Accounting & Tax
Credit & Capital
Risk & Compliance
Philips Plans to IPO Lighting Unit
The proceeds of the spin-off will be used to “increase growth and drive profitability through ... disciplined capital allocation," the Dutch company said.
Blue Shield of California Loses Tax-Exempt Status
Blue Shield of California has a financial reserve of $4.2 billion — four times larger than what its national trade organization requires.
Yahoo Shutting Down Only Office in China
Since October, Yahoo has cut between 700 and 900 employees in locations including Bangalore, India, and Canada as part of Marissa Mayer's cost cuts.
Credit & Capital
Goldman’s BDC Raises $120M
The tax-advantaged specialty finance company will target middle-market companies with pre-tax earnings of $5 million to $75 million.
Moody’s May Upgrade Bank Debt Under New System
New elements of the methodology are designed to help determine how different creditor classes are likely to be treated when a bank fails.
Fed Still Biding Its Time on Interest Rate Hike
FOMC members also cut their median projections for the central bank's key interest rate to 0.625% for 2015 and 1.875% for 2016.
5 Keys to Managing Remote Workers
Number one: if you don't give remote workers the technology they really need, their productivity will suffer.
Bond Market Liquidity Precarious: BIS
A report by the Bank for International Settlements says bond market liquidity hinges on the actions of just a few fund managers.
House Unveils Budget Containing Steep Cuts
The proposed budget, which would reduce spending by $5.5 trillion in the next decade, will likely be opposed by many in the Senate.
Gender Balance Benefits Workplace, But Gap Remains
"Not only do men and women feel better when working together, but they also seem to perform better," found one researcher.
Fund Providers Look for a Way Around Money-Market Rules
Dissatisfied with new SEC rules, providers of prime money-market funds are thinking of offering alternatives that would be less heavily regulated.
Currency Surprises Hammer Earnings
A strong U.S. dollar and other currency swings are revealing companies' shortcomings in the area of identifying and quantifying foreign-exchange exposures.
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