News

Human Capital Management

Uber to Switch to ‘Hybrid’ Work Model in September

The combination of in-person and remote work "will give people the freedom to do their best work while staying connected to their colleagues."
The Cloud

Tipalti Buys Approve.com to Boost AP Automation

Tipalti said the deal would enable it to offer automation of the entire accounts payable cycle from procurement through to payment.
The Economy

U.S. Budget Gap Jumps to $660B in March

Spending on coronavirus relief has "sent the federal debt soaring to levels not seen since the end of World War II as a proportion of the economy."
M&A

Microsoft Buys Nuance in $16B Health Care Cloud Bet

The acquisition of the provider of digital tools for health care processes advances Microsoft's industry-specific cloud strategy.
People

Raytheon Names Neil Mitchill as New CFO

Mitchill, a former United Technologies executive, replaced Toby O'Brien, who stepped down after six years as finance chief.
Legal

Florida Sues to Lift Ban on U.S. Cruise Sailings

“We don’t believe the federal government has the right to mothball a major industry for over a year, based on very little evidence and very little data."
Global Business

U.S. Adds Chinese Tech Firms to Export Blacklist

The Commerce Department says the companies were building supercomputers used by China for "destabilizing military modernization efforts."
The Economy

Pickup in CFO Optimism Continues in Q1

The growing optimism "is evident in the robust expectations firms have for revenue and employment growth in 2021," according to The CFO Survey.
People

Corteva Names Dave Anderson as New CFO

The appointment "signals that Corteva valued prior experience leading the finance organization for large companies over agriculture industry experience."
Auditing

CPA Charged With Violating Auditing Rules

Christopher Knauth allegedly performed an audit of a public company even though his firm was not registered with the PCAOB.
The Economy

Jobs Market Continues Surge With 916,000 Gain

With government relief checks and the accelerating vaccine rollout, "there is finally real light at the end of the tunnel."
Retirement Plans

JCPenney Offloads $2.8 Billion in Pension Liabilities

The transfer deal with annuities provider Athene Holdings will ensure that about 30,000 participants in JCPenney's pension plan continue to get benefits.
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