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Rolls-Royce Hires Former Deloitte Partner as CFO
Panos Kakoullis will join Rolls as it tries to weather the historic aerospace downturn resulting from the coronavirus pandemic.
White House Shows Concern Over Chip Shortage
The administration is "identifying potential choke points in the supply chain" amid a shortage that has impacted automobile production around the world.
Robinhood Faces Lawsuits Ahead of 2021 IPO
A user's suicide and the app's temporary restrictions on trading GameStop shares have generated numerous lawsuits.
Bumble Courts Wall St. With Increased IPO
"We believe there is a significant opportunity to extend our platform beyond online dating into healthy relationships across all areas of life."
SEC Urges Heightened Disclosure During Volatility
Companies should address “the effects of a potential ‘short squeeze’ due to a sudden increase in demand for your stock.”
Electronic Arts Goes Mobile With $2.4B Glu Buy
With the addition of Glu Mobile games such as “Kim Kardashian: Hollywood,” EA will double the size of its mobile business.
Clover Health Shares Rally After Short-Seller’s Report
Hindenburg Research faulted the insurer for not disclosing it was under investigation by the U.S. Department of Justice.
U.S. Factory Orders Climb 1.1% in December
Manufacturing has been driven by strong demand for factory goods "as 23.7% of the labor force works from home because of the COVID-19 pandemic."
Surprising Earnings Growth Seen for Fourth Quarter
"Upbeat fourth-quarter results would bolster expectations for a strong rebound in earnings in 2021."
Former WageWorks CFO, CEO Settle Accounting Case
Ex-CEO Joseph Jackson and ex-CFO Colm Callan allegedly made false statements that resulted in the improper recognition of $3.6 million in revenue.
Labor Cost Index Rises 0.7% in Fourth Quarter
“Overall, compensation costs are likely to remain subdued going forward, reflective of a high level of unemployment that will restrain wages."
Qualtrics Stock Jumps 52% in Market Debut
The SAP enterprise-software spinoff has benefited from the acceleration of the digital transition amid the coronavirus pandemic.
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