News

Credit

Equipment Finance Borrowings Jump 4% in March

“We are starting to see pent-up demand for goods and services leading to expanded capital budgets for equipment to produce it."

Matthew Heller
April 23, 2021
Mobile

Apple, Google Take Flak Over App Platforms

A witness at a Senate hearing compared the companies' control over their platforms to the "behavior of the robber barons."
People

Boeing CFO Smith to Retire After 10 Years

The 30-year Boeing veteran helped guide the company through the twin crises of the 737 Max grounding and the coronavirus pandemic.
Regulation

Ex-Goldman Analyst Barred for Insider Trading

FINRA says Brian Maguire traded shares in two companies after learning that a colleague was upgrading his recommendation on the firms.
The Economy

Business Inventories Increase 0.5% in February

February’s gain in the GDP component, which was in line with economists’ expectations, followed a 0.4% advance in January.
Human Capital Management

Uber to Switch to ‘Hybrid’ Work Model in September

The combination of in-person and remote work "will give people the freedom to do their best work while staying connected to their colleagues."
The Cloud

Tipalti Buys Approve.com to Boost AP Automation

Tipalti said the deal would enable it to offer automation of the entire accounts payable cycle from procurement through to payment.
Regulation

House OKs Bill to Make Weed Banking Legal

The law is "an important step" toward allowing banks to serve legal cannabis and cannabis-related businesses.
The Economy

U.S. Budget Gap Jumps to $660B in March

Spending on coronavirus relief has "sent the federal debt soaring to levels not seen since the end of World War II as a proportion of the economy."
M&A

Microsoft Buys Nuance in $16B Health Care Cloud Bet

The acquisition of the provider of digital tools for health care processes advances Microsoft's industry-specific cloud strategy.
People

Raytheon Names Neil Mitchill as New CFO

Mitchill, a former United Technologies executive, replaced Toby O'Brien, who stepped down after six years as finance chief.
Legal

Florida Sues to Lift Ban on U.S. Cruise Sailings

“We don’t believe the federal government has the right to mothball a major industry for over a year, based on very little evidence and very little data."
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