Accounting & Tax
Credit & Capital
Risk & Compliance
Rolls-Royce to Raise $6.5B to Ease Cash Crunch
The U.K. engineering company “has been driven to the fundraising by the worst crisis to hit the aviation industry."
SAP to Buy Customer Engagement Platform Emarsys
The deal comes as the company is spinning off Qualtrics.
Three Former Manitex Execs Charged With Fraud
Former CFO Michael Schneider and two colleagues allegedly engaged in schemes that resulted in the crane maker’s revenue and profit being overstated.
Credit & Capital
Banks Wary of Fed’s Main Street Loan Program
Loan officers cited the financial condition of borrowers and overly restrictive terms for not approving loans under the key pandemic relief plan.
Pension Funds Allege Allianz Mismanaged Assets
Allianz Global Investors is facing six lawsuits after liquidating the hedge funds in question in March.
Kroll Fined $2M for Violating Credit-Rating Rules
The SEC says Kroll failed to comply with rules for determining the ratings of commercial mortgage-backed securities and CLO Combo Notes.
Ransomware Hackers Hit UHS Hospital Chain
The attack on Universal Health Services left doctors and nurses scrambling to render care, with computers replaced by pen and paper.
Ex-Amazon Employee Accused of Insider Trading
The manager in Amazon's tax department allegedly made illegal trades with two family members ahead of the company's earnings announcements.
Interface, ex-CFO Fined $5M for Inflating Earnings
The SEC says the carpet maker adjusted its accounting when its forecasts indicated it would likely fall far short of analysts' earnings estimates.
Biotech Exec Charged With COVID Test Fraud
The SEC says Arrayit President Mark Schena falsely claimed the company had developed a test and it was awaiting emergency FDA approval.
Costco Posts 11.4% Same-Store Sales Increase
The big-box retailer continued to benefit from shoppers stocking up on everything from food to patio furniture.
Ant Group Launches Cross-Border Trade Platform
"We look forward to making cross-border trading safer, more reliable, and more efficient for buyers and sellers."
Get the latest news from the CFO
Updated daily and weekly