Companies are buying back debt, pushing out maturities and reviewing cash-management strategies as they sharpen their focus on financing costs as interest rates continue to rise.
AB InBev Is Trying to Catch Up With Inflation in Some Countries, CFO Says
Anheuser-Busch InBev SA/NV says some of its beverages are going to get pricier and come in variable sizes as the maker of Corona and Bud Light looks to catch up with inflation in the U.S. and elsewhere.
Bayer Is Using Detailed Data to Improve Forecasting, CFO Says
While the company doesn’t rely on fully automated forecasts for its divisions yet, it is experimenting with advanced forecasting and predictive analytics, according CFO Wolfgang Nickl.
Companies Buying Back Stock Enjoy a Discount as Markets Tumble
Companies that repurchase their shares are getting more bang for their buck as market declines depress stock prices, helping to boost buyback activity, which is expected to hit a record $1 trillion this year.
Lordstown Motors Remains Concerned About Ability to Stay in Business, CFO Says
Lordstown Motors Corp.’s ability to stay in business for at least another year remains in doubt until it secures more funding and its market value rises, its finance chief said after the electric-truck maker sold its factory to raise cash.
Hot Job Market, Strong Demand for CFOs Strain Due Diligence
The sudden exit of Moderna Inc.’s newly hired chief financial officer shines a light on the challenges companies and recruiters are facing in a tight job market, in which candidates often have more than one competing offer, forcing hiring managers to make quick decisions.
Ukraine War, Inflation and Covid-19 Keep CFOs on Their Toes Over Forecasts
More than two years after the early waves of the pandemic forced executives to toss out their forecasts, finance chiefs are getting attuned to a barrage of challenges they didn’t see coming: the war in Ukraine, Western sanctions against Russia, volatile stock and bond markets, new lockdowns in China, continued supply-chain disruptions and the rapid rise in inflation. Here’s how they’re adjusting their plans.
Unum Finance Chief Stresses Importance of Advocating for Digital Transformation
Finance executives should acknowledge when their teams make progress applying technology to improve their business processes, says the CFO of insurance company Unum.
Google Finance Head: Anything That Can Be Automated, We Strive to Automate
Alphabet Inc.’s Google is working to automate as many finance tasks as possible as it looks to reduce the amount of manual work that its employees have to do.
Companies May Speed Up Refinancing Plans as Higher Rates Loom
Companies looking to tap the debt markets will likely accelerate those plans after Federal Reserve minutes revealed that half-percentage point rises in interest rates might be in the offing to curb inflation.