Corporate Finance

Finance Roundup for Executives

Be informed, get involved, and shape the world through finance.
Kerry MarunaFebruary 25, 2016

Standout Stories

Special Report on cyber risk…

When President Obama signed the Cybersecurity Information Sharing Act of 2015 late last year, the outlines of a new, highly complex relationship among corporations and federal and state governments began to emerge around the issue of how the public and private sectors would interact to manage cyber risk.

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.

As “Share and Share Alike,” the lead article in CFO’s special report on managing cyber risk notes, the notion that corporations should band together and share information about threats to their networks is nothing new. The advantage in terms of speed in catching black hats if companies tip each other off is obvious. In fact, companies have been alerting each other within industry groups since 1998, operating under the wing of the federal government as Information Sharing and Analysis Centers (ISACs).

…read full article

Powa Technologies goes bankrupt…

Powa Technologies, an e-commerce startup that was once valued at $2.7 billion, has entered bankruptcy after failing to win customers for its mobile payments products and never achieving profitability.

Most of Powa’s U.K. staff of 90 was laid off on Monday by Deloitte, which was appointed bankruptcy administrator last week. The company went into bankruptcy after Wellington Management, its lead investor, called in its loans.

…read full article

CFO LOGOHeadlines

 

U.S. Bank Profits Climb 11.9% to $40.8B

“There are signs of growing credit risk, particularly among loans related to energy and agriculture,” said the FDIC’s chairman.

 

Special Report: Managing Cyber Risk

Although a brave new world of corporate sharing of cyber threat information is arising, there are still concerns about government involvement.

 

A Tool to Build a Cyber Defense

Finance chiefs need to understand the relationship between cyber threats and the investments needed to mitigate them.

 

Financial Regulators Have Cyber on Their Minds

This year, expect regulators to hold financial-services companies accountable for their cybersecurity failings.

 

Share and Share Alike

A new law could enable companies and the government to share data about cyber threats without compromising privacy.

 

Online Sales Fuel 1.9% Growth at Target

The retailer posted a 34% increase in digital sales but holiday-season promotions aimed at driving that growth cut into profits.

 

Moody’s Downgrades Brazil’s Debt to Junk

The downgrade brings Moody’s in line with other rating agencies concerned about Brazil’s creditworthiness amid its worst recession in decades.

 

BlackBerry Makes Another Bet on Services

The acquisition of U.K. consultancy Encription will add to BlackBerry’s cybersecurity business as it continues to pivot away from smartphones.

 

Etsy Stock Climbs 7% as Q4 Sales Hit $88M

The better-than-expected revenue cheered some investors but Wall Street is skeptical that the company can sustain growth in 2016.

 

Former U.K. Tech Darling Powa Goes Bankrupt

The e-commerce startup was once valued at $2.7 billion but couldn’t find customers for its mobile payments products.

 

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