Accounting & Tax
Credit & Capital
Risk & Compliance
Macy’s Shares Fall 13% on Big Earnings Miss
Same-store sales improved in the second quarter but profit was hit by heavy markdowns to clear unsold merchandise.
SEC Freezes Accounts of Digital Token Promoter
Regulators said Reginald Middleton and his firm Veritaseum failed to register and fraudulently sold ‘VERI’ tokens.
WeWork IPO Filing Reveals Massive Loss Last Year
The company lost more than $1.6 billion last year on just $1.8 billion in revenue.
CBS, Viacom to Reunite After 13 Years Apart
The reunification of Sumner Redstone's media empire will create "a world-class, multiplatform media organization," his daughter says.
Core CPI Rises 0.3% for Second Straight Month
The July inflation readings reduce "the chances that the U.S. central bank would cut rates by half a percentage point" in September.
Verizon Selling Tumblr to WordPress Owner
The blogging site was inherited as part of Verizon’s 2017 acquisition of Yahoo, which bought Tumblr in 2013 for $1 billion.
Rolls Royce Downgraded on Cash Flow Worries
The company said it has incurred charges dealing with faulty engines and preparing for a rough Brexit.
UPS Hires PepsiCo’s Brian Newman as CFO
“It is clearly a pivot for [UPS] to bring in new blood and new talent at a crucial time for the company."
Aramco Makes India Move With Reliance Stake
The world's biggest oil producer has agreed to buy 20% of Reliance Industries' chemicals and refining business in a deal valued at $15 billion.
Trinity Merger and Broadmark to Merge
The combined company will create a commercial mortgage REIT with an expected equity value of $1.5 billion.
BlackRock Buys 30% Stake in Owner of Sports Illustrated, Nautica
The deal values the brand management company at about $4 billion.
Mattel Shares Tank on Whistleblower Disclosure
The toy maker says it canceled a $250 million bond offering after receiving an "anonymous whistleblower letter."
Get the latest news from the CFO
Updated daily and weekly