Corporate Finance: Page

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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    OCC Cannot Grant Special Bank Charters to Fintech Companies

    A federal judge in New York ruled that the Office of the Comptroller of the Currency (OCC) did not have the authority to issue special bank charters to non-bank fintech companies.The decision is a victory for state financial regulators wanting to stop the fintech charter that allowed technology s...

    By • Oct. 24, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    PR Newswire Owner Cision to Be Acquired for $2.74B

    PR and marketing software company and PR Newswire owner Cision has reached a deal to be bought by private-equity firm Platinum Equity for approximately $2.74 billion in cash, or $10.00 per share.The purchase price represents a 34% premium over its 60-day volume-weighted average price at the end o...

    By • Oct. 22, 2019
  • Businessperson talking to a group of people in a meeting a the office Explore the Trendline➔
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    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
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Infosys Investigating CEO’s ‘Unethical Practices’

    India’s second-largest IT services provider Infosys saw its shares drop by more than 12% on the New York Stock Exchange and 16% on the National Stock Exchange of India between Monday and Tuesday.According to Reuters, it was the worst intraday drop Infosys has seen in six years.What HappenedThe dr...

    By • Oct. 22, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Annual Waste in U.S. Healthcare System Nears $1 Trillion

    It’s not exactly a secret that there’s waste in the U.S. healthcare system. But just how much?How about roughly a quarter of all healthcare spending? So concludes a new study published in the Journal of the American Medical Association. The total estimated amount of waste amounts to between $760 ...

    By • Oct. 22, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Coty Explores Sale of Professional Beauty Business

    Beauty company Coty announced that is exploring the sale of its professional beauty business­ as part of its ongoing turnaround plan. The company’s professional beauty business includes hair and nail care brands such as OPI, Clariol, and Wella.The company also said it was exploring alternatives f...

    By • Oct. 21, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Legacy Banks Are Threatened – Unless They Fight Back

    This summer, online-only banks from Germany and the United Kingdom began operations in the United States, offering streamlined digital apps, simplified fees, and supposedly great customer service.Yet in reality, these neobanks are red herrings, deflecting American banks from the real challenges a...

    By • Oct. 21, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    How One Firm Found Order in the Chaotic World of Cryptocurrency Accounting

    Given that cryptocurrency as a financial asset has existed for only about a decade, it may not be surprising to learn that formalization is one of the biggest stumbling blocks for traders who have embraced the industry.“The most difficult part in the entire market is that there is no standard,” s...

    By • Oct. 18, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    CFOs On the Move: Week Ending October 18

    Emily Weaver Industrial equipment manufacturer Gardner Denver named Emily Weaver senior vice president and chief financial officer starting Dec. 1. She succeeds Neil Snyder who is leaving the company “to pursue other opportunities.” Weaver is currently chief accounting officer at Fortive, and has...

    By Joan Urdang • Oct. 18, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Banks Should Shun Aramco IPO, Says Environmental Groups

    A coalition of environmental groups including the Sierra Club, Rainforest Action Network, and Friends of the Earth has written to the chief executive officers of leading investment banks, urging them not to work on the initial public offering of Saudi Aramco.In a letter to the CEOs of Goldman Sac...

    By • Oct. 18, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    SEC Names White House Aide to PCAOB

    The U.S. Securities and Exchange Commission has appointed White House aide Rebekah Goshorn Jurata to the Public Company Accounting Oversight Board, replacing a member who had been seeking a second term.Kathleen Hamm, a cybersecurity expert, was appointed to the PCAOB in December 2017 to fill out ...

    By Matthew Heller • Oct. 17, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Not All CFOs Can Handle M&A

    Chief financial officers are an indispensable part of a company’s corporate structure, working to strategically increase profitability while ensuring that accounts are managed, taxes are filed, cash flow remains strong, and company leaders and investors are kept in the loop.Although the job of a ...

    By Frank Williamson • Oct. 17, 2019
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    WH Smith to Buy Marshall Retail Group

    U.K. retailer WH Smith made its second push into the U.S. airport retail space with a $400 million deal to buy travel retailer Marshall Retail Group.WH Smith, which sells books, travel accessories, and food, has been aggressively opening new shops at major airports worldwide.Marshall, which was b...

    By • Oct. 17, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Fintech Takes Root in America’s Farmland

    Of all the asset classes that fintech has changed over the past decade, real estate is perhaps the most transformed. Technology’s impact on underwriting efficiency and the ability to crowdfund capital have changed the scope and scale of alternative investments that are available to investors.But ...

    By • Oct. 16, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    The View from Inside a Midsize M&A Deal

    Considering some of the mammoth M&A transactions in recent years, a mere $1.2 billion acquisition doesn’t raise many eyebrows. But for Principal Financial Group, its purchase this year of Wells Fargo’s retirement and trust business was something of a game-changer.It was the third-largest acqu...

    By • Oct. 15, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Intel Buys Software Business Smart Edge

    Intel agreed to buy software business Smart Edge from Pivot Technology Solutions for $27 million.Smart Edge, a software that helps split data and store it closer to users to make computing devices respond faster, was developed to run on Intel processors.The software can be used to complement 5G t...

    By • Oct. 15, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Thoma Bravo Offers $3.9B for U.K. Cyber Firm Sophos

    U.S. private equity firm Thoma Bravo made an offer to buy Sophos, the U.K.-based maker of antivirus and encryption products, for $7.40 in cash per share, a 37% premium on the Sophos market price at the end of trading Friday, the companies said.Sophos board of directors said they plan to unanimous...

    By • Oct. 14, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    SEC Pulls Plug on Telegram Initial Coin Offering

    In what may be the highest-level U.S. enforcement action to date over an initial coin offering, the Securities and Exchange Commission has charged encrypted messaging app Telegram with illegally selling digital assets.Telegram launched its ICO last year by raising about $1.7 billion from sales of...

    By Matthew Heller • Oct. 14, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    PE Firms Face Growing Scrutiny over Valuations

    Recent attention from several quarters has cast a bright light on the private equity business. From accounting treatments to returns to political rumblings for industry overhaul, PE firms are facing scrutiny over their performance and practices.Beyond the headlines, private equity’s role across t...

    By • Oct. 11, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    SAP CEO Steps Down

    SAP said its chief executive officer, Bill McDermott, is stepping down and being replaced by board members Jennifer Morgan and Christian Klein as co-CEOs, effective immediately.In a statement, the SAP said McDermott had decided not to renew his contract and it was activating its long-term success...

    By • Oct. 11, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    CFOs On the Move: Week Ending October 11

    Jason Cardew has been promoted to lead the finance function at automotive technology company Lear, effective Nov. 1. Current finance chief Jeffrey Vanneste is retiring effective the previous day, but will serve as a consultant through February of next year. Cardew has been at the firm since 1992 ...

    By Joan Urdang • Oct. 11, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    CFTC Chairman Says Cryptocurrency Ether is a Commodity

    Cryptocurrency ether is a commodity and thus falls under the jurisdiction the Commodity Futures Trading Commission (CFTC), said the commission’s chairman Heath Tarbert at a conference in New York. Tarbert also said ether futures will begin trading in U.S. markets in the near future.“We’ve been ve...

    By • Oct. 10, 2019
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    CFO Editorial Staff
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    You’ve Landed a New CFO Job…. Now What?

    The first 60 days at a new company can make or break the tenure of an incoming CFO. Here are some tips for tackling the priorities.

    By Ramona Dzinkowski • Oct. 10, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Evolving Finance to Support Innovation

    CFOs and finance teams play an increasing role in enterprise innovation, but the truth is that not all are set to take on the job. Why is innovation such a critical area for finance folks to be thinking about? Most companies view innovation as essential to survival. But without the right leadersh...

    By • Oct. 10, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    U.S. Steel Divulges New Cost-Cutting Plan; CFO to Retire

    U.S. Steel said it is planning an enhanced operating model and organizational structure to cut costs, and its CFO will resign.The company’s new operating model is scheduled to start in 2020. The company hopes to save $200 million of annual fixed costs by 2022.“These initiatives reduce costs and m...

    By • Oct. 9, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Twitter Says Personal Info Shared with Advertisers

    Twitter, on Tuesday, disclosed it had allowed some users’ personal information, including email addresses and phone numbers, to be “inadvertently” used for advertising purposes through its “Tailored Access” program.The company said no personal data was shared with its third-party partners, and th...

    By • Oct. 9, 2019