Corporate Finance

Finance Roundup for Executives

Be informed, get involved, and shape the world through finance. Here's today's CFO roundup.
Kerry MarunaDecember 7, 2015

What’s Going on in Finance Today from CFO

 

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.

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.

CFO has the financial news you may have missed. Get the details in the CFO roundup.

 

CFOs on the Move: Week Ending December 4

Dollar General, Encyclopaedia Brittanica, CEC Entertainment, Warren Resources, AK Steel, TCF Financial, Performance Sports, WhiteWave Foods, Checkpoint

Joan Urdang

 

Kinder Morgan Can’t Escape $100M Judgment

Investors in a master limited partnership were shortchanged when the partnership overpaid in a natural gas pipeline deal.

Matthew Heller

 

Metric of the Month: How Financial People Spend Their Time

Regardless of company size, about half of finance teams’ time is spent on transaction processing.

Mary C. Driscoll

 

Strong Jobs Report Makes Rate Hike Likely

The gain of 211,000 jobs in November should remove “the final doubts” that the Fed will raise rates this month.

Katie Kuehner-Hebert

 

CFO’s Mission, Possible: Widen Sales Sights

Process-automation software developer Nintex, which serves users of Microsoft platforms, is hunting for new “ecosystems” to conquer.

David McCann

 

Executives Down on Growth Prospects for 2016

Those polled by AICPA expect lower revenue and profit growth next year, reflecting rising concern about economic conditions and domestic competition.

Katie Kuehner-Hebert

 

J. Crew Names Retail Veterans as New CFO

Michael Nicholson takes over as finance chief as the retailer works to correct operational missteps that have hurt sales.

Katie Kuehner-Hebert

 

Congress Revives Ex-Im Bank for 4 Years

The Senate’s vote to renew the bank’s charter ends a battle over its future that pitted GOP conservatives against business groups.

Matthew Heller

 

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