focus primarily on e-commerce sales. JC Penney’s rids itself of pension plan liabilities by up to 35% through deal with Prudential. U.S. jobs in September rise by only 142k, leave Federal Reserve in doubt about interest-rate hike. And see which CFOs are on the move from last week. These stories and more right here in the CFO roundup…
IPO Activity Falls in Third Quarter
Total IPOs priced on U.S. exchanges lagged in the third quarter, dropping 41% over the same period in 2014.
CFOs on the Move: Week Ending October 2
AAR, WestRock, CyrusOne, Aspen Technology, Instacart, Farmer Brothers, Spartan Motors, Alliant Insurance Services, Oregon Department of Energy
>> David McCann
J.C. Penney Cuts Pension Plan Liability by Up to 35%
The retailer has completed a lump-sum offer to retirees and will annuitize other obligations through a deal with Prudential.
U.S. Adds Only 142,000 Jobs in September
The disappointing jobs report casts doubt on whether the Federal Reserve will proceed with an interest-rate hike this year.
Criteo and the Cost per Click
Keeping the display-ad company’s technology engine purring is the key challenge for finance chief Benoît Fouilland.
Experian Reveals Hack of T-Mobile Customer Data
Cyber thieves accessed information on 15 million consumers that T-Mobile provided Experian for credit checks.
Wal-Mart Lays Off 450 Workers at Akansas HQ
The retailer says it is aligning home office staff with its priorities of growing e-commerce sales and improving the shopping experience at its stores.
Merrill Can’t Ditch Suit Over Advice to Zale
A Delaware judge finds investors may sue Merrill for failing to disclose a potential conflict during Zale’s sale to Signet Jewelers.
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