Corporate Finance: Page 21
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Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Virgin Orbit Announces Space SPAC Deal
Space is the next frontier for SPACs, with Sir Richard Branson’s Virgin Orbit announcing a deal on Monday in which Boeing will be an investor.The satellite-launching startup said its merger with NextGen Acquisition will raise up to $483 million in new capital, including $100 million private inves...
By Matthew Heller • Aug. 23, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Two PCAOB Members Resigning
And then there was one. On Monday, two of the three remaining members of the Public Company Accounting Oversight Board announced their resignations, concluding their very brief tenures at the auditing industry’s overseer.Rebekah Goshorn Jurata and Megan Zietsman released a joint statement saying ...
By Vincent Ryan • Aug. 23, 2021 -
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.
Coinbase Amasses $4B War Chest
Major U.S. crypto exchange Coinbase has stockpiled $4 billion in cash in preparation for a period of extended business risks.“We want to ensure that we maintain those cash reserves so that we can continue to invest and continue to grow our products and services in the event that we go into a cryp...
By Vincent Ryan • Aug. 19, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Meme Stock Phenomenon Presents Opportunities for CFOs
In a few words before the House Committee on Financial Services in mid-May, Gary Gensler, chair of the Securities and Exchange Commission, captured the amazement and anxiety gripping U.S. stock markets.“A stock that went from $20 to $480 and back down to $40, all in a matter of weeks, opened at $...
By Vincent Ryan • Aug. 19, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Walmart Is Hiring a Digital Currency and Cryptocurrency Product Lead
Multinational retail giant Walmart is looking to hire a cryptocurrency expert to manage its digital currency strategy.According to a new job posting on the company’s website, the person who fills the role of Walmart’s “Digital Currency and Cryptocurrency Product Lead” will be responsible for deve...
By Vincent Ryan • Aug. 18, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Materiality Question Dogs SEC’s ESG Disclosure Project
By the time the Securities and Exchange Commission closed the comment period on the proposal to expand climate risk disclosures, it had received more than 400 responses. Many commenters advocated for a robust assessment and reporting framework for environmental, social, and governance (ESG) risks...
By Vincent Ryan • Aug. 17, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Weather Catastrophes Drive Near-Record Insured Losses
Global insured losses from natural catastrophes surged in the first half of 2021 to $42 billion, the second-highest amount since 2011.The preliminary estimate from Zurich-based reinsurer Swiss Re attributed the high loss total to winter storms, intense heatwaves, and severe flooding across the wo...
By Vincent Ryan • Aug. 13, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Heading for the SPAC Finish Line
Regulatory risks for special-purpose acquisition companies (SPACs) are growing. Shareholder lawsuits against SPACs are proliferating. And the post-deal performance of some SPACs is unspectacular.Still, SPAC deals move toward completion. Sometimes, though, the merger part of the transaction requir...
By Vincent Ryan • Aug. 11, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Equifax to Acquire Appriss Insights For $1.8B
Equifax has agreed to acquire Appriss Insights, a portfolio company of Clearlake Capital Group, L.P., and Insight Partners, that provides data used in public and workplace safety, law enforcement, fraud detection and prevention, and health care credentialing. The deal is valued at about $1.8 bill...
By Vincent Ryan • Aug. 10, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Steering Clear of Ponzi Schemes
Ponzi schemes, named after the infamous swindler Charles Ponzi, have been around for more than a century. Yet, despite their age, these schemes show no sign of slowing down. In fact, headlines announcing the latest attempts to perpetrate these frauds still regularly fill the news cycle. And feder...
By Vincent Ryan • Aug. 10, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
A Small Business CFO’s Practical Approach to New Technologies
Large companies are firmly embracing robotic process automation (RPA), leveraging sophisticated data analytics and visualization tools, and exploring the use of blockchain and other new technologies. The media say small and medium-sized enterprises (SMEs) must also proactively embrace these new t...
By Steve McNally • Aug. 9, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Impossible Foods Names New CFO
David Borecky Impossible Foods interim chief financial officer, David Borecky, has been promoted to finance chief as the plant-based meat maker prepares for rapid growth and a potential IPO.Borecky, who joined the company in 2019 as chief accounting officer and served as interim CFO for six month...
By Lauren Muskett • Aug. 9, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Qualcomm Vs. Magna For Automotive Chipmaker Veoneer
The race to buy automotive chipmaker Veoneer is heating up following the entry of Qualcomm into the fray.Qualcomm, a manufacturer of wireless chips for smartphones, announced Thursday it has placed a bid to buy Veoneer for $37 per share in cash.This represents a total equity value of $4.6 billion...
By Vincent Ryan • Aug. 5, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
CFO Q&A: Power Surge
By 2030, say some, one-third of all passenger cars on the road will be fueled by electricity rather than gasoline or diesel. But it will take a lot more than vague commitments from automakers and political statements to meet that target. One of the components to the wholesale change will have to ...
By Vincent Ryan • Aug. 4, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
An S&P 500 Buyback Boom Could Be Just Around The Corner
Analysts are expecting S&P 500 earnings to surge 40.7% in 2021 off of extremely easy pandemic comps. On Tuesday, DataTrek Research co-founder Nicholas Colas said one of the impacts of that burst of earnings growth will likely be a huge increase in S&P 500 share buybacks.The Numbers: Befor...
By Vincent Ryan • Aug. 3, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Metric of the Month: How Far Off Is Your Sales Forecast?
Sales forecasting is a discipline that any strong finance team will want to master. It’s especially important in industries where the majority of operating costs are fixed. When it’s reliable and accurate, the sales forecast can help leaders manage staffing levels, production schedules, capital e...
By Perry D. Wiggins • Aug. 3, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Banks Ease C&I, Residential Lending Standards
U.S. banks reported easing standards across all loan types in the second quarter amid strong demand from both commercial and residential borrowers.The Federal Reserve’s quarterly survey of senior loan officers found that significant net shares of banks reported easing the terms on C&I loans t...
By Matthew Heller • Aug. 3, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Is A ‘Massive Wave Of Bankruptcies’ Just Around the Corner?
The U.S. economy is steadily recovering from the pandemic, and more than $6 trillion in government stimulus appears to have prevented a worst-case economic catastrophe. The SPDR S&P 500 ETF has even nearly doubled from its pandemic lows in March 2020.However, Stansberry Research editor Mike D...
By Vincent Ryan • July 30, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
How Data and Analytics Can Unlock Profit in Cost Centers
No one would ever mistake the corporate tax or in-house legal departments for profit centers. But, while these functions may exist to prevent companies from losing money unnecessarily – and they are indeed incentivized to find efficiencies along the way – they do not drive income in the tradition...
By Vincent Ryan • July 29, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Robinhood Raises $2B Ahead of Market Debut
Robinhood priced its much-anticipated IPO at the low end of its target range, valuing the investing platform at $32 billion ahead of its market debut.Robinhood will start trading Thursday on the Nasdaq after selling 52.4 million shares to IPO investors at $38 apiece, raising close to $2 billion. ...
By Matthew Heller • July 29, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
CFOs Need to Prioritize Employees’ Mental Health
The future of work. It’s a top-of-mind topic for every executive in America, and for great reason: Businesses are at an inflection point, and many employees are anxious about what the future holds. But let’s be honest: Workers are worried about much more than the office. Just think about all they...
By Mike Monahan • July 26, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Tandy Leather Fined for Faulty Inventory Tracking
Tandy Leather Factory and its former CEO have been charged with using a faulty inventory tracking system, resulting in inaccurate information being included in its financial statements.According to the U.S. Securities and Exchange Commission, the limitations of the tracking system at the world’s ...
By Matthew Heller • July 21, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
A Question of Coverage: Business Interruption Claims
Businesses that lost employees to illness or were forced by state governments to close their doors for weeks or months during the COVID-19 pandemic thought their insurance payouts would cushion the financial blow.But, for a year-and-a-half, business policyholders and their insurers have been embr...
By Karen Epper Hoffman • July 21, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
CFOs: Higher Input Costs Will Persist
While the White House and the Federal Reserve describe U.S. inflation risks as “transitory,” data from the CFO Survey by Duke University and the Federal Reserve Bank of Richmond paints a different picture. Finance chiefs expect the large increases to their input costs that they are suffering to l...
By Vincent Ryan • July 19, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
CFOs On the Move: Week Ending July 16
Rebecca Chambers Genomic diagnostics company Veracyte named Rebecca Chambers as its new CFO. Chambers was most recently chief financial officer for medical technology company Outset Medical. Before that, she worked at Illumina, where she served in several finance roles, including vice president o...
By Lauren Muskett • July 16, 2021
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