What’s Going on in Finance Today…
Apple is growing to the tune of 1,000 new jobs in Ireland. CEO Tim Cook reassures that the European Union ruling over Apple’s tax arrangements will not affect Apple’s growth. This expansion makes Apple the largest private sector employer in Cork, Ireland. Read more on this story here, or scroll down to the link.
More news on fantasy sports in NY. It’s illegal gambling, says NY’s attorney general. Citizens of NY state are no longer permitted to use the sites FanDuel or DraftKings. The fantasy football providers will take a major hit from the loss of NY users. Get the details in the link below or get started here.
CFO.com provides news and resources that finance professionals find invaluable. If you need a friend in finance, find it in us. Here’s today’s roundup.
But First, Today’s Financial Win and Fail
Will the Sand Diego Chargers and the Oakland Raiders be playing in the L.A. market in 2016? Could be true, Disney CEO Robert Iger oversaw the building of a new stadium in Carson, California. This could mean a new market for both teams as early as next season. Get the full story behind today’s finance win of the day, courtesy of sports.yahoo.com.
Rolls-Royce shares are down 20% after fourth profit warning of the year. The British engine maker blames China’s economic slow down, Brazil and south-east Asia’s lack in demand of corporate jets, and slumping oil prices that effect RR’s energy customers. Could there be more bad news in the future for Rolls-Royce? Find out in today’s finance fail of the day provided by theguardian.com.
Burger giant’s CEO says the structure would “put future value at risk.”
The $178 million transaction continues Kroger’s strategy of acquiring regional supermarket chains to further growth.
What will CFOs be spending their time on next year? Preserving margins and sustaining or improving earnings performance top the list, says Protiviti.
>> Vincent Ryan
Senior finance executives are pushing back against restatements that could cost them incentive pay.
CEO TIm Cook affirms Apple’s commitment to Ireland, where the company is expanding its Cork campus to accommodate a growing workforce.
The drug-testing lab’s reorganization plan would reduce its obligations under a 2014 credit agreement to $600 million from $1.75 billion.
The SEC alleges a former TPG Capital employee tipped his cousin off to pending health-care deals involving the private-equity firm.
The state’s attorney general says daily fantasy games offered by DraftKings and FanDuel “easily meet the definition of gambling.”
The CFO whitepaper library has the financial resources CFOs need to stay ahead in the ever-evolving world of finance. As the role of the CFO changes, so does the need for exclusive and accurate insights into what’s coming next, get them here.