Corporate Finance: Page

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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Easy Money? Private Capital’s Drawbacks

    If money makes the world go ’round, Earth must be spinning like a top. Plentiful private capital from myriad sources has created an unprecedented supply of financing. Midmarket and smaller companies that have historically relied on a commercial bank loan or an initial public offering to fuel robu...

    By • Sept. 12, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Alta Mesa Resources Files Chapter 11 Bankruptcy

    Startup shale oil producer Alta Mesa Resources has filed bankruptcy less than two years after its formation, citing depressed oil prices and liquidity constraints resulting from “aggressive growth.”Alta Mesa’s share price has declined from a 52-week high of $4.83 per share a year ago to 7.7 cents...

    By Matthew Heller • Sept. 12, 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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    145 CEOs Urge for Action on Gun Violence

    The chief executives of 145 companies have signed a letter calling on Senate lawmakers to pass legislation to curb gun violence, citing a series of recent mass shootings in El Paso, Texas; Dayton, Ohio; Chicago; Newport News, Virginia; Brooklyn, New York; and other communities.The letter urges th...

    By • Sept. 12, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Yahoo Japan to Buy Online Fashion Giant Zozo for $3.7B

    Yahoo Japan, a subsidiary of tech and investment conglomerate Softbank Group, agreed to buy Zozo, Japan’s largest online fashion retailer, for $3.7 billion to help compete against Amazon and Rakuten. Zozo’s mall Zozotown controls about 50% of the market for mid- to high-end fashion.Zozo has recen...

    By • Sept. 12, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Navigating Reference Rate Reform

    Regulators, standard setters, financial institutions, and other industry participants around the world have been working on replacing the London Interbank Offered Rate (Libor) for several years. By the end of 2021, Libor is expected to be out and a new reference rate will be in. At first hearing,...

    By • Sept. 12, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    The CFO as Lead Performer

    CFOs are collaborating with other functional areas in their companies as their role expands enterprise-wide. Increasingly, senior executives within the finance function are contributing data, analysis, strategy, and insights that improve efficiency, effectiveness, and company performance.A recent...

    By Gerry Marletta • Sept. 11, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Gig Worker Protection Bill Passes California Senate

    The State Senate of California passed a bill that would require gig-economy workers to be reclassified as employees, making it harder for gig-economy companies to treat them as independent contractors.If passed, the legislation could have a transformative effect on companies such as Uber, Lyft, D...

    By • Sept. 11, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Human Capital’s Big Reveal

    This is one genie that’s not going to be stuffed back into its bottle.A climate ripe for extensive disclosure of human capital data is blanketing the corporate world, with European companies taking the initial lead. The United States has been lagging well behind, but in August the Securities and ...

    By • Sept. 11, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Uber to Cut 435 Jobs as Streamlining Continues

    Uber has announced more layoffs that will reduce its product and engineering groups by about 8% as it seeks to streamline its workforce.The ride-sharing company said the decision to cut 435 jobs — 170 in the product team and 265 in the engineering team — was “incredibly difficult” but “will resul...

    By Matthew Heller • Sept. 11, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Stewart Information Services and Fidelity National Financial Terminate Merger

    Fidelity National Financial announced plans on Tuesday to pay $50 million to Stewart Information Services to terminate the merger of the two companies after the Federal Trade Commission (FTC) challenged the merger.Last week, the FTC issued an administrative complaint seeking to block insurance pr...

    By • Sept. 10, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Moody’s Deals a Blow to Ford With Credit Downgrade

    Ford Motor shares were down about 3% early Tuesday afternoon, following a late-Monday downgrade of its debt to junk status by Moody’s Investors Service.While the auto industry has recently been generally healthy, Ford is an exception. Moody’s projects that the company’s EBITDA margin will fall th...

    By • Sept. 10, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    McDonald’s Buys AI Company to Automate Drive-Thru Ordering

    McDonald’s reached an agreement to buy artificial intelligence company Apprente, a Silicon Valley start-up specializing in voice-based ordering technology. The technology can understand multiple languages and accents to help speed and simplify order taking at the drive-thru.“Building our technolo...

    By • Sept. 10, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    8 Trends Are Putting AI Into Clearer View

    Is artificial intelligence finally starting to take on a recognizable shape, after its history of being sometimes overhyped, often misunderstood, and always intriguing (but in a tantalizingly futuristic sort of way)?Perhaps so, judging by a new report from KPMG. To better understand the state of ...

    By • Sept. 10, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Buyers of Carve-Outs Encounter Integration Hurdles

    The stats have a story to tell private equity firms and their portfolio company CFOs.According to Deloitte’s 2019 M&A Trends Report,76% of M&A executives at US corporations and 87% of M&A leaders at PE firms expect the number of deals their organizations will close to increase. Closin...

    By • Sept. 10, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Fred’s to Close All Stores in Chapter 11 Bankruptcy Liquidation

    Fred’s filed for Chapter 11 bankruptcy on Monday and will close all of its remaining 80 discount stores and pharmacies over the next 60 days. The discount retailer and pharmacy’s attempt at cost cutting measures didn’t work, and continued to report yearly losses since 2015.In early February, the ...

    By • Sept. 9, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Antitrust Review: Navigating the Challenges of a ‘Second Request’

    Successful executives understand that closing a merger deal in a concentrated market can be highly complex. The added complication in these deals is their potential to receive an additional antitrust inquiry for information, called a “second request.” In the United States, this kind of inquiry le...

    By Jennifer Pitts and Mark Crumrine • Sept. 6, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Fitch Cuts Hong Kong Credit Rating

    The credit ratings agency Fitch cut its rating for Hong Kong to “AA” from “AA+,” with a negative outlook, citing months of political protest and the Chinese territory’s growing integration with the mainland.“Months of persistent conflict and violence are testing the perimeters and pliability of t...

    By • Sept. 6, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Business Executives’ Optimism in U.S. Economy Lowest in Three Years

    Business executives hold their dimmest view of the U.S. economy in three years, due in part to widespread concerns about trade and fears of a sustained global slowdown, according to the third-quarter AICPA Economic Outlook Survey.The survey found almost 42% of business executives expressed optimi...

    By • Sept. 6, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    CFOs On the Move: Week Ending September 6

    Adam Orvos Another Neiman Marcus CFO is stepping down. After 18 months in the role, Adam Orvos is leaving the retailer on Oct. 11 to join another company. Orvos arrived in April 2018 to take over for Dale Stapleton who had been serving as interim CFO since June 2017. Stapleton stepped into the ro...

    By Joan Urdang • Sept. 6, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Prudential to Buy Insurance Tech Startup for $2.35B

    Prudential Financial agreed to acquire three-year-old direct-to-consumer insurance platform Assurance IQ for $2.35 billion, the companies said.Prudential said the acquisition would be modestly accretive to earnings per share and return on equity starting in 2020. It would generate cost savings of...

    By • Sept. 5, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Stripe Moves Into Small Business Lending

    Private payment company Stripe Capital on Thursday announced it’s taking a step into the lending business.Stripe said the next stage of its growth phase will involve providing financing for online companies.Stripe said its lending process will be quick and easy, and funds can be distributed to a ...

    By • Sept. 5, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Motorola Solutions Receives a New $1B Investment from Silver Lake

    Global technology investment company Silver Lake is making a new $1 billion investment in public safety and security firm Motorola Solutions. Silver Lake will also settle Motorola Solutions’ outstanding $800 million aggregate principal investment one year ahead of its maturity.Under the terms of ...

    By • Sept. 5, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    YouTube to Pay $170M Fine After Violating Children’s Privacy Law

    Google’s subsidiary YouTube will pay a record $170 million settlement over allegations by the Federal Trade Commission and the New York Attorney General that the company illegally collected personal information from children without the consent of their parents and then used the data to target th...

    By • Sept. 4, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Search Engine for Consumer Finance Nabs Funding

    Even Financial, a fintech company that acts as a recommendation provider for personal finance websites, announced a $25.5 million funding round on Wednesday.The round was co-led by Citi Ventures, the venture arm of Citigroup C 1.37%, and MassMutual Ventures. LendingClub LC 2.08% also participated...

    By • Sept. 4, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    WeWork to Add First Woman Board Member

    The We Company, owner of office-sharing startup WeWork, named Frances Frei as the first woman member of its board of directors amid investor criticism as it pursues an initial public offering. Frei will join the board once it completes its IPO, planned for later this month.Frei, a professor of te...

    By • Sept. 4, 2019