Cash-management company Brink’s Co. has halted all operations in Russia, including bank note transfers, to ensure it complies with newly introduced U.S. sanctions against the country, its finance chief said.
Cruise CFO Hammers Out Robotaxi Venture’s Cost Structure Ahead of Charging Customers
Cruise finance chief Bill Nash said he is learning from other ride-hailing companies as he works to finalize the cost structure of his company’s robotaxi venture.
Applied Materials Uses Automation to Shift How Finance Workers Spend Their Time
Applied Materials Inc. is working to automate its finance processes to boost efficiency and free up employees for more analytical tasks. Here’s how.
Marriott Plans to Slash Debt by Hundreds of Millions of Dollars in 2022
Marriott International Inc. is working to slash its debt and is considering its options for $1.5 billion in maturities that will come due between now and the end of 2024, the hotel chain’s finance chief said.
Higher Interest Rates Not a Major Worry for CFOs of Large U.S. Companies
Many finance chiefs have done their homework. They refinanced some of their companies’ debt maturities early and locked in cheap rates, making them less exposed to rising interest rates and higher funding costs. Executives at large U.S. companies, including General Motors Co., XPO Logistics Inc. and Levi Strauss & Co., said they aren’t overly concerned about tighter monetary policy, given that interest rates are set to rise from low levels.
Microsoft Keeps Its Finance Head Count Flat With AI, Bots and Other Tech
Cory Hrncirik, who leads Microsoft’s Modern Finance initiative, told WSJ’s CFO Journal about the tools the company is using to streamline and simplify finance work, and why the organization still uses Excel for some tasks.
Connecting With Small Shareholders Remains a Challenge for Companies
A year after the meme-stock frenzy took off, many companies continue to struggle to connect with the small investors who collectively showed how they can take share prices for a wild ride.
Omicron Pushes Some Companies Back to Virtual Shareholder Meetings
Some companies are switching to virtual shareholder meetings again as the Omicron variant continues to spread through the U.S. and businesses take precautions to limit infections.
Kraft Heinz CFO Paulo Basilio to Depart in March
Paulo Basilio, the two-time finance chief of consumer-goods giant Kraft Heinz Co. who pruned the company’s portfolio and brought down debt, also trained up his own successor.
Medical Glassmaker Schott to Increase Spending Amid Boost From Covid-19 Vaccines
Schott AG’s finance chief plans to increase spending this year as the specialty glass and materials manufacturer sees growing demand for its products, including syringes and vials for Covid-19 vaccines.