Corporate Finance: Page

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

    The Disappearing DB Pension Plan

    Governing a defined benefit (DB) pension plan and its investment strategy has always been challenging. Over the past decade it’s also become increasingly complex, not to mention costly, spurring many plan sponsors to reevaluate their pension plan approaches.A new survey of 155 U.S. senior finance...

    By Gerry Marletta • June 28, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Ford to Cut 12,000 Jobs in Europe

    Ford is planning to cut 12,000 jobs in Europe by the end of next year, part of what the company called, “the most comprehensive redesign in the history of its business in Europe.”Under the plan, Ford would operate 18 facilities in Europe by the end of 2020, down from 24 at the beginning of 2019. ...

    By • June 27, 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
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    A 10-Step Plan for Digitally Transforming a Company

    Most of us have a mental image of technology’s development curve as an unbroken and progressively steep incline.That’s not the way Tom Siebel sees it. The billionaire entrepreneur — who famously founded Siebel Systems and built it into the premier customer relationship management vendor in the 19...

    By • June 27, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Wayfair Workers Protest Furniture Sales to Migrant Detention Centers

    Wayfair employees are staging a walkout of the company’s headquarters in Boston after the online retailer’s management rejected their calls to stop supplying furniture to immigration detention centers on the U.S.-Mexico border.“The United States government and its contractors are responsible for ...

    By • June 26, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Growth of Federal Debt Slows, but ‘Unprecedented Levels’ Ahead

    The nation’s federal debt is projected to rise to “unprecedented levels” over the next 30 years, according to the latest projections from the Congressional Budget Office (CBO).CBO’s new report released on Tuesday, The 2019 Long-Term Budget Outlook, said that if policymakers fail to change laws, i...

    By • June 26, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    In Blockchain They Trust

    Someday, you may use an app at a supermarket to scan the beef sirloin you plan to buy for dinner, discovering the cow’s life journey. Another app will assure that the pair of handmade Gucci loafers you just bought are authentic. These apps will be connected over the internet to blockchain platfor...

    By • June 26, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Insurance Alternative Rises

    Most insurance payouts compensate for direct losses—and only after what can be a long claims process. But finance executives should know the ins and outs of a growing market segment that is structured differently: parametric insurance. Parametric coverage pays when a certain objective triggering ...

    By • June 26, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Will Private Equity Takeover Benefit or Hurt Acumatica?

    Cloud-native enterprise software provider Acumatica may have gotten a shot in the arm last week to boost its already fast-growing presence in the global enterprise resource planning (ERP) market.At least that’s how buyer and seller are pitching it. EQT Partners, a Swedish private equity group, ac...

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

    Health Care Software Maker Phreesia Files for $125 Million IPO

    Phreesia, a health care software company based in New York City, filed a preliminary prospectus with the Securities and Exchange Commission Friday for a $125 million initial public offering.It did not say how many shares it planned to offer or the price range.The company said proceeds would be us...

    By • June 24, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Eldorado Resorts to Buy Caesars in $17.3B Casino Deal

    Eldorado Resorts agreed to buy Caesars Entertainment for about $8.5 billion in cash and stock, as a means to take on competition from larger companies such as Las Vegas Sands and Wynn Resorts.Eldorado will acquire all of the outstanding shares of Caesars for a total value of $12.75 per share, con...

    By • June 24, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Sealed Air Fires CFO Amid SEC Investigation

    Sealed Air fired its chief financial officer, Bill Stiehl, for cause, effective immediately.The company said the firing was related to an internal review by the board’s audit committee in connection with a previously disclosed Securities and Exchange Commission investigation into the company’s ac...

    By • June 21, 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 June 21

    Ellen Johnson Advertising firm Interpublic Group promoted Ellen Johnson to the top finance spot, effective January 1. She will succeed Frank Mergenthaler, who will retire on Dec. 31. Johnson is now senior vice president of finance and treasurer, as well as global CFO of IPG Mediabrands.James Jone...

    By Joan Urdang • June 21, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Walmart FCPA Case Cites Poor Internal Controls

    For more than a decade, retailing giant Walmart failed to operate a sufficient anti-corruption compliance program and allowed subsidiaries in Brazil, China, India, and Mexico to employ third-party intermediaries who made payments to foreign government officials.As a result, the Securities and Exc...

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

    Tapestry Names Abercrombie & Fitch Executive New CFO

    Joanne C. Crevoiserat Tapestry, the parent company of luxury brands Coach, Kate Spade, and Stuart Weitzman, named Joanne Crevoiserat chief financial officer, effective August 1.Crevoiserat comes to Tapestry from Abercrombie & Fitch, where she was executive vice president and chief operating o...

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

    Blockchain Company Ripple Invests in MoneyGram

    MoneyGram is the new player on the blockchain, and will be rewarded handsomely by Ripple, a prominent cryptocurrency company.One of the world’s largest money-transfer companies announced on Monday that it has agreed to a deal with blockchain company Ripple that involves an investment of up to $50...

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

    The Reason the Fed May Need to Cut Interest Rates This Year

    Why is the Federal Reserve’s Open Market Committee contemplating a cut in the benchmark federal funds rate? It really isn’t because it thinks a recession is around the corner, say economists. Instead, the Fed is trying to avoid circumstances in which it is powerless to revive the U.S. economy.The...

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

    Facebook Unveils Libra Cryptocurrency

    Social networking giant Facebook announced plans on Tuesday to launch a digital currency in 2020, in an aggressive move to push beyond digital advertising.The currency called Libra will be overseen by a Facebook subsidiary called Calibra, which is a new nonprofit group based in Geneva.The new cry...

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

    The Forecast is Cloud

    With technology disrupting business functions at a frantic pace, there’s no area — including finance — where doing “business as usual” is still good enough; innovation waits for no one, and you have to keep up or risk being left behind by more nimble competitors.As such, CFOs looking to take thei...

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

    Sotheby’s in Deal With Drahi to Go Private

    Sotheby’s, the famed auction house, announced it has signed an agreement to be acquired by BidFair USA for $57 per share in cash, a premium of 61% to the company’s closing share price on Friday and a 56% premium to the company’s 30-day volume-weighted average share price.BidFair is wholly owned b...

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

    IEA Cuts Oil Demand Forecast

    The International Energy Agency (IEA) cut its forecast for global oil demand citing the of slower economic growth and concerns over a U.S.-China trade war.“The main focus I think we should be looking at here is that until very recently the geopolitical factors related to Iran and Venezuela and Li...

    By • June 14, 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 June 14

    Mel Tucker Specialty retailer Genesco named Mel Tucker CFO and senior vice president of finance, effective June 24. He takes over from Mimi Vaughn, who has been promoted to chief operating officer. Tucker most recently headed finance at Century 21 Department Stores.Bristol Myers Squibb has announ...

    By Joan Urdang • June 14, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    PwC Fined Over Audit Failure

    The U.K. Financial Reporting Council (FRC) fined PwC $5.8 million over failures related to its audits of the 2015 and 2016 financial statements of IT services company Redcentric.The FRC also fined two PwC partners, Jaskamal Sarai and Arif Ahmad, $178,000 each over their failings related to the Re...

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

    CFOs Support Immigration Reform to Help with Talent Shortage

    U.S. finance chiefs are showing strong support for immigration reform as they struggle with the talent shortage in the United States, according to the latest quarterly Duke University/CFO Global Business Outlook survey.Eighty-three percent of U.S. CFOs surveyed said they supported expedited grant...

    By • June 12, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Visa Rolls Out Cross-Border B2B Network

    Visa released its blockchain-powered business-to-business payments service, B2B Connect network, which allows financial institutions to process corporate cross-border payment transactions faster and at a low operational cost.The move is seen as part of Visa’s effort to push beyond card-based tran...

    By • June 11, 2019
  • Woman doing paperwork in corporate office
    Image attribution tooltip
    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Apollo Global to Buy Shutterfly for $2.7B

    Private equity firm Apollo Global Management agreed to acquire U.S. digital imaging company Shutterfly for $2.7 billion, including the company’s $900 million of debt.Apollo also announced on Monday that it would buy the privately held Snapfish, a small internet-based retailer of photography produ...

    By • June 11, 2019