What’s Going on in Finance Today…
After a two year relationship, Expedia buys Texas-based alternative vacation provider HomeAway for $3.9 billion. Expedia has been listing HomeAway vacation properties since 2014, the company expects “growth and industry leadership” for years to come, says HomeAway chief executive Brian Sharples. Get the details below or get started here.
After nine long years of litigation, Boeing pays settlement of $57 million in class action lawsuit over the bad investment options and excessive fees attributed in its current 401(k) plans. The size of Boeing’s retirement plan is second only to IBM, with $44 billion in employee retirement savings. Want to know more? Scroll down or click here.
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But First…the Finance Win and Fail of the Day
21-year old Jason Pelts managed to invest $1,500 and turn it into a $1 million portfolio. The college senior, still living at home, predicted patterns in the market and bought stock early. This finance win of the day is brought to you by moneymorning.com. Click here to see how Pelts did it.
Whole Foods‘ quarterly sales have dropped for the first time since 2009, and third time since 2000. They may be getting muscled out by competing grocery providers such as Walmart, Costco, Amazon and in the near future, maybe even Target. Furthermore, Whole Foods’ overpricing on some products have had a negative impact on sales. This finance fail of the day is brought to you by fortune.com. Click here to get the Whole Foods story.
The no-fee retirement account is intended as a starter option for the millions of Americans without a 401(k) or other employer-sponsored savings plan.
The deal for HomeAway, a publicly traded provider of vacation rentals, puts Expedia in direct competition with Airbnb.
Can’t get the math to work on a prospective deal? You might need to reassess your hurdle rate.
The new rules will shift some of the burden of auditing and dividing up the tax liabilities among partners from the IRS to the partnership itself.
A slight rise in output and a fall in hours worked lead to productivity gains in the third quarter.
Nearly one third of respondents said that they could not fill positions because they could not find qualified applicants, says the NFIB.
After a three-week trial, a Manhattan jury found the pair guilty of multiple counts of conspiracy and wire fraud.
Boeing denied the allegations but has made a number of changes to its plan, including replacing mutual funds with lower-cost investment options.
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