Tool maker Stanley Black & Decker Inc. will require its U.S. employees to wear masks regardless of their vaccination status starting Friday, but won’t mandate inoculations for fear workers might quit or strike, the company’s finance chief said.
Duolingo Allows Employees to Sell a Portion of Their Shares Early
Language-learning platform Duolingo Inc. joined a group of companies that have allowed their employees to sell a portion of their shares soon after going public, easing the typical six-month lockup, its finance chief said.
XPO Logistics Appoints Insider as CFO Just Days Before Spinoff
XPO Logistics Inc. has named a new finance chief just as it prepares to spin off a business unit that generates over a third of its revenue and focus solely on the booming transportation sector.
Elevator Maker Otis Faces Pushback From Suppliers on Prices
Suppliers are pushing back on elevator maker Otis Worldwide Corp.’s efforts to lock in prices for steel and other raw materials, the company’s finance chief said.
Whirlpool Considering More Price Increases if Inflation Exceeds Forecasts
Whirlpool Corp., which manufactures washing machines, KitchenAid mixers and other home appliances, is considering additional price increases should inflation outpace its forecasts.
Finance Chiefs Are Still Trying to Replace Excel With New Tools
Finance chiefs are still trying to get employees to move away from Microsoft Excel, the ubiquitous spreadsheet program loved and loathed by accounting professionals.
Exxon Turns to Company Outsider to Fill CFO Role
Exxon hired a company outsider to lead its finances, a move that comes as the energy giant faces investor pressure to take more steps to transition away from fossil fuels.
Levi’s CFO Looks to Bring Down Debt Further as Business Recovers
Levi’s is working to pay down the debt that the jeans maker took on during the onset of the pandemic, joining other publicly traded companies that have reduced their financial obligations.
ZoomInfo Technologies Using New Financing to Help Pay for AI Startup
Business-intelligence platform ZoomInfo Technologies Inc. raised about $500 million in debt and plans to use some of the funds to buy an artificial-intelligence startup, a deal that comes on the heels of a record-breaking first half of the year for mergers and acquisitions involving U.S. companies.
What Some CFOs Are Doing to Fight Inflation
Finance chiefs across industries are facing higher costs as the economic rebound drives up demand for raw materials, components, energy and transportation. Wages are also on the rise, adding to the expenses executives need to cover.
From increasing product prices to cutting costs, CFOs have various tools they can use to curb the impact of inflation. Here are some options.