CFO’s Daily Roundup of every article published on August 17, 2015…
Glencore Seen Taking More Debt-Cutting Steps
Analysts say the commodity supplier needs to cut net debt by almost half to $16 billion by the end of next year to retain its credit rating.
Tax Inversions: All My Bags Are Packed
Corporate America’s tax-driven exodus continues.
Target Promotes Mulligan; Smith Returns to Fill CFO Spot
John Mulligan moves into the newly created chief operating officer position and will be replaced as CFO by Cathy R. Smith.
KKR’s Energy Play Planning Chapter 11 Filing
The downfall of Samson Resources will wipe out the $4.1 billion in cash that private-equity firms led by KKR invested in the oil and gas producer.
Citigroup Settles Fund Fraud Case for $180M
The SEC alleged two Citigroup affiliates duped investors by claiming that hedge funds were safe, low-risk, and “bond substitutes.”
Risk Governance Improving at Big Banks
Moody’s survey shows the largest global banks are beefing up their risk governance practices to comply with tougher international standards.
Kohl’s Loses Bid to Stop Exec From Taking New Job
A Wisconsin judge rules Kohl’s didn’t prove that Janet Schalk’s move to Hudson’s Bay posed a direct competitive threat.
[contextly_auto_sidebar id=”K4lCDDHC8e04SU7LcZ9v4bm5rgseWXGz”]
