Cutting dividends is a step that finance executives usually try to avoid, as it can prompt investors to move their money elsewhere. But, squeezed by higher interest rates, tighter profit margins and an uncertain economic outlook, some executives are tightening their companies’ belts at the expense of shareholders.
GXO Looks at Selling High-Grade Bonds and Plans to Cut Debt
My first story for Bloomberg News: GXO Logistics is looking to sell bonds to refinance outstanding bank loans while also bringing down its debt levels as interest rates rise.
Hello, Bloomberg!
This was my first week with Bloomberg in New York. Working here has been a dream of mine for many years. I will be leading a team of reporters in the Credit Americas division, covering structured finance, ESG, Latin American & Canadian credit markets and investment-grade new issuances.
Farewell, WSJ!
Friday was my last day at the Wall Street Journal. I am very grateful for all the things I learned, and the opportunities I was given. It’s been a privilege to work with so many smart and principled people. Being part of the Journal has meant a lot to me. Thank you all!
WSJ News Exclusive: Fanatics Hires CFO for Collectibles Business After Topps Deal
Sports-merchandise retailer Fanatics has hired a finance chief for its collectibles business, which is set to expand beyond baseball cards in the coming years.
Fed Rate Increases Upended Funding Markets in 2022. Here’s What CFOs Can Expect in 2023.
Companies continued to feel the pinch of higher financing costs in 2022. As the Fed gets ready to unveil its next rate increase, finance chiefs are looking for clues on where rates might go in 2023.
GE Healthcare Plans to Reduce Debt and Costs, Pursue Tuck-In Acquisitions
GE’s healthcare business plans to reduce debt, bring down costs and pursue tuck-in M&A after its spinoff in early January.
Nissan Grapples With Currency Volatility, Even as Weak Yen Boosts Earnings
For Nissan Motor Co. finance chief Stephen Ma, the weak yen has been both a boon and a bane.
U.K. Tax Change to Yield Higher Costs, But Much Needed Certainty for Companies
After a handful of flip-flops, the U.K. government has landed on a 25% corporate tax rate. Despite the expected increase in costs, finance chiefs say they at least know what’s coming.
With Debt Coming Due, Investment-Grade Companies Are Paying Up, Too
Corporate funding markets appear to be thawing as finance chiefs at a number of highly rated companies face a year-end deadline decision: Refinance near-term debt coming due with bonds at higher rates now or turn to shorter-term options on the chance rates might be lower in the new year.