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 to Offer Online Loans With Dutch Bank

Kabbage’s venture with ING Groep in Spain aims to get capital to every small business “that needs it and can handle it.”

>> Matthew Heller

 

Loan Managers See Rising Defaults in Next Year

While respondents to a quarterly survey continue to be concerned about defaults, the outlook for credit spreads is decidedly mixed.

>> Matthew Heller

 

Just Who Is Your Executive MBA Participant

Study shows demographic, salary, and cost data for enrollees in the mid-career study programs.

>> David McCann

 

Is China Hacker Deal Failing to Protect U.S. Companies

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.

>> David M. Katz

 

McDonald’s Q3 Profit Shows Turnaround Is Legit

U.S. sales grew for the first time since 2013, increasing 0.9%.

>> Katie Kuehner-Hebert

 

CIT Gets New CFO, CEO

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.

>> Katie Kuehner-Hebert

 

Caterpillar Misses Estimates, But Stock Rallies

Caterpillar also cut its outlook for the remainder of 2015.

>> Matthew Heller

 

Dow Chemical: More Restructuring to Come?

Just two years after a massive reorganization, Dow says it may sell one struggling unit and exit two joint ventures.

>> Katie Kuehner-Hebert

 

FDIC Adopts Final Rule on Collateral for Swaps

“Establishing margin requirements for non-cleared swaps is one of the most important reforms of the Dodd-Frank Act,” said the FDIC chair.

>> Matthew Heller

 

Red October

How well do you know the history of stock market crashes?

>> CFO Staff

 

A Turn for the Worse

Third-quarter results from the Duke/CFO Business Outlook Survey show executives’ optimism flagging.

>> David W. Owens

 

Seeking a Glide Path

Finance executives are working to bring their companies’ pension funds to a safe landing, according to a new study.

>> David W. Owens and Josh Hyatt, Contributors

 

401(k)s: Eye on Providers

Practically everything you need to know about choosing a 401(k) plan provider.

>> David McCann

 

Amazon Rides to Q3 Profit on Cloud Growth

Amazon Web Services accounted for about 8% of total revenue but nearly half of the company’s total profits.

>> Matthew Heller

 

CFOs on the Move: Week Ending Oct. 23

Alvogen, Novelis, Carpenter Technology, PG&E, Ducommun, Springleaf Holdings, Seagate Technology, Under Armour, MYR Group, Goodman Networks

>> Joan Urdang

 

Nasdaq Buys SecondMarket to Boost Pre-IPO Presence

With startups staying private longer, Nasdaq has been looking for ways to help them raise capital and manage secondary transactions.

>> Katie Kuehner-Hebert

 

Employees Want More Feedback on Their Future

A survey of finance professionals finds two in five never discuss their career path with their manager.

>> Katie Kuehner-Hebert

 

SEC Gives Boost to Investor in Proxy Battles

A regulator says new guidance will prevent companies from “gaming the rules to deny shareowners the right to vote on critical reforms.”

>> Matthew Heller

 

For more of the best information in finance, from major companies in-the-know, be sure to check out the CFO Whitepaper library by clicking here.


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