Learn how Ubiquity Retirement + Savings switched from QuickBooks to NetSuite ERP and brought their close from 21 days to five.
The Bank of England said Friday that banks, building societies and investment firms in the U.K. would need to issue about $41 billion in new debt by 2020 to comply with European Union rules intended to reduce the need for bailouts.
The new rules, known as the minimum requirement for own funds and eligible liabilities (MREL), require European banks and other regulated financial institutions to maintain sufficient equity and other liabilities to absorb losses in a time of financial stress, according to the New York Times. The goal is to minimize risk for the overall financial system while protecting depositors. Read more.
Halliburton’s $35 billion acquisition of Baker Hughes is under threat from antitrust regulators in the U.S. and abroad amid concerns it will stifle competition in the oilfield-service industry.
Learn how Precision Medical leveraged OneWorld to cut the cost of billing in half and added $2.5M in annual revenue.
According to the Wall Street Journal, the U.S. Justice Department is questioning whether other companies could buy some of the assets that Halliburton and Baker Hughes would need to sell for the deal to pass regulatory muster and whether those companies could become credible rivals to the combined company. Read more.
CFO stories provide the details financial executives look for, get them in the roundup.
The total cost of the tax extenders package has been estimated at $700 billion or more over 10 years.
Marriott International, Yum! Brands, Allianz Life of North America, Santander Consumer USA, The Medicines Co., RigNet, Douglas Emmett Inc., Donaldson Co.
A mega-merger of equals combines two of corporate America’s oldest companies, which have been struggling with falling commodity prices.
With “digital sprints,” companies brainstorm digital initiatives that can drive supply chain enhancements.
Men’s Wearhouse’s missteps contributed to a 14% drop in same-store sales at Jos. A Bank for the third quarter, Fortune says.
The additional debt will go toward the financial cushion that banks must have to comply with new EU regulations.
The fast-growing industry has been facing increased scrutiny amid concerns over whether borrowers fully understand the terms of their loans.
The U.S. Justice Department reportedly is concerned over whether other oilfield-services companies will provide credible competition.
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