News

The Economy

U.S. Home Refinancing Reaches Three-Year High

A sharp drop in mortgage rates is sending homeowners to their lenders to lower monthly payments.

Debra Wallace
August 21, 2019
Capital Markets

Ratings Service for Digital Offerings Charged by SEC

Russia-based ICO Rating failed to disclose that its "ratings" of initial coin offerings were actually paid promotions.
People

Series of Leadership Changes at General Mills; CFO to Retire

Among the changes, CFO Don Mulligan will retire and be replaced by finance executive Kofi Bruce.
Leadership

America’s CEOs Pledge to Rethink Corporate Priorities

“These modernized principles reflect the business community’s unwavering commitment to continue to push for an economy that serves all Americans.”
Fraud

Kraft Settles Futures Market Manipulation Case

The company allegedly made more than $5 million in profits and savings from improper wheat futures trading.
Fraud

SEC Charges 1 Global CFO in Fraud Scheme

Regulators said Alan Heide was part of a scheme to fraudulently raise investor funds.
Governance

Burford Capital CEO’s Wife Steps Down as CFO

Elizabeth O'Connell is taking another job at the litigation finance firm amid investor concerns over her independence.
People

Citrix Hires Arlen Shenkman as CFO

He joins the company from SAP, where he held financial and business development roles critical to the software maker’s cloud transformation.
The Economy

Retail Sales Jump Counters Recession Fears

Sales increased 0.7% in July, "a reassuring sign for a U.S. economy that’s facing mounting hurdles."
Global Business

Germany’s Economy Shrinks as Exports Struggle

The country is feeling the effects of trade conflicts and global uncertainty.
Cybersecurity

Microsoft Finds Four Security Flaws in Windows 10

If exploited, the flaws can be used to launch a computer worm to attack vulnerable machines.
Technology

Cisco Warns of Soft Growth Amid Trade Tensions

“We definitely saw significant impact on our business in China as it relates to what's going on with the trade war right now."
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