WMC Mortgage sought bankruptcy protection to resolve remaining legal liabilities over defective loans it originated before the 2008 financial crisis.
The company expects its turnaround strategy to yield "significantly better" performance after a "reset" year in 2019.
Acquisitions are a zero-sum game: both buyer and seller need to feel they are getting a good deal. Unfortunately, buyers usually pay too much.
Large companies saw three quarters of strong gains for their chronically underfunded plans almost wiped out by the late-year stock market nosedive.
The $21 billion sale to Danaher is a "pivotal milestone" in GE's plan to reduce debt and strengthen its balance sheet, CEO Larry Culp says.
In the latest deal under the professional services firm's "insourcing" managed-service strategy, most of Synchrony's tax department is now on its payroll.
The downsizing from a 12-story tower to two renovated warehouses marks another retreat from the ambitions of former CEO Jeff Immelt.
Beating earnings estimates quarter after quarter doesn't have much to do with long-term shareholder value.
Here are CFO editors’ picks for the best accounting stories this year.
The struggling conglomerate took the biggest impairment charge in almost a decade, causing the SEC to widen its investigation of GE's accounting practices.
Technological advancement also promises huge strides for many industries but perhaps a dire fate for others, a futurist tells accountants and auditors.
The company's new CEO says an overhaul of the struggling power business is among his immediate priorities.
