News

People

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.
Supply Chain

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.
Legal

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.
Mobile

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."
Regulation

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.”
Mobile

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.
Disclosure

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.
The Economy

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."
Financial Performance

Surprising Earnings Growth Seen for Fourth Quarter

"Upbeat fourth-quarter results would bolster expectations for a strong rebound in earnings in 2021."
Legal

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.
The Economy

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."
Analytics

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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