Corporate Finance

Finance Roundup for Executives

Be informed, get involved, and shape the world through finance.
Kerry MarunaJanuary 12, 2016

The Latest in Finance from CFO

Dublin-based Shire said Monday it would buy U.S.-based Baxalta for $32 billion in a merger of rare disease drug makers that will catapult the two midsize companies into the same league as Bristol-Myers Squibb.

The companies said they were confident the merger would not run afoul of U.S. laws that prohibit tax-free spinoffs from being used as a “device” to funnel cash to shareholders. Baxalta spun out from parent Baxter International in July. 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.

With quarterly earnings calls a routine corporate ritual, it’s imperative not to let the cat out of the bag. That may be easier said than done. How can top management guard against unintentionally revealing potentially damaging inside information in the course of responding to analyst and investor queries?

An obvious way is through scripting — anticipating questions that may be troublesome and preparing answers that will yield no hint of problems ahead. But new research raises red flags regarding this practice for both managers and investors. Read more.

 

Self-Driving Cars Less Prone to Crashes

Researchers from Virginia Tech found self-driving cars had lower rates of severe and less severe crashes than conventional vehicles.

Matthew Heller

 

The ‘Need-to-Knows’ of Enterprise Performance Management

A list of EPM essentials any organization looking to make a change should consider.

Kerry Maruna

 

Using Captives For Cyber Risk Management

If public insurance companies are finding it hard to underwrite cyber policies, how can a corporate-owned captive do it?

David M. Katz

 

Ireland’s Shire Buys Baxalta for $32 Billion

The drug maker says the deal will further its goal of “building the leading biotechnology company focused on rare diseases.”

Katie Kuehner-Hebert

 

How Scripted Should Your Earnings Calls Be?

A professor finds evidence that relying too heavily on scripting can depress stock performance.

David McCann

 

Charney Group Offers $300M for American Apparel

The former CEO and his investors say the offer is superior to the company’s reorganization plan, setting up a possible bankruptcy court showdown.

Katie Kuehner-Hebert

 

SEC to Increase Scrutiny of Mutual Funds

The agency is concerned about liquidity as a “market-wide risk” after the failure last year of a high-yield bond fund.

Katie Kuehner-Hebert

 

EU Finds Belgium ‘Excess-Profit’ Tax Break Illegal

The decision requires Belgium to recover about $762 million from at least 35 multinationals that benefited from the tax loophole.

Matthew Heller

 

Arch Joins Coal Industry’s Bankruptcy Parade

The No. 2 U.S. thermal coal miner cites depressed demand and regulatory hurdles for the latest in the industry’s Chapter 11 filings.

Matthew Heller

 

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