August 2007 - Posts
-
Yikes! Labor Day already and you haven't done your summer reading? Never fear. Here's our short list of the most popular stories on CFO.com since Memorial Day. Spent your vacation reading Harry Potter and the Deathly Hallows ? Not to worry. Here at CFO...
Read More...
|
-
John L. Steinbrun leaves the frozen-food maker for a CEO slot at an unnamed company in another industry. The CFO of a small private-label frozen foods maker is leaving to take the chief executive officer position at another, undisclosed company outside...
Read More...
|
-
Shaw Group files restated results over estimated costs of projects and an investment in Westinghouse. The Shaw Group filed its restated results for the first fiscal quarter ended November 2006. It restated results include items which reduced previously...
Read More...
|
-
Should accounting standards reflect current events, or should they be written for the ages? The Financial Accounting Standards Board has embarked on a project that might plunk employers down squarely into events like the sub-prime mess in an unexpected...
Read More...
|
-
A recent analyst lawsuit over SEC responses to freedom of information requests ends badly for both sides, and sounds a cautionary note for companies. The Securities and Exchange Commission constantly promotes transparency, but one critic says the regulator...
Read More...
|
-
The retailer misses another filing deadline as it investigates the behavior of two executives accused of violating its policies. The Children's Place Retail Stores has missed another regulatory filing deadline as it probes violations of its company policies...
Read More...
|
-
Two months after International Rectifier fired its CFO, its CEO goes on a leave of absence while the company looks into accounting irregularities. In the middle of an investigation into accounting irregularities at a foreign subsidiary, International...
Read More...
|
-
A slew of companies tapped Wall Street in August for help buying back shares through accelerated repurchase programs. Dollar Tree Stores is the latest company to tap Wall Street and money center banks for assistance in buying back shares via an accelerated...
Read More...
|
-
Integrated Electrical Services settles SEC charges that it didn't properly reserve for disputed receivables. The Securities and Exchange Commission has settled civil charges against an electrical contracting company and seven former officers and employees...
Read More...
|
-
Latin American firms need to get better at forecasting and cash collection. click here to view the complete survey results Despite healthy economic growth in Latin America, companies there saw a slump in their working capital performance in 2006, according...
Read More...
|
-
The Lowell Mills offer a lesson in the perils of focusing on labor costs at the expense of technology. The building of Samuel Slater's mill in Pawtucket, Rhode Island in 1793 marked a genuine paradigm shift: the transition of cloth-making from the home...
Read More...
|
-
Byron Pollitt will take over Visa's finance chief position in mid-September. One month after Gap brought in a new chief executive officer, its finance chief announced he is leaving the retailer for the CFO job at Visa Inc. Byron Pollitt, who has been...
Read More...
|
-
An investment research firm had accused the regulator of unlawfully denying requests for information about its company investigations. A federal judge has decided not to sanction the Securities and Exchange Commission for denying Freedom of Information...
Read More...
|
-
The Dutch conglomerate is set to end its stormy relationship with U.S. investors. Ahold, the Dutch food conglomerate that was embroiled in a major accounting scandal at its US Foodservice subsidiary a few years ago, is planning to part ways with the New...
Read More...
|
-
Will U.S. tech companies lose out if foreign issuers can use international accounting standards to report here? The Securities and Exchange Commission's proposal to stop requiring some foreign companies to reconcile their financials with U.S. generally...
Read More...
|
-
The volume of corporate bonds issued during the first half of 2007 was 22.7 percent higher than last year's first and second quarters, according to a new report. Call it the boom before the storm. Corporate bond issuance set a new record in the first...
Read More...
|
-
Its second huge spin-off, of Philip Morris International, aims to split faster-growing overseas tobacco business from U.S. litigation constraints. Altria Group Inc., which spun off Kraft Foods earlier this year, plans to do the same with its Lausanne...
Read More...
|
-
Canadian firms are operating efficiently, but still have room to improve when it comes to payables and inventories. Click here to download the complete survey results. Canada's expanding economy and the growing reach of both sales and outsourcing helped...
Read More...
|
-
Food-products giant names Timothy McLevish, effective Oct. 1. Kraft Foods Inc. announced that CFO James Dollive will retire after 29 years with the company, and named Ingersoll-Rand Co. senior vice president and CFO Timothy McLevish to succeed him effective...
Read More...
|
-
Majority owner Paul Allen is reportedly mulling ways to de-leverage the cable company. Charter Communications, which may be on the block or headed toward private-equity financing, has filed a registration statement to exchange up to $309 million of its...
Read More...
|
-
In a global study, U.S. finance managers admit to working longer hours, with 39 percent staying connected while they're on vacation. Here's a survey to ponder over the Labor Day weekend — that is, if you'll just take a minute to log off on the computer...
Read More...
|
-
George Reyes announced he will retire from his post as finance chief and senior vice president at the end of the year. Google Inc.'s chief financial officer and senior vice president George Reyes has announced he will retire at the end of the year. Reyes...
Read More...
|
-
A general counsel brought the idea of misdating stock option grants from one company to another, says the SEC. Could it have happened elsewhere? Since the backdating scandal began unfolding nearly two years ago, regulators and outsiders have been wondering...
Read More...
|
-
Richard Lynn Wheat is accused of arranging to automatically pay the monthly balance of his personal credit card bill out of the hospital's bank account. The former CFO of a nonprofit California hospital was charged Monday with embezzling $96,000. Richard...
Read More...
|
-
Lighter sentences expected for employees who testified against the former CFO and others in the finance department. Prosecutors are asking a judge to go lightly on Wednesday when he sentences three former executives of Enterasys Networks who testified...
Read More...
|
More Posts Next page »
|
|
|
|
|
