Corporate Finance: Page 88

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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    U.S. Current Account Deficit Widens

    The U.S. current-account deficit widened in the first quarter of 2017, according to data released by the Bureau of Economic Analysis. The BEA said the deficit was $116.8 billion in the first quarter, up 2.4% from $114 billion in the fourth quarter of last year. Imports of crude oil, car parts, an...

    By William Sprouse • June 20, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    U.S. Homeownership Seen Flattening

    The rate of U.S. homeownership seems to be flattening after years of decline, according to a study released by the Joint Center for Housing Studies of Harvard University. The study, released on Friday, found the rate was 63.6% in the first quarter of 2017, essentially flat from two years ago. The...

    By William Sprouse • June 19, 2017
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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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    Question of the Week: Should I Stay CFO at a $50M Co.?

    An anonymous CFO writes:“I have an offer to come on board as a controller at a $100 million-plus entity that has locations across the country. My current company not so much. The potential role would be with a more complex company than my current. My current role does have some technical aspects ...

    By • June 16, 2017
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    CFOs On the Move: Halliburton Lands Parker Drilling CFO

    Halliburton has named Christopher Weber to the top finance spot, effective June 22. He takes over for general counsel Robb Voyles, who has been interim CFO since finance chief Mark McCollum left in March. Previously, Weber headed finance at Parker Drilling, where chief administrative officer and ...

    By Joan Urdang • June 16, 2017
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    AIG, IBM Partner on Novel Blockchain Contract

    IBM and American International Group are partnering to develop a “smart” insurance policy using blockchain digital ledger technology, according to a report from Reuters. The companies say the multinational pilot policy is the first of its kind.The “smart contract” was developed for Standard Chart...

    By William Sprouse • June 15, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Nike to Cut 2% of Workforce

    Nike has announced plans to cut roughly 2% of its global workforce and create a “consumer direct offense” that, it says, will rapidly serve consumers with customization options, according to a report from CNBC. Shares of Nike stock fell more than 2% after the announcement.Nike said it wants to si...

    By William Sprouse • June 15, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Business Inventories Fall, Sales Flat

    The U.S. Commerce Department said businesses decreased their inventories by 0.2% on a seasonally adjusted basis in April, the largest such decrease since October 2016. Meanwhile, sales were flat for the month. A slight decline for April had been expected by economists, after inventories gained 0....

    By William Sprouse • June 14, 2017
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    Microsoft Releases Patches for Unsupported Software

    Citing “elevated” risks of cyberattack, Microsoft has released critical security updates to protect against large-scale hacking, according to a report from CNN.The updates come one month after the WannaCry ransomware attacks targeted computers around the globe.“In reviewing the updates for this m...

    By William Sprouse • June 14, 2017
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    Wholesale Prices Flatten in May

    The Department of Labor said its producer price index (PPI), which measures inflation at the wholesale level, was flat in May following a 0.5% monthly gain in April. Rising energy prices along with a bump in other commodities had been pushing producer prices up, but the trend weakened last month....

    By William Sprouse • June 13, 2017
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    Washington’s Inaction Causing CFOs to Delay Spending

    The second-quarter Duke University/CFO Magazine Global Business Outlook survey found that uncertainty about U.S. regulatory and trade policies is putting some business expansion on hold.More than one-third of U.S. survey respondents (36%) report that the level of uncertainty their companies face ...

    By CFO Editorial Staff • June 13, 2017
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    Scotts Miracle-Gro Cuts Outlook

    Scotts Miracle-Gro has cut its financial outlook for the year, citing a steep decline in the mass retail sector. The lawn and garden products company said it expects earnings for 2017 to fall in the range of $4.00 to $4.20 per share, down from earlier guidance of $4.10 to $4.30 per share, accordi...

    By William Sprouse • June 13, 2017
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    New CFO ‘Starts from Scratch’ in Bid to Quintuple Company’s Size

    Say you’re the owner of a 120-year-old family business composed of four stand-alone retail stores in different cities. It throws off a nice living, but you want more. In fact, you want your business to become a $500 million company within 10 years.Betteridge’s flagship store in Greenwich, Conn. T...

    By • June 9, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Hong Kong Court Affirms Sanctions on Moody’s

    Moody’s Investors Service has lost its appeal of a decision in which Hong Kong financial regulators fined the credit rating agency HK$11 million ($1.4 million) for publishing a “misleading” red flags report about Chinese companies.Hong Kong’s Securities and Futures Appeal Tribunal (SFAT) imposed ...

    By Matthew Heller • June 8, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Cloudera Deep in the Red in First Quarter

    Machine learning and advanced analytics company Cloudera reported a $222.3 million net loss from operations in its first public earnings release late on Thursday. The report caused a sharp drop in its share price in the first hour after the numbers were posted.The Palo Alto, Calif.-based company,...

    By • June 8, 2017
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    Are You Prepared for a Corporate Crisis?

    Imagine yourself as a top executive in a company hit by a major crisis within the last 72 hours. First, and most importantly, there may have been serious damage to the community in which you operate. Your customers may have suffered, people’s livelihoods destroyed. The environment may be irretrie...

    By Mihir Mysore and Sanjay Kalavar • June 8, 2017
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    GM Shareholders Reject Stock-Split Proposal

    General Motors shareholders on Tuesday overwhelmingly rejected a stock-split proposal by an activist investor group that has faulted the company for its “inefficient” capital structure.A preliminary vote count at GM’s annual meeting showed more than 91% of shareholder votes were cast against Gree...

    By Matthew Heller • June 6, 2017
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    Revlon Taps New CFO

    After less than two months in the chief operating officer position at Revlon, Chris Peterson has been named the company’s chief financial officer, succeeding Juan Figuereo, who is retiring from the company. As COO, Peterson was already overseeing Revlon’s finance function (in addition to the supp...

    By • June 6, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Throw Away Your ROI Calculator for Wellness Programs

    I have long been skeptical about claims that a high rate of employee engagement in health and well-being programs has a corresponding positive effect on the programs’ return on investment.Hal Rosenbluth ROI does partly depend on the percentage of a population engaged in these programs, which are ...

    By Hal Rosenbluth • June 6, 2017
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    Revenue Recognition ‘Doomsday Clock’ Is Ticking

    “Hopefully, fear is what you’re feeling now.” — Josh Paul, head of technical accounting and SEC reporting, GoogleTien Tzuo, CEO, Zuora If you’re a subscription-based company or have any recurring revenue in your business, I have some good news and some bad news. Let’s start with the good: Congrat...

    By Tien Tzuo • June 5, 2017
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    CFOs on the Move: Week Ending June 3

    Uber CFO Gautam Gupta will leave the post in July, reportedly to join another startup in San Francisco. The company, which has raised approximately $15 billion in equity and debt funding, reported a $708 million loss for its first quarter but is still flush with $7.2 billion in cash.After 27 year...

    By • June 2, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    The Road Forward

    Apple, Google, Intel, every major carmaker, and an abundance of startups are pouring money into automating that most American of activities: driving a car. But with the passenger cars sold today projected to last up to 20 years, it will take decades before fully autonomous vehicles pack the highw...

    By CFO Editorial Staff • June 2, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Finance Chief Gupta Joins Uber Exec Exodus

    Uber head of finance Gautam Gupta will not be around much longer to help guide the ride-hailing company toward possible profitability and an initial public offering.About a dozen other top Uber officers have left the company since February amid a series of controversies including sexual harassmen...

    By Matthew Heller • June 1, 2017
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    Team Trump’s Tug-of-War

    No man is an island, not even the leader of the free world. Since taking office, President Trump has been reshaping his campaign pledges. Prodding him to wield the chisel are his advisers: an unusual assortment of liberal-leaning family members, hardened Wall Street veterans, starched-shirt milit...

    By Russ Banham • June 1, 2017
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    New Remedies

    While the nation awaits the promised repeal and replacement of the Affordable Care Act, most employer health-plan sponsors have their attention focused elsewhere: health-care costs for employees at large companies are still rising an average of 4% a year, and at this point it’s doubtful the 115th...

    By • May 25, 2017
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    Health-Care Purchasers Take the Wheel

    Today we are at a crossroads. Not since the turn of the century have we fundamentally reexamined our overall strategies to managing health-care costs and supporting the health and well-being of our people.Over the last 15 years, we have seen a shift of health benefits strategies from the tight co...

    By Michael Thompson • May 25, 2017