Hormel Foods Corp.’s finance chief is preparing a bond sale in part to finance the company’s recent purchase of Kraft Heinz Co.’s nuts business.
Verizon Launches $25 Billion Bond Sale to Pay for 5G Spectrum
Verizon is raising $25 billion in new debt to help it settle a bill for spectrum licenses coming due this month.
Brink’s Got Outsiders to Count Newly-Acquired Gold, Silver Bars
Counting the assets that The Brink’s Co. acquired as part of an $860 million deal took the company’s finance chief nearly a year because of pandemic-related restrictions.
Ahold CFO Aims to Make Online Sales a Larger Part of Its Revenues
The finance chief of the owner of Peapod, Stop & Shop and Food Lion plans to keep investing in new distribution channels and technology so that online shopping will become a larger part of the grocer’s overall revenue.
ViacomCBS CFO Faces Delicate Transition Toward Streaming
ViacomCBS’s finance chief is tasked with reallocating funds toward the company’s new streaming service—set to launch on Thursday—without starving its much bigger television business.
Target CFO Boosts Store Investments as Pandemic Lifts Sales
The Target veteran who has been running the retailer’s finances since 2019 is planning further investments in its stores to hold on to sales gains made during the pandemic.
Royal Caribbean CFO to Bolster Liquidity, Could Pay Down Debt After Share Sale
Royal Caribbean’s CFO plans to use the proceeds from a $1.5 billion share sale to boost the cruise operator’s liquidity and, potentially, to reduce its debt.
Companies Zoom In on Small Shareholders Amid Retail Trading Frenzy
The recent surge of small investors into some companies’ stocks is pushing investor relations departments to seek ways of engaging with their new shareholders.
GameStop’s New Mission: Level Up to Its Lofty Share Price
The run-up in GameStop’s share price this week is adding pressure on the company to deliver a turnaround that can be embraced by more than meme-stock believers.
Autodesk Names New CFO as It Looks to Do More Deals
Software firm Autodesk has poached the finance chief of SurveyMonkey to fill its void for the role of chief financial officer.