Corporate Finance: Page 135
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Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Technology Firms: Frothy.com
In December 15 years ago the dotcom crash was a few weeks away. Veterans of that fiasco may notice some familiar warning signs this festive season. Bankers and lawyers are being priced out of office space in downtown San Francisco; all of the space in eight tower blocks being built has been taken...
By Economist Staff • Dec. 22, 2014 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending Dec. 19
Kim Williams Kim Williams has been selected to lead the finance function at Warner Bros. Entertainment, effective Jan. 15. She will take over from Ed Romano, who has been promoted to vice chairman. Formerly, Williams was finance chief at Core Media Group, CFO of the National Football League and c...
By Joan Urdang • Dec. 19, 2014 -
Explore the Trendline➔
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TrendlineTop 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 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Is Interest in Private Benefits Exchanges Moderating?
The growth of interest in private health-benefits exchanges may be flattening out, judging by data from the Private Exchange Evaluation Collaborative (PEEC), an initiative of four regional corporate health-care coalitions and PricewaterhouseCoopers.In a recent survey of 446 employers of all sizes...
By David McCann • Dec. 19, 2014 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Business Groups Welcome Obama’s Historic Cuba Move
U.S. business leaders appear to be lining up behind President Barack Obama’s historic move to normalize relations with Cuba, but the plan to erase one of the last vestiges of the Cold War is running into heavy resistance in Congress.Vowing to “cut loose the shackles of the past,” Obama announced ...
By Matthew Heller • Dec. 19, 2014 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Avon: ‘Door-to-Door Influence Peddling’
Employees of Avon Products in China plied government officials with their own merchandise, Gucci bags, Tiffany pens and corporate box seats to a tennis tournament, U.S. authorities said in announcing the company had agreed to pay $135 million to settle corruption investigations.The gift-giving wa...
By Matthew Heller • Dec. 18, 2014 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Fed Says It Will Be ‘Patient’ in Raising Rates
The U.S. Federal Reserve is continuing to edge its way toward an interest rake hike next year, saying it it will wait patiently for the right time to make its much-anticipated move.In remarks by Fed Chair Janet Yellen and a statement issued by the Fed’s policy-making committee Wednesday, the cent...
By Matthew Heller • Dec. 18, 2014 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Senate Fails to Extend Terrorism Risk Insurance
A bill to extend a U.S. government program that covers part of insurance companies’ losses from terrorist attacks has died in the Senate, casting doubt over the future of terrorism insurance.With the Senate not acting, the Terrorism Risk Insurance Act will expire December 31 and can only be renew...
By Matthew Heller • Dec. 17, 2014 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Express Scripts’ Smith Steps Down as CFO
Pharmacy benefit manager Express Scripts Holding Co. announced that CFO Cathy R. Smith has stepped down after only 11 months on the job and will be replaced on an interim basis by James M. Havel, formerly the finance chief at Major Brands Holdings.Smith is leaving Express Scripts to pursue other ...
By Matthew Heller • Dec. 16, 2014 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
How Finance, Operations Set Up Key Risk Indicators at Con Ed
The 2008 global financial crisis exposed a risk management challenge with consequences far beyond just the practices of big banks. The root causes and, ultimately the costs, of the Great Recession stemmed from a much broader set of risks than finance was accustomed to measuring. Financial models ...
By Richard Muzikar and Robert Hoglund • Dec. 16, 2014 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
The Paradox of Plenty
The principles of aligned supply and demand in economics are pretty inflexible. If something is scarce its free market price will rise. If it’s abundant, the price will fall. If the price rises too far, innovators will bring lower cost alternatives to the market. If the price falls too far (and t...
By John Parkinson • Dec. 16, 2014 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Instruments Maker Paid Off China Officials: SEC
Scientific instruments maker Bruker Corp. has agreed to pay $2.4 million to settle U.S. Securities and Exchange Commission allegations that it made improper payments to Chinese government officials as part of an effort to win business.The payments made by employees in the China offices of four Br...
By Matthew Heller • Dec. 15, 2014 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Techs Squeeze in Listings Before the Holidays
Last week saw the greatest number of tech IPOs for a week since 2000, but they weren’t all warmly embraced.Three tech companies had very strong debuts, recording “first-day pops” of more than 40%: Hortonworks, LendingClub and New Relic, according to IPO ETF manager Renaissance Capital. Fast-growi...
By Vincent Ryan • Dec. 15, 2014 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Home Restoration Firm Put Investor Money in Options to Stay Alfoat
The U.S. Securities and Exchange Commission on Friday charged the owner of a home restoration business with selling millions of dollars in unsecured notes to investors without disclosing, among other things, that he was investing their money in a stock market he had told them was “dangerously vol...
By Matthew Heller • Dec. 12, 2014 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending Dec. 12
Kenneth Bedingfield Northrop Grumman has promoted vice president of finance Kenneth Bedingfield to CFO, effective after the company files its annual report for 2014 in February. He will take over for James Palmer, who will remain a corporate vice president until his retirement in the summer of 20...
By Joan Urdang • Dec. 12, 2014 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Revenue Recognition Changes Could Spur SEC Fraud Probes
Throughout 2014, the Securities and Exchange Commission has signaled an increased focus on financial reporting fraud in general and revenue recognition in particular. In October, SEC Chair Mary Jo White said the SEC has seen a “significant jump” of more than 20% in enforcement actions in the area...
By Shauna Watson and Nicolas Morgan • Dec. 12, 2014 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Wal-Mart Found China Operation ‘Out of Control’
A Wal-Mart internal review found that questionable accounting and unauthorized sales practices masked problems at its stores in China, making business appear strong even as retail transactions slowed and unsold inventory piled up, Bloomberg reports.The retail giant caught many by surprise in Augu...
By Matthew Heller • Dec. 11, 2014 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Millennials A Mixed Blessing for Employers: Outlook Survey
CFOs prize the technological savvy and creativity of the millennial generation but believe millennials present unique employment challenges including an attitude of entitlement, the latest Duke University/CFO survey has found.Those born between 1982 and 1993 already account for about one-third of...
By Matthew Heller • Dec. 11, 2014 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
OPEC Cuts Demand Forecast But Keeps Production Targets
The Organization of Petroleum Exporting Countries (OPEC) said Wednesday it expected global demand for its crude oil to fall next year to the lowest level in more than a decade, citing expanding output from U.S. shale producers.The price of Brent crude, the international benchmark, plunged as much...
By Matthew Heller • Dec. 10, 2014 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Out of Place
Are you wasting money, resources and customer goodwill because of an outdated implementation of “place” in your business processes?Let me explain.Much of my work on a day to day basis involves some form of secondary research or information gathering – in both technology topics and business strate...
By John Parkinson • Dec. 10, 2014 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
OECD Links Income Inequality to Weaker Growth
The widening income gap is the single biggest impediment to economic growth, according to a report by the Organisation for Economic Cooperation and Development that urges policymakers to be more concerned about the “vulnerable lower-middle classes.”There is clearly a a “long-term trend toward hig...
By Matthew Heller • Dec. 10, 2014 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Amazon Vents Over Delayed Drone Tests
Amazon appears to be getting fed up with the U.S. government’s delay in approving its request to begin testing a drone-delivery service outdoors.The e-commerce giant applied in July for an exemption from the Federal Aviation Administration’s ban on outdoor testing of drones. Its Prime Air service...
By Matthew Heller • Dec. 9, 2014 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
401(k) Plans Investing Like Hedge Funds
Retirement plans that offer target-date funds are increasingly using hedge-fund type strategies to protect themselves against downside risk, Reuters reports.Target-date funds, which allow savers to invest based on their expected retirement year, account for a growing share of U.S. retirement plan...
By Matthew Heller • Dec. 9, 2014 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Shale Oil: In a Bind
This year’s Christmas parade in Lindsay, in the heart of Oklahoma’s oil country, featured the Stars and Stripes every 10 yards, 11 horses with riders in Santa hats and a rifle salute by veterans. But the highlight was a thundering, bright red oil tanker covered in fairy lights and owned by Hamm &...
By Economist Staff • Dec. 9, 2014 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Regulators Crack Down on Auditor Independence Violators
The U.S. Securities and Exchange Commission announced Monday it had sanctioned eight audit firms for using information provided by brokerage firms during audits when they prepared the same clients’ financial statements.By violating auditor independence rules, the SEC noted in a news release, the ...
By Matthew Heller • Dec. 8, 2014 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
SEC Commissioner Praises “Bad Actor” Waiver
A regulatory waiver that allows Bank of America to continue selling shares in hedge funds and other private offerings is a “breakthrough” in the way the U.S. Securities and Exchange Commission handles “bad actors,” according to a commission member.Under the SEC’s “bad actor” rule, BofA faced a fi...
By Matthew Heller • Dec. 5, 2014
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