Corporate Finance: Page

  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Comscore Fined $5M Over Accounting Fraud

    Data analytics giant Comscore and its former CEO have agreed to pay $5.7 million to settle allegations that they engaged in a $50 million accounting fraud scheme in order to beat Wall Street revenue estimates.The U.S. Securities and Exchange Commission said Serge Matta, who served as chief execut...

    By Matthew Heller • Sept. 25, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Fluor Cuts Dividend in Half After Strategic Review

    Texas-based engineering and construction firm Fluor announced it would cut its dividend to $0.10 per share, from $0.21 per share, and sell $1 billion in assets following a strategic review.The company said it was initiating plans to sell its construction equipment rental company, AMECO, and its g...

    By • Sept. 24, 2019
  • Businessperson talking to a group of people in a meeting a the office Explore the Trendline➔
    Image attribution tooltip
    Getty Images
    Image attribution tooltip
    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
  • Header image for "Has Non-GAAP Reporting Become an Accounting Chasm?"
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Has Non-GAAP Reporting Become an Accounting Chasm?

    Non-GAAP financials can be described as the “numbers management talks about once the auditor leaves the room.” Often described as “adjusted,” “core,” or “cash” earnings, these figures purport to give investors a cleaner view of a company’s true operations before the subtraction of a whole host of...

    By Drew Bernstein • Sept. 23, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Thomas Cook Collapses, Leaving Thousands of Travelers Stranded

    British travel company Thomas Cook Group was forced to shut down operations on Monday, leaving hundreds of thousands of vacationers with defunct travel plans, grounding all airplanes, and laying off all employees.The British Civil Aviation Authority (CAA) confirmed the forced liquidation of Thoma...

    By • Sept. 23, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Nissan, Execs Settle SEC Charges Over Undisclosed Compensation

    The former chief executive of Nissan, Carlos Ghosn, and its former director Greg Kelly have agreed to settle with regulators over charges related to false financial disclosures that omitted more than $140 million to be paid to Ghosn in retirement, the Securities and Exchange Commission said in a ...

    By • Sept. 23, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Fed’s Rosengren Says Rate Cut ‘Not Needed’

    Boston Federal Reserve Bank President Eric Rosengren defended his vote against cutting interest rates, saying that the move was unnecessary and may be harmful to the economy.“Additional monetary stimulus is not needed for an economy where labor markets are already tight, and risks further inflati...

    By • Sept. 20, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    J.Crew’s Madewell Brand Files for IPO

    Madewell, J.Crew’s fast-growing denim brand, plans to spit from its parent company and go public.The company said Chinos Holdings, its subsidiary, will be renamed Madewell Group and plans to list its stock on the New York Stock Exchange or NASDAQ, a securities filing showed. The company has not r...

    By • Sept. 20, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    CFOs On the Move: Week Ending September 20

    Rahul Ghai Rahul Ghai has been appointed to lead the finance function at Otis Elevator. He previously was CFO of Harris. Prior to Harris, he served in executive-level finance roles at Aetna and United Technologies.Luis Borgen has been named finance chief at athenahealth. He formerly headed financ...

    By Joan Urdang • Sept. 20, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    ‘Shadow Banking’ Saddled With Undeserved Poor Image

    The prolonged bull market shows worrisome signs of reversal, and many economists fear a looming recession amid a fragile global economic system beset by trade wars, currency imbalances, and negative interest rates. Meanwhile, the U.S. Treasury is projected to borrow a record $1.4 trillion in 2019...

    By • Sept. 19, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    SEC Charges ICO Incubator Over Unregistered Offerings

    The Securities and Exchange Commission filed a complaint against ICOBox, an incubator of initial coin offerings, and its founder Nikolay Evdokimov for allegedly violating the registration requirements of federal securities laws.Regulators said ICOBox conducted a securities offering of its own dig...

    By • Sept. 19, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    U.K. Government to Probe $5B Cobham Takeover

    U.K. business secretary Andrea Leadsom ordered an investigation of the takeover of defense company Cobham by Advent International, a Boston-based private equity firm, two days after shareholders approved the deal. Leadsom issued a European intervention notice and called for the Competition and Ma...

    By • Sept. 18, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Regulators Double Down on Compliance Scrutiny

    U.S. regulators are making one thing crystal clear to companies — or at least to companies that are paying attention: There are no longer any excuses for not having an effective and comprehensive compliance policy and program.The government’s stance is sweeping, and it showed up in three recent m...

    By • Sept. 18, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Fanatics Hires Nike Exec Mich Chandlee as CFO

    Online sports apparel retailer Fanatics has turned to one of its suppliers for a new CFO, hiring long-time Nike executive Michener “Mich” Chandlee.The appointment of Chandlee, who succeeds Lauren Cooks Levitan, comes as Fanatics prepares to sell NFL and Major League Baseball fan gear through a 10...

    By Matthew Heller • Sept. 18, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    SEC Fines Marvell Over ‘Pull-In’ Scheme

    Marvell Technology Group agreed to pay $5.5 million to settle charges it orchestrated a ‘pull-in’ scheme to meet publicly-issued revenue guidance and misled investors, the Securities and Exchange Commission said in a statement.According to the regulators, Marvell accelerated sales to the current ...

    By • Sept. 17, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    WeWork Delays its IPO

    The We Company, owner of the office-sharing startup WeWork, is delaying its IPO as investor confidence grows shaky. The company’s IPO was expected this month, but has now been pushed to at least October. One source says it could be scrapped entirely.“The We Company is looking forward to our upcom...

    By • Sept. 17, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Endeavor Sets IPO Price, Seeks to Raise $600M

    Hollywood powerhouse Endeavor Group has disclosed that it is seeking to raise more than $600 million from the first initial public offering by a talent agency.The parent of William Morris Endeavor, Hollywood’s largest talent agency, said in an amended prospectus that it will sell 19,354,839 share...

    By Matthew Heller • Sept. 16, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Oil Prices Spike After Saudi Attacks

    Attacks on Saudi Arabia’s oil infrastructure sent the price of Brent crude surging by more than $12 a barrel, the biggest increase in more than 30 years and fueling fears for the global economy. (Brent crude was trading at $68.97 at 2:20 p.m. Eastern time.)“It is the biggest shock to the oil mark...

    By • Sept. 16, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Purdue Pharma Files for Bankruptcy Protection

    OxyContin maker Purdue Pharma has filed for Chapter 11 bankruptcy in order to settle massive U.S. opioid lawsuits, while providing more than $10 billion to address the current opioid crises.Purdue Pharma’s board approved the long-expected bankruptcy filing to resolve more than 2,600 lawsuits with...

    By • Sept. 16, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Cloudflare Shares Jump 20% in Market Debut

    Cloudflare has become the latest enterprise IT company to make a splash on its Wall Street debut after raising about $525 million in its initial public offering.Shares in Cloudflare, which provides security, content delivery and other services to web and internet businesses, closed at $18 on the ...

    By Matthew Heller • Sept. 16, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Is Data Security Risk Crowding Out Other Priorities?

    It may be difficult to judge whether contemporary CFOs’ tight focus on data privacy and security is a value-add or a strictly defensive posture that limits their engagement in value-add activities. Either way, study after study shows that among the multitude of concerns finance chiefs must grappl...

    By • Sept. 13, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Back to School: The Quiz

    At a time in their career when veteran finance chiefs are huddling with their CEOs on strategy, wooing institutional investors, and finding new markets, do their technical skills remain rust-free? Is their basic finance knowledge still accessible at a finger snap? The Corporate Finance Institute ...

    By • Sept. 13, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    M&A Risks: Buyers Beware

    In 2018 the value of mergers and acquisitions worldwide was a cool $3.9 trillion, according to the Institute for Mergers, Acquisitions, and Alliances. Companies very much like to make deals, which ideally provide strategic synergies, operating efficiencies, and a fast path to growth.Yet it’s equa...

    By • Sept. 13, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    CFOs On the Move: Week Ending September 13

    John Greene Discover Financial Services named John Greene finance chief, executive vice president, and a member of the company’s executive committee starting Sept. 18. Greene has more than 30 years of experience leading financial operations. He most recently served as CFO at Bioverativ, a global ...

    By Joan Urdang • Sept. 13, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    The European Central Bank Cuts Rates, Relaunches Bond Purchases

    The European Central Bank announced it was cutting its main deposit rate to -0.5% and beginning a massive bond-buying program as part of a sweeping stimulus package.The 10-basis-point cut brings the deposit rate (the interest banks receive for depositing money with the central bank overnight) to ...

    By • Sept. 13, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    WeWork Valuation Could Fall as Low as $10B in IPO

    The We Company, owner of the office-sharing startup WeWork, may seek an initial public offering valuing it as low as $10 billion to $12 billion, down from the $47 billion it got in its last private fundraising round in January.Investors were initially skeptical of the WeWork IPO after founder and...

    By • Sept. 13, 2019