Corporate Finance

Finance Roundup for Executives

Be informed, get involved, and shape the world through finance. Here's today's CFO roundup.
Kerry MarunaDecember 3, 2015

What’s Going on in Finance from CFO

A major data breach at Target leaves the department store to pay over $39 million to MasterCard and other financial institutions. After paying $67 million to Visa card issuers in a similar incident earlier this year, Target faces shareholder lawsuits, among others involving both the FTC and state attorneys general. Find out the details here.

Can we expect a full employment rate in the private sector by the Summer of 2016? Apparently so, according to Mark Zandi of Moody’s Analytics. Job growth’s biggest jump in 5 months hit after the addition of 217,000 jobs last month. Get the full story here.

CFO offers stories from small businesses to major corporations, get your financial spectrum of knowledge here, in the CFO roundup.

A Better Way to Do Ecommerce

A Better Way to Do Ecommerce

Learn how Precision Medical leveraged OneWorld to cut the cost of billing in half and added $2.5M in annual revenue.

 

Big Banks Pledge to Cut Coal Industry Lending

Morgan Stanley and Wells Fargo commit to reducing credit exposures, but the coal industry is in decline anyway.

Matthew Heller

 

U.S. Productivity Up Slightly

Worker hours fell but output increased; real hourly compensation and labor costs rose.

Katie Kuehner-Hebert

 

Financial Risk Stays Concentrated

The 30 most systemically important global banks have combined exposures that exceed 75% of world GDP.

Vincent Ryan

 

Clearer Definition of a Business Called Boon for CFOs

FASB wants to narrow the definition of a business, making it easier for companies to report that they’re merely acquiring an asset.

David M. Katz 

 

JPMorgan Chase Partners With Online Lender

The banking giant gets access to On Deck’s technology platform for making small-dollar loans to small businesses.

Matthew Heller

 

Paycheck Bets in Temporary Staffing Growth

The acquisition of Advance Partners will allow Paychex to provide additional support to its staffing industry clients.

Katie Kuehner-Hebert

 

Job Growth Shows Biggest Jump in 5 Months

ADP reports a gain of 217,000 jobs last month, providing further evidence that the labor market is moving toward full employment.

Katie Kuehner-Hebert

 

Target to Pay $39M to Settle Data-Breach Claims

The settlement is with MasterCard and credit-card issuers seeking to hold Target liable for costs related to the 2013 breach.

Matthew Heller

 

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