Tue.Feb 14, 2023

article thumbnail

Ford to layoff 3,800 employees in engineering, administration in Europe

CFO News

Around 2,300 jobs will go at the carmaker's Cologne and Aachen sites in Germany, 1,300 in the UK and 200 in the rest of Europe, the company said, adding that it intends to achieve the reductions through voluntary separation programmes.

52
article thumbnail

CFOs need to take risks with AI: Anaconda

CFO Dive

CFOs need to be mindful when it comes to investing in or experimenting with AI, but the nascent nature of the technology means finance chiefs need to be comfortable with some level of risk.

Finance 257
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Navigator Business Solutions Receives SAP® North America Partner Excellence Award 2023

Navigator SAP

Navigator Business Solutions Receives SAP® North America Partner Excellence Award 2023 for Cloud Renewal Excellence Award Presented at Customer Success Kick-off 2023

SAP 130
article thumbnail

Marriott CFO says wage pressures have moderated

CFO Dive

As pandemic restrictions loosened and travel resumed, many lodging companies have struggled to staff hotels, with some cutting back housekeeping.

CFO 260
article thumbnail

Planning Your Restaurants Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

article thumbnail

Alien Invasion!!!

Barry Ritholtz

Over the weekend, a NATO general was asked by a bright-eyed reporter whether or not the various flying objects that were being shot down might be aliens visiting from elsewhere in the galaxy. His throwaway response of “ We don’t rule anything out ” was sufficiently ambiguous to set the conspiracy theorists atwitter. “Of course, they dropped this during the Superbowl, when no one’s paying attention,” was the LOL tweet.

More Trending

article thumbnail

Presidential Election Cycle Theory: A Bullish 2023?

CFA Institute

What are the strengths, limitations, and nuances of presidential election cycle theory and what does the current political context foretell regarding whether 2023 will follow the predicted trend?

article thumbnail

Rapid inflation persists as Fed officials favor higher rates

CFO Dive

Federal Reserve policymakers have recently voiced particular concern for persistently high gains in prices for services excluding housing.

254
254
article thumbnail

In Memory of Jeff Davis

Focus CFO

We are saddened to announce that our friend and colleague, Jeff Davis, has recently passed away. Jeff joined the FocusCFO team in 2020, where he shared his talents and experience as an entrepreneur and business leader to help businesses in his local community. Jeff's generosity with his time and talent was a treasure to his clients and colleagues. Should friends desire, memorial donations in Jeff's honor may be made to Montrose Zion United Methodist Church in Akron, Ohio or to the American Cance

52
article thumbnail

Mediabrands Greater China appoints CFO

Future CFO

Mediabrands Greater China announced recently the appointment of Crystal Zhang as CFO. With almost three decades of financial expertise under her belt, Zhang joined from her prior role as CFO for investment management company Withinlink. She also had professional experiences from Dentsu Aegis network and WPP group in China, providing senior financial leadership including M&A and integration.

CFO 52
article thumbnail

How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

article thumbnail

Aditya Birla Group in talks with global banks for Vi equity infusion

CFO News

These funds will be used to part-finance the planned ₹5,000-crore equity infusion by the promoters into Vi, following the Indian government's decision to convert dues worth ₹16,133 crore into equity, said two people directly aware of the matter.

Banking 52
article thumbnail

January inflation came in higher than expected, rising 0.5% to an annual rate of 6.4%

Tips Watch

Non-seasonally adjusted inflation rose 0.8%, giving a boost to investors in TIPS and I Bonds. By David Enna, Tipswatch.com The January inflation report, just released by the Bureau of Labor Statistics, showed a return to higher-than-expected U.S.

article thumbnail

Adani Group looks to repay $500 million bridge loan to fund acquisition of Holcim cement units

CFO News

The Adani Group completed the acquisition of Holcim's stakes in Ambuja Cements and ACC in September 2022. The group, which has an estimated debt of $30 billion, has been looking at ways to calm nervous investors.

52
article thumbnail

The “No Landing” Scenario

The Reformed Broker

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►A Strengthening consumer – “January expected household income drop was greatest in survey history” ►The “No Landing” Scenario – “The remarkable momentum in consumer spending an.

Finance 52
article thumbnail

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

article thumbnail

ADIA, Goldman Sachs, Carlyle eye TVS Motors' EV arm with $300 mn-$350mn cheque

CFO News

If the deal takes place at this valuation, it will become the most valuable two-wheeler EV company in the country. The current market value of TVS Motor is Rs 51,238.15 crore.

article thumbnail

Financing Liquid Waste Equipment

Commercial Credit Group

What do vacuum and pumper trucks, water blasters, portable restrooms, excavators and skid steers have in common? They are all equipment used in the liquid waste and wastewater industry.

Finance 52
article thumbnail

Fed officials keep door open to peak policy rate above 5.1%

CFO News

Williams on Tuesday sounded a touch more hawkish note, and said that ending 2023 with the benchmark overnight interest rate between 5.00% and 5.50% "seems to be the right kind of framing" for the policy outlook.

article thumbnail

#FA Success Ep 320: Navigating Hyper-Growth To Achieve Platform Scale For Independent Advisors, With Jim Dickson

Nerd's Eye View

Welcome back to the 320th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Jim Dickson. Jim is the CEO and Founder of Sanctuary Wealth, an RIA platform with 80 partner firms in 29 states that collectively oversee nearly $25 billion in assets under management. What's unique about Jim, though, is how he has built an RIA platform approaching $25B in AUM in just 5 years, and the way he’s managed everything from hiring and staffing to raising outside investor ca

article thumbnail

Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

article thumbnail

Gautam Adani crisis likely to leave India’s conglomerates unscathed

CFO News

India's conglomerates do not yet rank among global majors like Apple and Tesla, but neither are they about to collapse in a heap of governance failures. Adani is an outlier, not representative of India Inc as a whole, and its stock rout is unlikely to spill over to other Indian conglomerates.

52
article thumbnail

Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: Zoetis, Citigroup & Nvidia from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

52
article thumbnail

Future Generali India Life appoints Alok Rungta as CFO & Head Business Transformation

CFO News

Alok Rungta is a qualified Chartered Accountant and a veteran in the insurance and financial services industry. He brings over 25 years of work experience and has previously worked with leading life insurance companies, the company said.

CFO 52
article thumbnail

10 Tuesday AM Reads

Barry Ritholtz

Happy Valentine’s Day! Share the Love with our Tuesday Two-fer morning train WFH reads: • How Massive The NFL Really Is, In 4 Charts : Football’s grip on American sports fandom expands well beyond just watching the Super Bowl. More generally, Gallup has been asking Americans about their favorite sport to watch since 19371 — and for the past half-century, American sports fans have come to a pretty clear consensus: Football is king. ( fivethirtyeight ) see also The 18 Best Live Sports Experi

article thumbnail

Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

article thumbnail

Vodafone Idea appoints Murthy GVAS as interim CFO

CFO News

Murthy is currently designated as the executive vice president - financial controller and taxation head. He also leads a Shared Services vertical in the financial function, the company said in an exchange filing on Tuesday.

CFO 52
article thumbnail

Vedanta cuts debt by $2 billion as funding woes linger

CFO News

Vedanta Resources Ltd. has achieved half of its three-year planned reduction commitment of $4 billion in the first year, the London-based company said in an exchange filing. It will continue to deleverage from net debt of $7.

article thumbnail

Why hike in budgetary allocations for key trade schemes may not make a difference to exporters

CFO News

The Union Budget 2023-24 focused on boosting exports by increasing the allocation for a few key export-boosting schemes and tweaking customs duty on certain products amid demand weakness in developed economies. But this may not be enough.

article thumbnail

The hospitality sector witnessed 60.9% YoY RevPAR growth in Q4 2022: JLL

CFO News

JLL stated that the hospitality sector continued to witness strong year on year growth in performance in quarter four 2022 (October-December), primarily driven by corporate travel, weddings, winter vacations and festivities. Furthermore, the sector witnessed a quarter on quarter RevPAR growth of 30.1% over quarter three 2022. As per the report, this was due to higher levels of corporate travel in quarter four.

52
article thumbnail

PowerPoint Best Practices for Creating Stellar Presentations

Mastering data visualization in PowerPoint will help accelerate your career because it positions you as someone who can present data that drives business decisions forward. think-cell's PowerPoint Best Practices eBook was created specifically for professionals aiming to master the art and science of data-driven storytelling. What’s inside: Practical Insights: Uncover valuable tips for crafting engaging and persuasive presentations.

article thumbnail

Adani-Hindenburg row: SC to hear fresh PIL of Congress leader on February 17

CFO News

The Supreme Court on Wednesday agreed to hear a fresh plea of a Congress leader seeking investigation under the supervision of a sitting apex court judge against the Adani Group of companies in light of the allegations made by the US-based Hindenburg Research on February 17.

52
article thumbnail

I-T dept's survey on BBC's Mumbai & Delhi offices continues for second straight day

CFO News

The Income Tax department survey operation against BBC India continued for the second consecutive day with the sleuths understood to be making copies of electronic and paper-based financial data of the organisation, officials said Wednesday. Sleuths knocked at the doors of the BBC around 11:30 AM on Tuesday and they are still present, sources aware of the development told PTI.

article thumbnail

How secret London talks led to Air India's gigantic plane order

CFO News

On Tuesday, Air India provisionally agreed to acquire almost 500 jets from Airbus and Boeing to take on domestic and international rivals. Striking the largest ever deal by one airline took months of secret talks carried out a stone's throw from Britain's Buckingham palace and culminating in a celebration over coastal Indian curries, according to people involved in the talks.

52