Corporate Finance: Page 120

  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Disney Sets Quarterly Earnings Record of $2.5B

    Walt Disney reported net income of $2.5 billion for the third quarter, setting a new quarterly record, but its shares dropped amid disappointment over revenue.Disney’s earnings of $1.45 a share beat analysts’ expectations for the 11th quarter running and were up 13% year over year. Wall Street wa...

    By Matthew Heller • Aug. 5, 2015
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    CFOs More Bullish About U.S. Economy

    CFOs of middle-market companies continue to become more confident about the U.S. economy, according to a Bank of America Merrill Lynch survey.On a 100-point index, with zero being extremely weak and 100 being extremely strong, CFOs gave the U.S. economy an average score of 63. In the previous sur...

    By Matthew Heller • Aug. 4, 2015
  • Businessperson talking to a group of people in a meeting a the office Explore the Trendline➔
    Image attribution tooltip
    Getty Images
    Image attribution tooltip
    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
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    PayPal Names John D. Rainey CFO

    PayPal on Tuesday said that John D. Rainey has been appointed chief financial officer, effective August 24. Rainey previously served as United Airlines’ CFO.“I couldn’t be more thrilled to welcome John to PayPal where he will undoubtedly make an immediate impact as we begin operating as an indepe...

    By Katie Kuehner-Hebert • Aug. 4, 2015
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Texas Man Accused of $114M Ponzi Scheme

    The U.S. Securities and Exchange Commission has charged a Houston-area businessman with operating a $114 million Ponzi scheme in which he promised annual returns of as much as 42% to victims who invested in a technology to prevent accidents caused by drowsy drivers.Frederick A. Voight, 58, raised...

    By Matthew Heller • Aug. 4, 2015
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    PIMCO Receives Wells Notice From the SEC

    Pacific Investment Management Company (Pimco) on Monday said it could be sued by the Securities and Exchange Commission for allegedly artificially boosting returns from its trading of certain mortgage bonds within its Pimco Total Return Active ETF, the Wall Street Journal reported.Pimco received ...

    By Katie Kuehner-Hebert • Aug. 4, 2015
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Major GPS Satellite Network Hackable?

    Major GPS satellite provider Globalstar allegedly doesn’t encrypt its network, leaving it vulnerable to hackers, according to an article in CNN Money Tuesday.Colby Moore, a researcher with Synack, a firm that specializes in exploitation discovery management, intercepted and decoded unencrypted da...

    By Katie Kuehner-Hebert • Aug. 4, 2015
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Store Sales Data Spark Sears Stock Slide

    Shares in Sears Holdings Corp. fell 10% in trading Monday after the struggling retailer announced a sharp decline in comparable store sales for the second quarter to date.Sears’ financials for the second quarter ended Aug. 2 are not due to be reported until Aug. 20 but, in a news release, it said...

    By Matthew Heller • Aug. 3, 2015
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    SEC Charges Canadian With Microcap Fraud

    The U.S. Securities and Exchange Commission has charged a Canadian citizen with orchestrating a securities fraud involving a microcap company whose market value soared to more than $6 billion before regulators suspended trading a year ago.Philip Thomas Kueber enlisted a small group of straw share...

    By Matthew Heller • Aug. 3, 2015
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    LinkedIn’s Losses Widen

    LinkedIn late Thursday posted strong second-quarter revenue, but investors were not pleased with the professional networking site operator’s widening losses and weaker annual forecast.Revenues at the Mountain View, Calif. company rose 33% from a year earlier, to $711.7 million, with revenue from ...

    By Katie Kuehner-Hebert • Aug. 3, 2015
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Labor Costs Stagnant

    Compensation costs for U.S. civilian workers, better known as the Employment Cost Index, rose a mere 0.2% in the second quarter — the smallest increase in 33 years, the Labor Department said Friday.Wages and salaries, which make up about 70% of compensation costs, were also little changed at 0.2%...

    By Katie Kuehner-Hebert • July 31, 2015
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Luxury Goods: Counterfeit.com

    The grand golden doors of 500 Pearl Street, in Manhattan, have welcomed such glamorous names as Hermès, Tiffany & Co., and Kering, a French conglomerate whose treasures include Gucci and Bottega Veneta. The building is not a posh hotel or department store. It is the federal court for the Sout...

    By Economist Staff • July 31, 2015
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    CFOs on the Move: Week Ending July 31

    Blackstone Group has appointed Michael Chae to head finance. He succeeds Laurence Tosi, who resigned to become CFO of Airbnb. Chae joined Blackstone in 1997 and is currently a senior managing director.Paul Dascoli has been named to lead the finance function at Serta Simmons Bedding, effective Aug...

    By Joan Urdang • July 31, 2015
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    SEC Charges CFO, CEO in Fraudulent Investor Scheme

    The Securities and Exchange Commission on Thursday charged two men and eight companies with defrauding more than 125 investors out of $8 million, in a scheme involving shares and promissory notes issued by the companies over more than seven years.The SEC’s complaint, filed in U.S. district court ...

    By Katie Kuehner-Hebert • July 30, 2015
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Second Quarter GDP Grows 2.3%

    U.S. gross domestic product grew in the second quarter on higher consumer spending, an uptick in exports and housing starts, and higher state and local government spending.Quarterly GDP rose 2.3%, following a 0.6% rise in the first quarter, the Commerce Department said Thursday. Economists on ave...

    By Katie Kuehner-Hebert • July 30, 2015
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Mastering Predictive Analytics

    CFOs are known for having analytical minds. But how do they apply that trait to capitalize on the vast amounts of customer and performance data now at their fingertips? Mastering “predictive analytics” — the practice of organizations extracting information from existing data sets in order to dete...

    By • July 30, 2015
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Mead Johnson Nutrition Settles FCPA Charges

    The Securities and Exchange Commission on Tuesday announced that Mead Johnson Nutrition had agreed to pay $12 million to settle charges that it paid Chinese government-owned hospital workers to recommend the company’s infant formula to patients who were new or expectant mothers.Employees in the c...

    By Katie Kuehner-Hebert • July 29, 2015
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Health-Care Spending to Rise 6% Annually

    Health-care spending will easily outpace the nation’s overall economic growth in the next decade, according to a report by government officials published Tuesday in the journal Health Affairs.The health share of U.S. gross domestic product is projected to rise from 17.4% in 2013 to 19.6% in 2024,...

    By Katie Kuehner-Hebert • July 29, 2015
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Twitter Execs Brutally Honest After Another Losing Quarter

    Twitter isn’t going to be growing anytime soon, its interim chief executive said Tuesday in the San Francisco company’s second-quarter earnings call.While the company posted $502 million in revenue due in part to showing more ads to each Twitter follower, it posted a loss of $136.7 million, or 21...

    By Katie Kuehner-Hebert • July 29, 2015
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    A New Kind of Enterprise Lures Banker to CFO Post

    Why would a longtime investment banker get out of that business and take up with a startup company as its CFO?Actually, it’s becoming fairly common for Wall Streeters to morph into corporate finance chiefs, particularly at technology companies. Unquestionably the biggest name is Ruth Porat, who l...

    By • July 29, 2015
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Homeownership Rates Lowest in Nearly 40 Years

    Homeownership rates are at their lowest in nearly forty years, as more people choose to rent, according to the U.S. Census Bureau.The U.S. homeownership rate was 63.4% second quarter, down from 63.7% in the previous three months, and the lowest reading since 1967. Meanwhile, the rental vacancy ra...

    By Katie Kuehner-Hebert • July 29, 2015
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Ford Posts Strong Profit; Aims to Act “Like A Startup”

    Ford Motor on Tuesday posted second-quarter profit that handily beat expectations, and its chief executive announced the giant is going to act “like a startup” innovator to better compete.The Dearborn, Mich., company posted net quarterly profit of $1.89 billion, or 47 cents per share. Analysts es...

    By Katie Kuehner-Hebert • July 28, 2015
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Destination Unknown

    Fed up with pay increasing only at a snail’s pace, politicians are resorting to the law instead, by increasing the minimum wages that businesses must pay. But this is taking them into uncharted territory.Britain’s recent minimum-wage increase will take it from the average among OECD countries to ...

    By Economist Staff • July 28, 2015
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Windows 10 Is Finally Here

    The tech industry is buzzing in anticipation of Tuesday’s midnight launch of Windows 10.“It’s kind of a big deal!” wrote The Verge. “The biggest sea change in PC software in nearly three years.”The rollout of the actual software will happen in stages, with Windows Insiders getting it first and th...

    By Katie Kuehner-Hebert • July 27, 2015
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Hoarders Once Again

    Many companies in the United States built short-term corporate cash balances at a far quicker pace during the second quarter of 2015, “signaling a significant softening in their business confidence,” according to the Association for Financial Professionals’ Corporate Cash Indicators®  survey. And...

    By • July 27, 2015
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Orders For Durable Goods Get a Lift

    New orders for manufactured durable goods in June increased 3.4%, to $235.3 billion, the Commerce Department reported Monday. The rise followed a 2.1% drop in May.Transportation equipment led the increase, rising 8.9% in June, to $78.4 billion, after two consecutive monthly decreases. Spiking tha...

    By Katie Kuehner-Hebert • July 27, 2015