Some finance chiefs say they have plenty of money to invest in their businesses, but shortages in the equipment and people needed for new projects are limiting how much they can take on, leaving a lot of excess cash for buying back stock.
Large U.S. banks typically choose a company veteran when they hire a chief financial officer, a pattern highlighted Friday when Bank of America Corp. named a new CFO.
ZoomInfo Technologies Inc. is simplifying its shareholder structure as it looks to become more attractive for new investors and remove hurdles for potential deal making.
Finance executives at German blue-chip companies are facing stricter oversight and governance requirements following the overhaul of Germany’s DAX index of leading businesses, which will be expanded by 10 firms this month.
Clothing retailers are improving their profit margins by keeping their inventory low and offering fewer end-of-season markdowns.
Willis Towers Watson rehired a former executive to be its finance chief as the insurance broker works to chart a new path after its merger with rival Aon fell apart due to antitrust concerns.
Walgreens Boots Alliance Inc. recruited a former Walmart Inc. executive to manage the finances of its U.S. business, which generates the bulk of the pharmacy chain’s revenue.
Healthcare Services Group agreed to pay $6 million to settle SEC charges that it inflated its earnings per share to meet analyst estimates.
FactSet Research Systems Inc. hired a finance veteran as its next chief financial officer, a move that comes as the information provider looks to expand its business.
Finance chiefs are revising their product portfolios and packaging to reduce the impact of higher costs and supply disruptions on their businesses.