The Latest in Finance from CFO
Standard & Poor’s negative outlooks on global companies now exceed positive ones by the worst margin —11% — since the 2008-09 financial crisis.
The ratings agency said Tuesday that 17% of debt-issuing companies were on negative credit watch at the end of 2015, outnumbering the number of companies on positive credit watch by a ratio of three-to-one. Read more.
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Federal officials have cited Amazon for failing to report at least 26 work-related illnesses and injuries at a New Jersey warehouse and recommended that it address other safety concerns.
The citation stems from a July inspection of Amazon’s Robbinsville, N.J., fulfillment center by the Occupational Safety and Health Administration. The company also received ergonomic- and medical-related hazard letters. Read more.
Amazon Cited Over Workplace Injury Reporting
The online giant failed to properly record occupational illnesses and injuries at a New Jersey warehouse, says OSHA.
Room Rentals vs. Hotels: Buffett’s Revenge
Services like Airbnb are altering the economics of the hotel business.
MetLife Plans Separation of U.S. Retail Business
MetLife’s “bold move” could set a precedent for other “systemically important” insurers seeking to avoid higher capital requirements.
CEO Exits Reach 6-Month High in December
Total CEO turnover fell 9% in 2015 while tenure at the largest companies has increased nearly a full year since 2005.
New Lease Standards May Demand Two Sets of Books
The just released IASB lease accounting standard and its forthcoming FASB counterpart call for different expense accounting methods.
Corporate Ratings Outlook Worst Since Crisis
There were three times as many debt-issuing companies on negative credit watch as on positive at the end of 2015, S&P says.
Feds Move to Curb Real Estate Secrecy
The anti-money laundering action means buyers of high-end property in Manhattan and Miami can no longer hide behind shell companies.
Fraud Analyst Found Liable for Insider Trading
A jury finds the proprietary sales data that a former Capital One employee used to trade in retail stocks was “material.”
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