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NINA TRENTMANN

Financial Journalist

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S&P Global Pays Severance to Russian Employees Being Let Go

March 21, 2022// by Nina Trentmann

Ratings company S&P Global Inc. is dismissing employees as it winds down its operations in Russia amid the country’s war with Ukraine, according to two people familiar with the matter.

Filed Under: Uncategorized

Discovery Closes $30 Billion Bond Deal in Choppy Markets

March 17, 2022// by Nina Trentmann

Discovery Inc.’s finance chief in recent days faced the challenge of having to secure $30 billion in funding for its planned merger with AT&T Inc.’s media business in volatile markets and with a tight window.

Filed Under: Uncategorized

Hedges Give Companies Temporary Relief From Surging Energy Prices

March 14, 2022// by Nina Trentmann

Companies that previously locked in energy prices are being shielded from surging gas, oil and electricity markets, but that protection will fade as hedges expire and the costs of new ones catch up with today’s higher energy prices.

Filed Under: Uncategorized

CFOs Seek Higher Returns on Cash, but Banks May Be Slow to Raise Rates

March 11, 2022// by Nina Trentmann

Finance chiefs and treasurers expect to earn higher interest on cash piles parked at banks once interest rates go up, but banks, awash with trillions of dollars in deposits, might take their time before they pay commercial customers more.

Filed Under: Uncategorized

Companies Scrap IPOs Amid Russian Invasion of Ukraine

March 5, 2022// by Nina Trentmann

Companies are putting the brakes on planned initial public offerings and other equity capital markets transactions as investors pull back following Russia’s invasion of Ukraine.

Filed Under: Uncategorized

Brink’s Stops Russia-Related Transactions to Comply With U.S. Sanctions, CFO Says

February 25, 2022// by Nina Trentmann

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.

Filed Under: Uncategorized

Cruise CFO Hammers Out Robotaxi Venture’s Cost Structure Ahead of Charging Customers

February 23, 2022// by Nina Trentmann

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.

Filed Under: Uncategorized

Applied Materials Uses Automation to Shift How Finance Workers Spend Their Time

February 18, 2022// by Nina Trentmann

Applied Materials Inc. is working to automate its finance processes to boost efficiency and free up employees for more analytical tasks. Here’s how.

Filed Under: Uncategorized

Marriott Plans to Slash Debt by Hundreds of Millions of Dollars in 2022

February 17, 2022// by Nina Trentmann

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.

Filed Under: Uncategorized

Higher Interest Rates Not a Major Worry for CFOs of Large U.S. Companies

February 15, 2022// by Nina Trentmann

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.

Filed Under: Uncategorized

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