After posting a third-quarter loss, J. Crew Group has appointed retail veteran Michael J. Nicholson as its new CFO, filling a position that has been vacant for nearly a year. Since Stuart Haselden stepped down in January to join Lulemon, Joan Durkin has been serving as acting CFO at J. Crew. Nicholson, most recently CFO at Ann Taylor, will take over Jan. 11. Read more.
Kinder Morgan must pay the bulk of a $171 million award to former unitholders of a master limited partnership that the pipeline operator acquired last year, a Delaware judge has ruled. The merger did not deprive the unitholders of standing to sue over a 2011 “fall dropdown” deal in which El Paso Corp. sold two natural gas subsidiaries to the partnership, El Paso Pipeline Partners, Vice Chancellor J. Travis Laster said. Read more.
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Investors in a master limited partnership were shortchanged when the partnership overpaid in a natural gas pipeline deal.
Regardless of company size, about half of finance teams’ time is spent on transaction processing.
The gain of 211,000 jobs in November should remove “the final doubts” that the Fed will raise rates this month.
Process-automation software developer Nintex, which serves users of Microsoft platforms, is hunting for new “ecosystems” to conquer.
Those polled by AICPA expect lower revenue and profit growth next year, reflecting rising concern about economic conditions and domestic competition.
Michael Nicholson takes over as finance chief as the retailer works to correct operational missteps that have hurt sales.
The Senate’s vote to renew the bank’s charter ends a battle over its future that pitted GOP conservatives against business groups.
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