What’s Going on In Finance Today…
U.S. companies have been hacked by individuals linked to the Chinese government. Five in the technology sector, two pharmaceutical. The first attack occurred only two days after Presidents from both countries agreed that cyber attacks against foreign companies would not be condoned. More on this story below, or click here.
After six straight quarters of stagnant or falling profits, McDonald‘s has a great turnaround third quarter. “The companies key initiatives are paying off,” says R.J. Hottovy, Morningstar Analyst. The company can once again compete with rivals and cut-back on caged birds (chicken) raised on antibiotics, over the next ten years. Get the details in the link below or by clicking here.
Is October a historically bad month for the stock market? Test your knowledge with our October market downturn quiz. Get started in the link below or click here.
Don’t you agree that the best stories and content for finance professionals should come from finance professionals? That’s why CFO.com is the best place for your financial news and insights. Check out our compelling stories on human capital, growth companies, technology, strategy and much more. We strive to bring you the information you need to be the most informed. Here’s today’s CFO roundup…
Kabbage’s venture with ING Groep in Spain aims to get capital to every small business “that needs it and can handle it.”
While respondents to a quarterly survey continue to be concerned about defaults, the outlook for credit spreads is decidedly mixed.
Study shows demographic, salary, and cost data for enrollees in the mid-career study programs.
>> David McCann
At least seven U.S. companies have been hit by hackers linked to the Chinese government since the U.S.-China deal was launched, a security firm claims.
U.S. sales grew for the first time since 2013, increasing 0.9%.
The lender said it would also explore strategic alternatives for its $10 billion commercial air business and sell its CIT Canada and CIT China businesses.
Caterpillar also cut its outlook for the remainder of 2015.
Just two years after a massive reorganization, Dow says it may sell one struggling unit and exit two joint ventures.
“Establishing margin requirements for non-cleared swaps is one of the most important reforms of the Dodd-Frank Act,” said the FDIC chair.
How well do you know the history of stock market crashes?
>> CFO Staff
Third-quarter results from the Duke/CFO Business Outlook Survey show executives’ optimism flagging.
Seeking a Glide Path
Finance executives are working to bring their companies’ pension funds to a safe landing, according to a new study.
Practically everything you need to know about choosing a 401(k) plan provider.
>> David McCann
Amazon Web Services accounted for about 8% of total revenue but nearly half of the company’s total profits.
Alvogen, Novelis, Carpenter Technology, PG&E, Ducommun, Springleaf Holdings, Seagate Technology, Under Armour, MYR Group, Goodman Networks
>> Joan Urdang
With startups staying private longer, Nasdaq has been looking for ways to help them raise capital and manage secondary transactions.
A survey of finance professionals finds two in five never discuss their career path with their manager.
A regulator says new guidance will prevent companies from “gaming the rules to deny shareowners the right to vote on critical reforms.”
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