What’s Going on in Finance from CFO
Retail “disrupter” Amazon is on fire, and its stock could jump 19% next year after more than doubling during 2015, according to analysts at Pacific Crest, which started covering the company’s stock this week. “Amazon continues to innovate at a high rate, and we believe it is embedding itself into the shopping habits of consumers globally,” the analysts said in a Pacific Crest report obtained by MarketWatch.
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Verizon Communications may consider buying Yahoo’s core business, which includes Yahoo Mail, its news and sports sites, and its advertising technology, Verizon CFO Fran Shammo said on Monday. “If we see there is a strategic fit and it makes sense for our shareholders and we can return value, we’ll look at it, but at this point it’s way too premature to talk about,” Shammo said, according to Reuters.
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Get your finance with CFO, enjoy today’s roundup.
Miner Anglo American to Dump Assets Slash Workforce
Plunging commodity prices spark the radical restructuring.
Amazon Stock to Keep Surging after Banner 2015: Analyst
After more than doubling during 2015, Amazon stock may leap by 19% next year, Pacific Crest analysts say.
GE Calls off $3 Billion Sale of Appliance Unit
Antitrust regulators had sued to block the sale to Sweden’s Electrolux, saying it would harm millions of consumers.
Why Tax Planning Should Be Melded with Strategy
Integrating tax planning early on in strategic planning can help a company boost its cash flow.
Mitchell R. Kops and Jill Kelley, Contributors
Is Verizon Interest in Yahoo Internet Business?
CFO Fran Shammo says Verizon will look into it if there’s a strategic fit and value can be added.
Analyst Questions Petrobras’ Hedge Accounting
If the Brazilian oil company continues to use hedge accounting, its earnings could be “significantly depressed” until 2025, Deutsche Bank analyst says.
EU’s Financial Transactions Tax Moves Ahead
Ten countries agree to some aspects of the tax; Estonia holds out.
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