Corporate Finance

Finance Roundup for Executives

Be informed, get involved, and shape the world through finance.
Kerry MarunaJanuary 22, 2016

The Latest Headlines from CFO

Cybersecurity firm Symantec has agreed to accept a lower price for its Veritas data storage unit from Carlyle Group after debt backing the largest leveraged buyout of 2015 failed to attract enough investors.

The parties said in a joint statement that they amended the $8 billion deal “after uncertainties developed regarding the transaction.” Under the revised terms, the purchase price will be $7.4 billion, with a net consideration to Symantec of $7 billion.

Read: “Symantec Agrees to Accept $1B Less for Veritas”

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.

IBM on Thursday confirmed that it had acquired Ustream, a provider of cloud-based live video streaming services, to be part of a new cloud video services unit “to help enterprise clients unlock the value of video.”

The terms were not disclosed, though Fortune, which on Wednesday broke the news that the two companies were in deal talks, pegged the purchase price at $130 million.

Read: “IBM Forms New Cloud Video Unit”


KPMG Withdraws Audit Opinions on Regulator

The firm says the CFTC understated its lease obligations by about $212 million in 2014 and $194 million in 2015 because of an accounting error.

Matthew Heller


Foreign Banks Winnow China Portfolios

Lending to developing economies as a whole dropped $142 billion in the third quarter of 2015.

Katie Kuehner-Hebert


Introspection Leads Longtime Big Four Partner to CFO Role

“It was very important that I became more open about whether someplace else could be a better fit,” says first-time CFO Beth Schiavo after 23 years at EY.

David McCann


Currency Exchange Risks Worry Treasurers

Currency exchange volatility is a top fear among corporate finance professionals, according to the 2016 AFP risk study.

David M. Katz


IBM Forms New Cloud Video Unit

The acquisition of video streaming provider Ustream adds a fourth piece to IBM’s planned enterprise video offering.

Katie Kuehner-Hebert


Ocwen Fined $2M for Misstating Results

The mortgage lender was charged over its valuation of billions of dollars in mortgage servicing rights.

Matthew Heller


Walmart Raises Pay for 1.2 Million Workers

More than 1.2 million Walmart U.S. and Sam’s Club associates are slated to receive pay increases under the second phase of a program to invest in workers.

Katie Kuehner-Hebert


Symantec Agrees to Accept $1B Less for Veritas

The new agreement will boost the equity portion of the deal to 40% from 33%.

Matthew Heller


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