What’s Going on in Finance Today?

 

Check out the CFO ‘Metric of the Month’ as we take a look at internal audit cost. Will the SEC soon require all public companies to have an internal audit function? It certainly is a possibility if the Institute of Internal Auditors (IIA) has their way. Companies without an internal audit function fall short of complete governance, according to IIA CEO Richard Chambers. Get the details below, or click this link.

Ever use Jawbone or Fitbit fitness devices? The two companies have been going at it in court pretty hard. Has Fitbit started a “by-any-means-necessary campaign” to control the market? The plot thickens as these two duke it out, the scuffle starting in June over stolen employees and the alleged use of trade secrets. Read more here, or scroll to the link below.

CFO.com keeps you up-to-date and informed with the happenings in finance from the point of view of major executives in all types of industries. Get your information with us. Here’s today’s CFO roundup…

 

Fed Finds Little Change in Lending Conditions

Banks reported easing of credit card and auto loan standards, but in the commmercial and industrial loan segment reports of tightening were more frequent.

>> Matthew Heller

 

Activision Blizzard Buys King Digital for $5.9B

The combined company will have more than half a billion monthly active users, says Activision Blizzard CEO Robert Kotick.

>> Katie Kuehner-Hebert

 

Metric of the Month: Internal Audit Costs

While not all public companies have an internal audit function, the tide may soon be turning.

>> Mary C. Driscoll

 

CFO Perks Didn’t Perk Up in 2014

For a second straight year following a sharp drop in 2012, the median value of CFO perquisites was $24,900 among Fortune 500 companies.

>> David McCann

 

Sprint Posts Wider-Than-Expected Loss

Yet the company added postpaid mobile phone customers in the third quarter, the first time it has done that in two years.

>> Katie Kuehner-Hebert

 

S&P Puts Largest U.S. Banks On ‘Credit Watch Negative’

There is now a lower probability that the eight largest U.S. banks would be bailed out by the federal government in a crisis, says Standard & Poor’s.

>> Katie Kuehner-Hebert

 

Jawbone Strikes Back at Fitbit Patent Suit

The wearable fitness device-makers are waging war against each other in court.

>> Matthew Heller

 

PE Firm Fined $10M Over Disclosure Violations

Private equity firm Fenway Partners failed to disclose some of the fees a portfolio company paid to a consulting firm affiliate, according to the SEC.

>> Matthew Heller

 

Be informed with the best financial information for small business and large corporations alike. The CFO Whitepaper library has what you need.

[contextly_auto_sidebar id=”ZKYXIhNV5OrIE3PoP54ShcTHYuGKFlHJ”]

, ,

Leave a Reply

Your email address will not be published. Required fields are marked *