United Airlines Profit Rises 54% to $1.05 Billion
United Airlines Profit Rises 54% to $1.05 Billion

CFO Magazine · 17 Jul

United Airlines posted quarterly earnings that beat estimates on strong domestic travel demand and the second-largest U.S. carrier raised the low end

British Airways Faces Fine Over Data Breach
British Airways Faces Fine Over Data Breach

CFO Magazine · 8 Jul

The U.K. Information Commissioner’s Office (ICO) has proposed a fine of $230 million against IAG, the owner of British Airways, over thefts of custom

Puerto Rico Reaches Deal Over $35B in Debt

CFO Magazine · 18 Jun

The Commonwealth of Puerto Rico’s Financial Oversight and Management Board, the body tasked with overseeing the restructuring in billions of dollars

Spreadsheet Risks Still Being Ignored by C-Suite: Study

CFO Magazine · 12 Jun

Companies are exposing themselves to financial and reputational risk by overlooking the vulnerabilities in spreadsheets, according to survey results

Ten States Sue to Block T-Mobile, Sprint Merger
Ten States Sue to Block T-Mobile, Sprint Merger

CFO Magazine · 12 Jun

Ten states have thrown a potential roadblock in the way of the mega-merger of T-Mobile and Sprint, arguing in an antitrust lawsuit that the $26 billi

SEC Charges Longfin CEO With Accounting Fraud
SEC Charges Longfin CEO With Accounting Fraud

CFO Magazine · 6 Jun

The U.S. Securities and Exchange Commission has filed additional charges against the CEO of Longfin, alleging he falsified the cryptocurrency firm’s

Shutter Maker Files Chapter 11 With Sale Plan

CFO Magazine · 3 Jun

Shutter and blind manufacturer American Home Products has filed for bankruptcy with a plan to sell most of its assets.

Blackstone to Convert from a Partnership to a Corporation
Blackstone to Convert from a Partnership to a Corporation

CFO Magazine · 19 Apr

Private-equity firm Blackstone announced it is changing its corporate structure to a corporation from a publicly traded partnership, effective July 1

Fintech Lender Settles with SEC for Overstating Investor Returns

CFO Magazine · 19 Apr

The returns investors can earn from marketplace lending sometimes sound too good to be true. In the case of fintech company Prosper, they were. On Fr

Uber Revs up for Long-Awaited, $10 Billion IPO

CFO Magazine · 12 Apr

Uber set the stage for the largest initial public offering in years, releasing a prospectus that showed revenue growth in its core ride-sharing busin

U.S. Consumer Prices Jump 0.4% in March
U.S. Consumer Prices Jump 0.4% in March

CFO Magazine · 10 Apr

U.S. consumer prices increased by the most in 14 months in March but the core measure slipped to its lowest level in a year, indicating inflation pre

U.S. Retail Sales Take Surprising Dip in February
U.S. Retail Sales Take Surprising Dip in February

CFO Magazine · 1 Apr

U.S. retail sales fell for the second time in three months in February, signaling economic growth for the first quarter will be tepid despite a surge

Cyber Breaches Lead to Cutbacks in Dividends and R&D Spending
Cyber Breaches Lead to Cutbacks in Dividends and R&D Spending

CFO Magazine · 18 Mar

Not many institutional investors question an issuer’s approach to cybersecurity, but maybe they should. After a cyber breach, companies are likely to

GE Shares Rise on Hopes for Rebound in 2020
GE Shares Rise on Hopes for Rebound in 2020

CFO Magazine · 14 Mar

General Electric on Thursday forecast another year of falling profits and negative cash flow in 2019 but investors appeared to be cheered by its assu

The Simple Secret Behind Why Acquisitions Fail
The Simple Secret Behind Why Acquisitions Fail

CFO Magazine · 14 Mar

Corporate acquisitions often fail for a simple reason: the buyer pays too much. An old Wall Street adage comes to mind: “Price is what you pay; value

Lumber Liquidators Settles Fraud Case for $33M
Lumber Liquidators Settles Fraud Case for $33M

CFO Magazine · 13 Mar

Lumber Liquidators Holdings has agreed to pay a $33 million criminal penalty to settle allegations it made fraudulent statements to investors that Ch

Is Tax Reform Spurring Companies to Use Robots?
Is Tax Reform Spurring Companies to Use Robots?

CFO Magazine · 11 Mar

More companies are finding more uses for robots, a broad trend that certainly will further expand. Many factors explain it — including a perhaps surp

Execs' Optimism About Economy Drops to 34%
Execs' Optimism About Economy Drops to 34%

CFO Magazine · 7 Mar

Business executives’ optimism about the global economy has fallen sharply over the past year, reflecting concerns over trade conflicts, according to

Gymboree To Sell Off Brands
Gymboree To Sell Off Brands

CFO Magazine · 4 Mar

Gymboree Group is selling the rights to its Gymboree and Crazy 8 brand to The Children’s Place for $76 million. The company is also selling its high-

Lyft Gets Head Start on Uber With IPO Filing

CFO Magazine · 4 Mar

Lyft has filed paperwork for an initial public offering, promising to take investors on a ride to a transportation “revolution” but raising doubts ab

U.S. Economic Growth Slows to 2.6% in Q4
U.S. Economic Growth Slows to 2.6% in Q4

CFO Magazine · 28 Feb

U.S. economic growth slowed significantly in the fourth quarter of 2018 but the economy remains on track for its longest-ever expansion, reflecting h

Microsoft Workers Protest U.S. Army Contract
Microsoft Workers Protest U.S. Army Contract

CFO Magazine · 25 Feb

Microsoft employees are calling for the company to cancel a contract for augmented reality technology with the U.S. Army, saying they do not wish to

Key Investment Measure Drops 0.7% in December
Key Investment Measure Drops 0.7% in December

CFO Magazine · 21 Feb

U.S. core capital goods order dropped unexpectedly in December, providing further evidence of a slowdown in business spending on equipment that could

NY Fed Warns of High Auto Loan Delinquencies
NY Fed Warns of High Auto Loan Delinquencies

CFO Magazine · 19 Feb

The Federal Reserve Bank of New York has warned of a “substantial and growing number” of auto loan delinquencies in what could be a sign of trouble f

Payless to File Bankruptcy, Shutter U.S. Stores
Payless to File Bankruptcy, Shutter U.S. Stores

CFO Magazine · 18 Feb

Discount footwear chain Payless Shoesource is preparing to file for bankruptcy again after failing to revive its business amid crippling debt and com

U.S. Industrial Output Declines 0.6% in January

CFO Magazine · 15 Feb

U.S. industrial production unexpectedly dipped 0.6% in January, with across-the-board weakness raising alarms that the economy has hit a “soft patch.