Corporate Finance: Page 46
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Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Private Equity & Venture Capital Valuations Draw Scrutiny
The valuation of private equity and venture capital investments has recently been garnering greater marketplace attention, with investors demanding more transparency and information than ever before.Regulatory bodies, standards-setting organizations, and independent auditors in recent years have ...
By David McCann • Feb. 25, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Pepsi Snaps Up Chinese Snack-Maker
PepsiCo has reached an agreement to buy the Chinese snack retailer Be & Cheery from Haoxiangni Health Food for $705 million, the companies said.Be & Cheery, founded in 2003, is one of the largest online snack companies in China selling nuts, dried fruits, and other snacks, mainly on Chine...
By Lauren Muskett • Feb. 24, 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.
CFOs On the Move: Week Ending February 21
Frank Witter Vox Media, owner of some 15 brands including New York magazine, announced on Friday that it has hired Margaret Chu as its new CFO, effective March 2. She moves over from Horizon Media, where she was executive vice president of corporate strategy and development. She previously was fi...
By Lauren Muskett • Feb. 21, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Special Report: Nailing the Number
Next-level technologies like artificial intelligence and machine learning, coupled with access to big data, have given the chief financial officer superpowers. The problem: many CFOs are not using them.Real-time data analytics allow finance teams to gain deeper knowledge of operations, risks, sou...
By Lauren Muskett • Feb. 21, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Morgan Stanley to Buy E-Trade for $13B
Morgan Stanley has reached an agreement to buy brokerage firm E-Trade for $13 billion in an all-stock deal, the companies announced.Morgan Stanley will pay $58.74 per share for E-Trade to bring together $3.1 trillion in client assets. The share price represents a premium of more than 30% to E-Tra...
By Lauren Muskett • Feb. 20, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Can Big Retailers Be Saved?
Five of Canada Goose’s 11 stores feature a “cold room,” where the temperature is -27 degrees Fahrenheit. Inside, walls look and feel like icy rock formations. The floor simulates the sound of cracking ice, and holograms and laser projections reproduce frigid 3-D environments lik...
By Russ Banham • Feb. 20, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
The SEC Falsely Accused Me of Fraud
It should go without saying that CFOs should be ethical. Most of the ones I’ve met are.But if you’re a public company CFO, you should be aware that there are circumstances in which the enforcement division of the Securities and Exchange Commission may assume there’s a good chance you are not eth...
By Gregory Law • Feb. 19, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
HSBC Announces Overhaul Amid Profit Drop
HSBC plans to cut 35,000 jobs and shed $100 billion in assets as it restructures and consolidates parts of its business over the next three years, the company said.Europe’s largest bank by assets reported net profit of $5.97 billion for 2019, a 53% drop from 2018.“Our immediate aims are to increa...
By Lauren Muskett • Feb. 18, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Experts React to Apple’s Revenue Warning, Coronavirus Threat
Shares of Apple were trading lower by 2% early Tuesday morning after the iPhone maker said it doesn’t expect to meet its prior fiscal second-quarter revenue guidance of $63 to $67 billion due to the coronavirus outbreak.Here’s how several experts reacted to the announcement.Quantifying Apple’s Ex...
By Lauren Muskett • Feb. 18, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
‘Extreme Language’ in Earnings Calls Linked to Outperformance
“It’s been five full years since I called BS and declared war … against [this] stupid, broken, arrogant industry…. We have great financial results [and] very strong free cash flow.”What to make of extreme language like that from the transcript of a top company executive in an earnings call? Hype?...
By David McCann • Feb. 18, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Pier 1 Files Chapter 11, Plans Sale of Company
Pier 1 Imports has filed bankruptcy to facilitate a sale of the home furnishings company after nine consecutive quarters of revenue declines.The Chapter 11 filing on Monday came three months after Robert Riesbeck was appointed Pier 1’s CEO after serving as its finance chief since July. The move h...
By Matthew Heller • Feb. 18, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Is Your Dividend Merely a ‘Shiny Object’ to Investors?
I was recently going through a new investment client’s portfolio and found it full of the likes of Coca Cola, Kimberly-Clark, and Campbell Soup. I call these pseudo bond substitutes.Each one is a stable and mature company. Your mother-in-law would be proud if you worked for any of them. They have...
By David McCann • Feb. 17, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Huawei Hit With New Charges; CFO Named as Defendant
U.S. prosecutors have charged the Chinese tech giant Huawei with racketeering and conspiracy to steal trade secrets.The three new allegations, which add to earlier charges the company engaged in bank fraud and violated U.S. sanctions against Iran, were unsealed Thursday by a U.S. District Court i...
By Vincent Ryan • Feb. 14, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Three Ways of Driving Success in An Acquisition
Global corporations have continued to show a strong appetite for acquisitions in the last several years, and 2020 is likely to be no different. More than two-thirds of companies (68%) said they expect the mergers and acquisitions market to improve in the next 12 months, according to the October 2...
By Vincent Ryan • Feb. 14, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
CFOs On the Move: Week Ending February 14
Eoin Tonge Eoin Tonge will be joining UK retail giant Marks and Spencer in June as chief financial officer. Tonge has been CFO of convenience foods manufacturer Greencore Group since 2016. Before his CFO role, he was the managing director of the grocery business and was previously the chief strat...
By Lauren Muskett • Feb. 14, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Newspaper Publisher McClatchy Files for Bankruptcy
Newspaper publisher McClatchy Co. has filed for Chapter 11 bankruptcy protection as it seeks to restructure more than $700 million in debt.The company publishes 30 newspapers including The Miami Herald, The Kansas City Star, and The Sacramento Bee.Pending court approval, 60% of its debt would be ...
By Lauren Muskett • Feb. 13, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
E-commerce Companies in China Offer Jobs Amid Coronavirus Outbreak
JD.com employees are provided with protective supplies such as masks. Chinese e-commerce giant JD.com plans to make more than 20,000 new jobs available to help minimize the impact of the coronavirus on employment.The move hopes to help aid small and medium enterprises during the outbreak and supp...
By Lauren Muskett • Feb. 12, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Shipping Giant Maersk Hires New CFO
Patrick Jany Danish shipping giant A.P. Moller-Maersk has named Patrick Jany as its new chief financial officer.Jany joins the company from Swiss chemical firm Clariant where he has most recently served as CFO, a role he has held since 2006.“We very much regret Patrick Jany’s decision to leave Cl...
By Lauren Muskett • Feb. 12, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
IPOs: How to Reverse the Winner’s Curse
After the storied stock market successes of such technology icons as Amazon, Facebook, and Google, investors have endured a cold soaking of late with the share price reversals of LendingClub, Uber, Twitter, and Slack. Have initial public offerings lost their mojo?A company that executes an IPO ca...
By David McCann • Feb. 12, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
SoftBank-Backed Online Store Brandless Shutting Down
Brandless, an online store backed by SoftBank Group that sold household goods for $3 each, is shutting down.What HappenedBrandless, based out of San Francisco, will wind down operations. The company is the first SoftBank Vision Fund-backed startup that has shut shop as it lays off 70 people. It h...
By Vincent Ryan • Feb. 11, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Fintech Varo Wins FDIC Approval To Take Deposits
Fintech startup Varo Money announced it has received approval from the Federal Deposit Insurance Corp. to receive deposit insurance and take customer deposits directly rather than relying on a partner.In a statement, the company said the approval was, “a significant step in [its] application proc...
By Vincent Ryan • Feb. 11, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
A Game Plan for Quantum Computing
Pharmaceutical companies have an abiding interest in enzymes. These proteins catalyze all kinds of biochemical interactions, often by targeting a single type of molecule with great precision. Harnessing the power of enzymes may help alleviate the major diseases of our time.Unfortunately, we don’t...
By David McCann • Feb. 11, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Xerox Ups Offer for HP, But Is It Enough?
Xerox Holdings on Monday announced a sweetened tender offer for HP at about $24 a share, or $34 billion, an increase of about $2 per share from its previous bid.Xerox called its proposal “compelling” and said it would allow HP shareholders “to realize immediate cash value and enjoy approximately ...
By Vincent Ryan • Feb. 10, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Simon Property to Buy Taubman Centers in $3.6B Deal
Top U.S. mall operator Simon Property Group agreed to buy Taubman Centers in a deal valued at $3.6 billion.Under the agreement, Simon will buy an 80% stake in the Taubman Realty Group (TRG), the entity that Taubman Centers uses to conduct its retail shopping center business.The companies said the...
By Lauren Muskett • Feb. 10, 2020 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Economy Adds 225,000 Jobs in January
The U.S. economy added 225,000 jobs in January, with mild weather and the easing of trade tensions helping to boost hiring, according to the Bureau of Labor Statistics. Economists surveyed by Dow Jones expected an increase of 150,000 and 160,000 jobs.At the same time, unemployment rose to 3.6% as...
By Lauren Muskett • Feb. 7, 2020
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