Corporate Finance: Page

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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Wolters Kluwer Enters Performance Management Space

    In a deal that combines two providers of technology to international corporate finance teams, Wolters Kluwer has reached an agreement on Tuesday to buy Tagetik for 300 million euros ($316.3 million) in cash.The acquisition brings Wolters Kluwer, a provider of corporate tax compliance and internal...

    By • March 8, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    GM to Cut 1,100 Jobs at SUV Plant in Michigan

    General Motors is cutting 1,100 jobs at a Michigan plant where it manufactures SUVs — the fourth time it has announced layoffs since November.The cuts at the Lansing Delta Township plant will eliminate the facility’s third shift, with GM moving production of a new version of the GMC Acadia to Spr...

    By Matthew Heller • March 6, 2017
  • 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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    Peer-to-Peer Trust Among CFOs Achieves Worthy End

    CFOs are known to be skeptical — of internal funding requests, external sales pitches, budget proposals from business units and functions, come-ons from headhunters, proposed project deadlines … even the value of speaking to the media.But if there’s one thing they’re less skeptical of, it may be ...

    By • March 6, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Adobe’s Mark Garrett: Finance Pros Must Expand Skill Sets

    Digital transformation is disrupting company strategy and performance across industries, and with it the way internal organizations support a company’s growth agenda. While having a strong financial grounding is more essential than ever for finance professionals, it’s no longer enough.Adobe CFO M...

    By Mark Garrett • Feb. 27, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Social Media Posts Can Sink Deals

    People have been warned and warned over the past decade-plus: Be careful what you post on social media. Yet social sites are saturated with compromising posts, and a surprising number of them are made by businesspeople with a lot of money staked on their reputations.A clueless poster may, of cour...

    By • Feb. 24, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Many Companies Taking a Pass on Buying Cyber Insurance

    A September 2016 survey by the Risk and Insurance Management Society found that 80% of companies surveyed bought a stand-alone cybersecurity policy in 2016. The takeaway, according to RIMS, was that policies covering cyber exposures exclusively are now the norm for many large companies. In fact, ...

    By • Feb. 23, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    U.S. Data Breaches Hit All-Time High

    The number of reported U.S. data breaches hit an all-time high in 2016, thanks in part to new CEO phishing hacks that send phony emails to employees requesting sensitive business data.Researchers from the Identity Theft Resource Center and data-security provider CyberScout scoured federal and sta...

    By Sean Allocca • Feb. 22, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Koch Completes Acquisition of Infor Stake

    The private investment arm of Koch Industries, the industrial conglomerate of the billionaire Koch brothers, has completed its $2.5 billion acquisition of a large stake in business software provider Infor Inc.The investment by Koch Equity Development LLC is intended to boost Infor’s financial mus...

    By Matthew Heller • Feb. 22, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Raising the Minimum Wage Makes Economic Sense

    Businesses depend on customers who can afford to buy what they are selling. When millions of workers can’t make ends meet because their wages haven’t kept up with the cost of living, it hurts business and it hurts the economy.Holly Sklar Minimum wageThe minimum wage sets the floor under worker pa...

    By Holly Sklar • Feb. 17, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    $5.6B Charge Dims AIG Turnaround Hopes

    AIG posted a larger-than-expected quarterly loss as the insurance giant booked a $5.6 billion reserve charge to cover possible future claims, casting doubt on its turnaround efforts.For the fourth quarter, AIG had a net loss of $3.04 billion, or $2.96 per share, compared to a loss of $1.84 billio...

    By Matthew Heller • Feb. 16, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    U.S. Producer Prices Surge 0.6% in January

    Prices paid by U.S. businesses for goods and services posted their largest gain in more than four years last month but the strength of the dollar may limit any spillover to consumer inflation.The Labor Department said its producer price index jumped 0.6% on a seasonally adjusted basis in January....

    By Matthew Heller • Feb. 15, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    $6 Billion Writedown Adds to Toshiba Turmoil

    The turmoil at Toshiba intensified Tuesday as the conglomerate projected a $6.3 billion writedown, wiping out shareholder equity, and said its chairman had resigned.Toshiba also delayed its earnings report because of allegations of impropriety, sending its shares down 8% in Tokyo trading. The num...

    By Matthew Heller • Feb. 14, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Master of All Metrics

    In the quaint days of old, managing a business entailed studying last quarter’s revenues and expenses, taking the pulse of market demand, and conjecturing a forecast with fingers crossed. Do this today and you’d be laughed out of the boardroom.Companies now plot their future on more than just fin...

    By Russ Banham • Feb. 3, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    CFOs on the Move: Week Ending Feb. 3

    The Charles Schwab Corp. has promoted Peter Crawford to finance chief, effective May 16. He takes over for Joseph Martinetto, who will remain senior executive vice president. Crawford joined the firm in 2001 and was named executive vice president of finance in 2015.ToniAnn Sanzone Chip Molloy, to...

    By Joan Urdang • Feb. 3, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Exposure to Wage-and-Hour Class Actions Heightens

    The dollar volume of settlements of class-action litigation against U.S. companies over employee-compensation practices soared in 2016 for a second year in a row, and 2017 is likely to bring more of the same, according to national law firm Seyfarth Shaw.The value of settlements in so-called “wage...

    By • Feb. 1, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    CFO Brings ‘New Thinking’ to Private Equity Portfolio Firm

    Just hired for the fourth time to be the CFO of a private equity-owned portfolio company, Andy Goldstein’s mission is to guide his new employer through its next stage of growth.Andy Goldstein Private equityThe 13-year-old company, Purch (formerly TechMediaNetwork), is “not a startup anymore” and ...

    By • Jan. 31, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Tempur Sealy Stock Tumbles on Contract News

    Tempur Sealy said its brands would no longer be sold at Mattress Firm stores because of a contract dispute, sending its stock tumbling to the lowest closing price in more than three years.The shares fell closed down 28% at $45.49 on Monday after Tempur Sealy announced the terminations of its agre...

    By Matthew Heller • Jan. 30, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Toshiba to Sell Stake in Memory Chip Business

    Toshiba said Friday it would sell part of its semiconductor business as it seeks to shore up its finances ahead of an imminent multi-billion dollar writedown related to its U.S. nuclear business.The Japanese conglomerate was already reeling from a $1.3 billion accounting scandal when it announced...

    By Matthew Heller • Jan. 27, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    CFOs on the Move: Week Ending Jan. 27

    Robert Langer has been chosen to fill the top finance spot at Disney/ABC Television Group. He succeeds Peter Seymour, who announced in November that he would step down. Most recently, Langer was country manager for The Walt Disney Co. in Germany, Switzerland, and Austria.Robert Langer Real estate...

    By Joan Urdang • Jan. 27, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    How Hard Is It to Achieve Target Incentive Payouts?

    If you’re a top executive at a very large company that offers performance-based bonuses and you don’t get one, you’re part of an unfortunate, small minority.Compensation Advisory Partners examined incentive payouts from 2010 through 2015 by 100 publicly held companies — each with at least $18 bil...

    By • Jan. 24, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Oil Shipper and Its Former CFO Fined for Understating Tax

    Overseas Shipholding Group has agreed to pay $5 million to settle charges that the oil shipper and its former CFO failed to account for more than $500 million in tax liabilities arising from a foreign subsidiary’s guarantees of credit agreements.According to the U.S. Securities and Exchange Commi...

    By Matthew Heller • Jan. 24, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    The CFO-CIO Relationship: Bridging the Gap

    Imagine the start of a meeting between a company’s CIO and CFO. They sit silently across the conference table from each other, like two prizefighters squaring off. What is each of them thinking?[The CIO]: So, what’s my play here? I need funding for new digital projects, but the CFO is going to st...

    By Bryan Mueller • Jan. 23, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Ford to Take $3 Billion Pretax Charge in 2016

    Ford Motor said Friday it expects to take a $3 billion pretax charge to its fourth-quarter earnings due to the change in pension accounting it made a year ago.On an after-tax basis, Ford said, the remeasurement loss will reduce its full-year net income by about $2 billion in 2016.The automaker la...

    By Matthew Heller • Jan. 20, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    CFOs on the Move: Week Ending Jan. 20

    Fareed Khan will join Kellogg on Feb. 17 and will become CFO and principal financial officer the day after it files its Form 10-K. Khan, who takes over for finance chief Ron Dissinger, most recently headed finance at US Foods Holding Corp., where he will be replaced by senior vice president, fina...

    By Joan Urdang • Jan. 20, 2017
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Treasurer Charged with Hedge Accounting Violations

    Seattle-based financial services company HomeStreet  has agreed to pay a $500,000 penalty to settle charges that it conducted improper hedge accounting and later took steps to prevent employees from blowing the whistle on the company.HomeStreet’s treasurer, Darrell van Amen, agreed to pay a $20,0...

    By • Jan. 20, 2017