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The former deputy chief will lead the agency's Office of Chief Accountant. The Security and Exchange Commission's deputy chief accountant, James Kroeker, has been named acting chief accountant by SEC chairman Christopher Cox. Kroeker replaces...
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Need to catch up? Here are the ten most popular stories that appeared in the print edition of CFO Europe magazine throughout 2008. Dash for Cash With credit at a premium, freeing up funds from working capital gains a new urgency. (Includes scorecard ...
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Report shows that there were no venture-backed offerings in the latest fourth quarter. The 2008 desert known as venture-backed initial public offerings was devoid of oases in the fourth quarter. And for the entire year there were just six such IPO exits...
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Here are ten bright spots to savor amid the economic gloom. The financial headlines are grim, but every cloud has a silver lining, right? Right? That old adage is being severely tested these days, but we did manage to unearth a handful of positive developments...
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"Many of us have lost confidence in the SEC," a Congresswoman declares. The attempt to determine whether the Securities and Exchange Commission failed to do its job in detecting the $500 billion Ponzi scheme put together by Bernard Madoff will...
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AerCap Holdings wins a guarantee from the European Export Credit Agencies; deal covers much of the remaining Airbus A330 ordering. AerCap Holdings N.V., a global aircraft and engine leasing company, said it will receive up to $1.4 billion in financing...
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The largest offering to be backed by the FDIC, it includes two-year notes, 3.5-year notes, and one-year and 18-month floating-rate notes. General Electric Capital Corp. is tapping the capital markets with a $10-billion, four-part sale of notes. The sale...
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The veteran of 22 years at the key division will have an "acting" role until Obama's choice for SEC chair, Mary Schapiro, can decide on a permanent choice. The deputy director of the Securities and Exchange Commission's Division of Corporation...
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The function that no one likes to think about is now getting plenty of attention, and even a little respect. Cash-flow traffic cop, investment expert, in-house banker, judge of capital-investment decisions, financial risk manager — treasury departments...
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In our M&A Roundup for the week ended Jan. 4, a mere 16 North American transactions are arranged, with only Chesapeake Corp.'s billion-dollar bankruptcy buyout topping $150 million. Dealmaking nearly disappeared in the transition week between...
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But if the global recession continues to spiral downward, many companies will try to slash their insurance bills by resorting to various forms of self-insurance, a new report predicts. Following five years in the bargain basement, property-casualty insurance...
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Iconic luxury products maker Waterford Wedgwood files for bankruptcy, joining a host of British consumer-products companies in receivership. Waterford Wedgwood PLC became the latest consumer products company or retailer to file for bankruptcy. Its stock...
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A roundup of key accounting deadlines, developments, and detours to watch for in 2009. Molasses gets a bad rap for being slow — particularly in January — but 90 years ago this month more than 2 million gallons of it flooded the city of Boston...
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While it's tempting to cut prices during tough economic times, a better approach may be to introduce a "fighter brand." At first glance this may not seem like the ideal time for you to greenlight a new product launch. After all, consumers...
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Fossil-fuel betas put energy risk in its place. Only last April, Michael Graff of Graff Trucking predicted catastrophe if diesel prices climbed higher. "I'm at the point where I'm questioning my ability to continue to operate," he said...
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In report to Congress, the commission defends mark-to-market accounting but expects standard-setters to better explain how to implement the rules. The Securities and Exchange Commission, as expected, has decided not to suspend mark-to-market accounting...
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Lessons from the fall. The financial crisis of 2008 was building for a long time, but Sept. 15, the day Lehman Brothers went under, may be considered the day all hell officially broke loose. What at first seemed to be a banking crisis rapidly spread,...
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Likely it's a year-end anomaly, as signs of economic problems are hardly abating. But the job losses continue at AMD, Interface Inc., Kemet, Textron, and Unisys. The rapid pace of layoffs slowed a bit as Corporate America — with its record November...
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Detroit has been given a brief reprieve, but the threat of bankruptcy still looms. The sense of relief in Detroit that greeted the $17.4 billion federal lifeline thrown by President Bush to General Motors and Chrysler just before Christmas is unlikely...
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UBS has had a terrible crisis. That may help it have a better aftermath. "FAIL fast, fail early" is a management mantra in many industries. Identify the projects that will not pay off quickly, and the costs of failure are capped. Banks have...
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U.S. and international accounting standard-setters form a monitoring body to help the industry cope with future political storms. The newly established Financial Crisis Advisory Group — a heavyweight board made up of current and former regulators...
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Behind in your reading? Below are the ten most popular stories that appeared in the print edition of CFO magazine throughout 2008. Future Tense The financial crisis obliterated corporate forecasts. Now, CFOs struggle to assess what lies ahead. Goodbye...
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Re-training America's workers: Thousands of workers are losing their jobs. America now faces the hard task of getting them back to work. Moira McKamey is one of many Americans with more free time than she would like. In November DHL, an express delivery...
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Survey shows 56 percent of employers not making plans for increases or decreases, with job-cutters outnumbering hirers 16 to 14 percent. Even as the drumbeat of layoffs grows around the country, most companies in a new survey that they're planning...
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Executives learn the fine art of collaboration through the Second Life virtual world at Indiana University's Kelley School of Business. With the credit crunch bearing down on them, finance executives may feel like escaping to an alternate reality...
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