Corporate Finance: Page 41
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Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Democrats Release Coronavirus Relief Bill
Democrats in the U.S. House of Representatives have released their coronavirus relief bill and hope to bring it to a vote as early as Friday.The 1,800-page Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act includes nearly $1 trillion in relief for state and local governments a...
By Lauren Muskett • May 13, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Saving Midmarket, Closely Held Companies With Traditional Workouts
Going back in time, in the middle market business world of insolvency practice, honest hard-working owners of companies that were over-leveraged but financially viable had tools available for restructuring the business while maintaining ownership. This was done in bankruptcy through a plan of reo...
By Vincent Ryan • May 13, 2020 -
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.
JD.com Plans to Kickstart Hong Kong IPO
Following in the footsteps of its bigger rival Alibaba, JD.Com is planning to test the IPO waters in Hong Kong very soon, if reports are to be believed.Alibaba undertook a secondary listing of its shares in the Hong Kong market late last year, raising $12.9 billion in the process.JD.com Homebound...
By Vincent Ryan • May 12, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Survey: CFOs Double Down on Staff Cuts Amid Ongoing Disruption
The number of companies furloughing staff and cutting salaries could more than double between March and June, according to according to a Gartner survey of 161 finance executives.The survey found 11% of respondents reduced staff in March. Some 25% said they plan to make cuts in May and June.“CFOs...
By Lauren Muskett • May 12, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Amazon Releases AI-Based Enterprise Search Solution
On Monday, Amazon Web Services (AWS) launched Kendra, an enterprise search solution powered by machine learning.Kendra, which utilizes machine learning, will be useful for enterprises looking to index internal data sources and make them searchable. Users can deploy language queries and Kendra ret...
By Lauren Muskett • May 12, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Colombian Airline Avianca Files for Chapter 11
Colombian airline Avianca has filed for Chapter 11 bankruptcy in the U.S. Southern District of New York citing a drop of more than 80% in consolidated revenue as flights remain grounded due to the COVID-19 pandemic.In a statement, the company said it would use the bankruptcy to balance its sheet ...
By Lauren Muskett • May 11, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Understanding and Assessing Machine Learning Algorithms
This article is the third in a series of articles called, “Opening the Black Box: How to Assess Machine Learning Models.” The first piece, “What Kind of Problems Can Machine Learning Solve?” was published last October. The second piece, “Selecting and Preparing Data for Machine Learning Projects”...
By Chandu Chilakapati and Devin Rochford • May 8, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
CFOs On the Move: Week Ending May 8
Adam Townsend Adam Townsend is the new finance chief at Vizio. Before joining the consumer-electronics brand, Townsend served as chief financial officer at Showtime Networks. Before that, he held multiple roles at CBS, including executive vice president of corporate finance and investor relations...
By Lauren Muskett • May 8, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Zoom Buys Security Company Keybase
Zoom has acquired Keybase, a security and cryptography company, weeks after the teleconferencing platform faced a backlash over concerns about its privacypolicies.The companies did not disclose the price tag.In a blog post, Zoom called the acquisition, “another milestone” in its “90-day plan to f...
By Lauren Muskett • May 7, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Intelligent Automation: Getting More Bang from the Bots
From improving accounts receivable and tax preparation to tracking far-flung routers for telecom providers, automation is changing how companies operate and people work across a broad range of business processes. Automation has advanced to the extent that companies lacking an ambitious and rigoro...
By Vincent Ryan • May 7, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Fed Study Questions Paycheck Protection Loans
A study from two Federal Reserve economists has found that states hardest-hit by the coronavirus pandemic are being approved for payroll protection loans by the Small Business Administration at lower rates than less hard-hit areas.The study, from Haoyang Liu and Desi Volker of the Federal Reserve...
By Vincent Ryan • May 6, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Disclosures Amid COVID-19: “None of This Has Been Done Before”
A few weeks ago, New York’s Gov. Andrew Cuomo may have said it best in a press conference addressing the global uncertainty caused by COVID-19. In answering questions about how and when to reopen New York’s economy, the governor stated simply: “None of this has been done before. Anyone who says t...
By Vincent Ryan • May 6, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Hertz Reaches Forbearance Deal With Lenders
U.S. rental car company Hertz Global has reached a last-second agreement with creditors to avoid a possible bankruptcy.In a regulatory filing, the company said it has entered into forbearances and limited waivers with lenders and holders of its asset-backed vehicle debt. The agreements will give ...
By Lauren Muskett • May 5, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
J.Crew Files for Chapter 11
J.Crew Group has filed to begin Chapter 11 bankruptcy proceedings in federal bankruptcy court in the Eastern District of Virginia, saying it has reached a deal with its lenders to convert about $1.65 billion of debt into equity.The company, which operates the J.Crew and Madewell brands, is the fi...
By Lauren Muskett • May 4, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Metric of the Month: Days Sales Outstanding
As the economic impacts of COVID-19 continue to unfold in the United States and around the world, many organizations face hard decisions. For example, a recent survey of finance executives by CFO found that 50% of organizations are scaling back or delaying investments right now, while 35% are lay...
By Perry D. Wiggins • May 4, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Retailers: Your Lenders Are Watching You
Many borrowers already have drawn down much or all of their available credit line in order to have the liquidity to ride out the COVID-19 pandemic. Other borrowers are contemplating doing the same.It may be too late. Lenders have begun to restrict such borrowings. Most loan documents have a provi...
By Lauren Muskett • May 4, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
ICANN Rejects Move to Privatize .Org Domain
The Internet Corporation for Assigned Names and Numbers (ICANN), the non-profit organization that oversees the internet’s domain name system, has blocked a proposal to sell the .org domain to private equity firm Ethos Capital for more than $1 billion.The .org domain registry is run by the Public ...
By Lauren Muskett • May 1, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Boeing Raises $25B In Debt Offering, Says No Longer Needs Federal Aid
The Boeing Company on Thursday said it no longer requires federal aid to weather through the novel coronavirus (COVID-19) pandemic.The troubled aircraft maker has instead raised $25 billion in a bond offering.“We’re pleased with the response to our bond offering today, which is one of several ste...
By Vincent Ryan • May 1, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
CFOs On the Move: Week Ending May 1
Gustavo Arnal Gustavo Arnal will become CFO at Bed Bath & Beyond on May 4. Arnal joins the retailer from Avon, where he was group chief financial officer. Before that, he was CFO of international divisions and global functions at Walgreens Boots Alliance. He has previously served in senior po...
By Lauren Muskett • May 1, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Fed Expands Main Street Lending Program
The. U.S. Federal Reserve said it is expanding the scope of its Main Street lending program to permit more applications and expand the kinds of loans available.Under the new rules, businesses with as many as 15,000 workers and revenue of up to $5 billion will be able to apply. The previous limit,...
By Lauren Muskett • April 30, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
How to Prepare Your Workplace for Employees to Return
Until there is a vaccine or treatment for COVID-19, it’s clear that workplaces, particularly dense offices in major cities, will have to make some changes for employees to return. This need to adjust the office environment for employee safety comes at a time when budgets are straining under a rec...
By Anthony Amenta • April 29, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Not Every Financially Distressed Company Should Turn to Chapter 11
Given the current crisis, many businesses, large and small, are struggling to stay afloat. A number of high-profile businesses have filed for bankruptcy protection in recent weeks, and a massive wave of Chapter 11 filings is almost certain to crash in the coming months. From retail to energy, hos...
By David G. Dragich • April 29, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Apple iPhone Sales Spike in China
Apple’s move to cut prices on the iPhone 11 in China and the release of budget iPhone SE could give the company an advantage over rivals as consumer electronics companies face plummeting demand related to the coronavirus pandemic.Sales of Apple’s iPhone were up 21% in China last month compared wi...
By Lauren Muskett • April 28, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Amazon’s Labor and Whistleblower Laws Questioned
New York Attorney General Letitia James sent a letter to Amazon last week saying that her office’s preliminary investigation found the company may have violated several federal and state laws.The attorney general’s office has been investigating Amazon’s response to safety concerns raised by worke...
By Lauren Muskett • April 28, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Economic Woes Mean It’s Time to Understand Chief Restructuring Officers
In recent years, chief restructuring officers (CROs) have increasingly been assigned to assist companies struggling as a result of mistakes by company leaders. But with COVID-19 wreaking havoc around the globe, well-run organizations might soon be forced to work with a CRO.Besieged by other worri...
By Lauren Muskett • April 28, 2020
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