U.S. Spending On Health Care to Be Less Than ACA Estimated

The United States is on track to spend $2.6 trillion less on health care between 2014 and 2019, compared with initial projections made right after the 2010 passage of the Affordable Care Act, according to an Urban Institute study released Monday.Declines in spending in those four years on Medicar...

By Katie Kuehner-Hebert • June 21, 2016

Supreme Court Throws Out EU’s RICO Lawsuit

The U.S. Supreme Court on Monday dismissed a lawsuit filed by the European Union that claimed Reynolds American was violating the Racketeer Influenced and Corrupt Organizations Act (RICO) by selling cigarettes in Europe through organized crime groups.Under the alleged scheme, drug traffickers smu...

By Katie Kuehner-Hebert • June 20, 2016

Explore the Trendline➔

Top 5 stories from CFO.com

From CPA licensure changes to undergoing a digital transformation, these are the most popular stories CFOs are reading. 

By CFO.com staff

Dell Software Group Sold

Private-equity firm Francisco Partners and hedge fund Elliott Management on Monday said they would buy Dell’s software group for an undisclosed price, as the Round Rock, Texas-based computer giant continues to shed assets while focusing on its deal for storage vendor EMC.The buyers said that the ...

By Katie Kuehner-Hebert • June 20, 2016

Mitsubishi’s Mileage Scandal Costs Reach $624M

Mitsubishi Motors expects to book an extraordinary loss of about 50 billion yen ($480 million) in the current fiscal year due to compensation payments to customers for its overstatement of mileage readings.Drivers of four minicar models for which Mitsubishi manipulated fuel-efficiency numbers wil...

By Katie Kuehner-Hebert • June 17, 2016

Consumer Prices Rise for Third Straight Month

Higher energy costs and the biggest increase in shelter costs in nine years kept U.S. consumer prices inching upward in May.The Labor Department reported Thursday that the consumer-price index increased a seasonally adjusted 0.2% in May from the prior month. It was the third straight monthly rise...

By Matthew Heller • June 17, 2016

What’s Your Move? The Big Consideration for Data Security

The debate over whether it’s safer to keep company data close to home or with a cloud provider needs to go beyond the “where” and shine a spotlight on the “who.” Who has access to your data and what protocol do they follow?Pat Voll, vice president, RoseRyan Ultimately, you are responsible for the...

By Pat Voll • June 17, 2016

Samsung Takes to the Cloud with Joyent Deal

Samsung on Thursday said it would buy Joyent, a Sausalito, Calif.-based cloud services provider, to support the Seoul, Korea electronics firm’s growing lineup of mobile, internet of things, and cloud-based software and services.As part of the deal, Joyent’s chief executive, Scott Hammond; its chi...

By Katie Kuehner-Hebert • June 16, 2016

Brexit Could Put A Serious Dent In Global Economy

Brexit could put a serious dent not only in the United Kingdom’s economy, but also global financial markets, the Bank of England said Thursday.In its monthly report that officials had voted unanimously to maintain benchmark interest rate at 0.5%, the U.K. central bank said that if next Thursday’s...

By Katie Kuehner-Hebert • June 16, 2016

Red Robin’s CFO to Move to Iron Mountain

Storage and information management company Iron Mountain on Wednesday said Roderick Day is stepping down as CFO and named former Red Robin finance chief Stuart Brown as his replacement.Day, 52, joined Boston-based Iron Mountain in 2008, serving as CFO since November 2013. The company said he was ...

By Katie Kuehner-Hebert • June 15, 2016

Small Business Optimism: ‘No Real Enthusiasm’

U.S. small businesses have “no real enthusiasm” for capital spending, boosting inventories, or expanding their enterprises, according to the National Federation of Independent Business’ monthly survey of about 700 small business owners.The trade group’s so-called Index of Small Business Optimism ...

By Katie Kuehner-Hebert • June 14, 2016

Ex-Delta Trader Fined for Commodities Manipulation

A former Delta Air Lines fuel trader has been sanctioned for manipulating the commodities markets to make $2.8 million in profits for himself from the airline’s fuel orders.A notice of disciplinary action filed Monday against Jon Ruggles by CME Group, which owns the New York Mercantile Exchange, ...

By Matthew Heller • June 14, 2016

The CFO’s Dilemma: Collaborate or Compete?

A friend of mine recently underwent a major medical procedure. Understandably, he wanted to make sure he’d get the best treatment possible and so he researched and met a number of surgeons until he found the right one for him. Well-published, highly experienced, and respected by her peers, the su...

By Dr. Ian Stewart • June 14, 2016

The Era of the Well-Rounded CFO

Despite the fact that the global business landscape continues to change rapidly and become more challenging in many ways, there has never been a better time to be a chief financial officer.Four major disruptive changes in the past several years have coalesced to create an environment in which CFO...

By Jim Moylan • June 13, 2016

CFOs on the Move: Week Ending June 10

Design house Coach said that CFO Jane Nielsen is leaving the company. Coach is undertaking a search for candidates to succeed Nielsen, who is expected to depart in August.Patrick McClymont Patrick McClymont has been chosen to lead the finance function at IMAX, effective Aug. 8. McClymont, who rep...

By Joan Urdang • June 10, 2016

World Bank Calls Global Growth Rate “Insipid”

The World Bank has downgraded its global economic forecast for 2016 to the same “insipid” growth rate as last year, citing sluggish growth in advanced economies, low commodity prices, weak global trade, and diminishing capital flows.In its latest Global Economics Report, the bank predicts 2.4% gr...

By Matthew Heller • June 10, 2016

PC Shipments Falling with a Thud

Worldwide shipments of personal computers are expected to fall by 7.3% year over year in 2016, as consumers try to save money by relying on other devices or free upgrades, according to an updated forecast from the IDC’s Worldwide Quarterly PC Tracker released Thursday.Growth in 2016 shipments is ...

By Katie Kuehner-Hebert • June 9, 2016

Morgan Stanley Fined $1M Over Data Breach

The U.S. Securities and Exchange Commission has fined Morgan Stanley $1 million for failing to properly safeguard client information, enabling a then-employee to transfer data to his home computer, which was ultimately hacked by third parties.Between 2011 and 2014, former client services associat...

By Matthew Heller • June 9, 2016

Wholesale Inventories Post Largest Increase in 10 Months

The economy could get a needed boost in the coming months, as U.S. wholesale inventories recorded their largest increase in 10 months in April, the Commerce Department said Thursday.Wholesale inventories rose 0.6% to $587.9 billion in April, compared with the 0.1% rise that economists polled by R...

By Katie Kuehner-Hebert • June 9, 2016

Are Your Customers Being Served?

Excellence in post-sales service can be a boon to a company’s attempts to bolster the bottom line and support business growth. These are key findings of a recent CFO Research survey of 126 senior finance executives at U.S. firms with revenues greater than $100 million, sponsored by OnProcess Tech...

By David W. Owens • June 9, 2016

Shake It Off

In the summer, music from parks, passing cars, and backyard barbecues fills the air. Of course, today, the guitar solo in Sweet Child O’Mine is more likely to be emanating from a Bluetooth speaker connected to an iPhone. Despite the recorded music industry’s struggles, it has proven to be supreme...

By CFO Editorial Staff • June 9, 2016

Ex-IEC Electronics Execs ‘Pumped Up’ Profits

Two former IEC Electronics executives have settled charges that they used false inventory accounting to meet the company’s profit targets.The U.S. Securities and Exchange Commission on Wednesday said Donald Doody, IEC’s former vice president of operations, and Ronald Years, the former controller ...

By Katie Kuehner-Hebert • June 9, 2016

The 2016 CFO Readers’ Choice Awards

[slide_content]Accounting Firm — Big FourDeloitte LLPThe biggest of the Big Four is Deloitte, the U.S. member firm of U.K.-based Deloitte Touche Tohmatsu Ltd., with domestic revenue of $16.1 billion in 2015. Just over half of that came from audit and enterprise risk, advisory, and tax services, w...

By Edward Teach • June 8, 2016

Vision Quest

When it comes to CFOs and strategy, everything old is new again.The appearance of the “strategic CFO” can be traced back more than two decades. Asked by CFO in 1994 what qualities finance chiefs should have, CEOs said that strategic thinking topped the list. Five years later, in our survey of 500...

By Edward Teach • June 8, 2016

Amazon’s India Investment Rises To $5 Billion

Amazon is investing an additional $3 billion in services for India to capitalize on the rapid growth of e-commerce in that country, bringing its total ante to $5 billion.“We have already created some 45,000 jobs in India and continue to see huge potential in the Indian economy,” the firm’s chief ...

By Katie Kuehner-Hebert • June 8, 2016

No More Teachers, No More Summer Jobs?

The summer surge in teen employment got off to a weak start as the number of 16- to 19-year-olds added to the workforce in May declined for the second consecutive year, according to a new report.Outplacement firm Challenger, Gray & Christmas said its analysis of Bureau of Labor Statistics dat...

By Matthew Heller • June 8, 2016