‘If I could raise money at $300 a share, I will do it in a heartbeat’: As retail investors pile into certain stocks, CarParts executives said it would be foolish not to take advantage of high stock market valuations and raise fresh capital.
Stock-Market Frenzy Offers Some CFOs a Chance to Cash In
The recent surge in some company stocks is providing CFOs with a sudden window of opportunity to tap new sources of funding. But not all of them are likely to cash in.
Will Brexit Lead to Higher Funding Costs? Companies Aren’t Sure
CFOs will have to wait and see if Brexit will lead to higher funding costs, as many British and European companies loaded up on liquidity before Dec. 31, potentially masking any immediate effects of the split.
American Eagle Outfitters CFO Seeks to Provide Investors With Additional Insights
Clothing retailer American Eagle Outfitters Inc. will start breaking out results for its namesake and Aerie brands separately as its businesses are growing at different speeds and investors seek additional insights.
Companies Revisit Financial Forecasts Ahead of Potential Tax Changes
Companies are ramping up their financial forecasting and planning to prepare for potential changes to the U.S. tax code under the incoming Biden administration, which are more likely after Georgia’s runoff elections handed Democrats control of the Senate.
Zoom CFO Opts for Equity Raise Instead of Debt Sale to Keep Options Open
Zoom’s finance chief opted for an equity raise rather than a debt sale as the software company sought additional funding to build out its operations.
Diageo CFO Mikells to Leave; North America Finance Chief to Take Over
Diageo named the finance chief of its largest and most profitable business as its next CFO, succeeding Kathryn Mikells, who plans to leave the company at the end of June.
Finance Chiefs Prepare for Potential Rule Changes, Return to the Office
Chief financial officers, policy makers and other executives discussed the pandemic, regulatory changes and other issues during The Wall Street Journal’s CFO Network Summit on Wednesday.
Starbucks Recruits Company Veteran for CFO Role
Starbucks named a 16-year company veteran as its new finance chief as it works to recover from the coronavirus pandemic, which hurt its sales across the globe.
U.K. Watchdog Finds Deloitte, Former Partners Failed to Challenge Autonomy’s Accounting
The Financial Reporting Council, the U.K.’s accounting watchdog, on Wednesday said Deloitte and two former partners were “culpable of serious and serial failures” in their audits of Autonomy, wrapping up a yearslong investigation after findings of misconduct.