China’s economic slowdown and the global slump in oil prices is squashing the confidence of chief executives.
Just 27% of CEOs expect global economic growth to improve over the next 12 months, compared with 37% at the same time last year, according to PwC’s Annual Global CEOsurvey released in Davos, Switzerland, on the eve of the World Economic Forum.
The U.S. Supreme Court has agreed to hear a California case that could clarify the legal standard for proving liability for insider trading.
Attorneys for Bassam Salman are hoping to convince the court he was wrongfully convicted for an insider trading scheme involving members of his extended family. He allegedly traded on confidential information from his future brother-in-law, then a member of Citigroup’s health care investment banking group.
‘Unless the key transitions in the world economy are successfully navigated, global growth could be derailed,’ said the IMF’s chief economist.
Podcasts are gaining audience, but have yet to attract the biggest advertisers.
The stock falls 5% despite stronger-than-expected growth in cloud computing and other businesses IBM hopes will fuel a turnaround.
The $5.1 billion settlement of charges related to the sale of mortgage-backed securities contributed to a 65% drop in fourth-quarter profit.
Only 27% of CEOs polled by PwC expect global economic growth to improve over the next 12 months and two-thirds see more threats to their businesses.
The issue facing the court in a California case is how to apply the “personal benefit” test for determining insider trading liability.
Find great financial resources in the CFO library.