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NEWS - Finance

Home Depot's Fourth-Quarter Profit Exceeds Expectations

Home Depot's Fourth-Quarter Profit Exceeds Expectations

02-22-12 - The largest home improvement retailer in the world, Home Depot, recently reported a net income increase of 32 percent to $774 million, a number that exceeded the expectations of most analysts. Bloomberg reports dropping unemployment levels and warmer weather...
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Dow Jones Closes at Nearly Four-Year High

Dow Jones Closes at Nearly Four-Year High

02-21-12 - The Dow Jones Industrial Average closed at its highest level in nearly four years on Thursday, February 16, amid positive signs about the U.S. economy and a potential bright spot in the Greek debt issue. According to The Wall Street Journal, the Dow gained 123.13...
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Chevron Phillips Chemical Promotes Industry Veteran to CFO

Chevron Phillips Chemical Promotes Industry Veteran to CFO

02-17-12 - The Woodlands, Texas-based Chevron Phillips Chemical Company recently announced that it is appointing an assistant treasurer with Chevron Corporation to chief financial officer. According to a release from the company, Tim D. Leveille will take over as senior vice...
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CFO of ANZ Bank Resigns Amid Turmoil

CFO of ANZ Bank Resigns Amid Turmoil

02-16-12 - The chief financial officer of Australia & New Zealand Banking Group Ltd. announced recently that he will resign from the position, a move that will reportedly lead to a significant executive shuffle. According to MarketWatch, CFO Peter Marriott says he plans...
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CFOs view employee health as an influence on the bottom line.

CFOs: Employee Health Influences Company Bottom Line

02-16-12 - Reflecting the declining state of American health, a new survey of chief financial officers shows executives are increasingly concerned about employee health, particularly in regards to their organizations' bottom line. However, CFOs also seem to agree that they...
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Euro Falls Following Poor U.S. Retail Sales Data

Euro Falls Following Poor U.S. Retail Sales Data

02-15-12 - World stocks and the euro fell on Tuesday, February 14, on weaker-than-expected U.S. retail sales data for January, according to Reuters. U.S. retail sales rose 0.4 percent, according to the Commerce Department. That number, however, was lower than the anticipated...
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Global Banks Continue to Eliminate Finance Jobs

Global Banks Continue to Eliminate Finance Jobs

02-14-12 - Australia's largest investment bank, Macquarie Group Ltd., announced recently that it plans to eliminate approximately 10 percent of its investment banking unit in Asia, sources with knowledge of the situation told Bloomberg. According to the news source,...
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The Online Trust Alliance recently unveiled its 2012 Data Protection & Breach

Online Trust Alliance Releases Guide for Enterprise Data Protection

02-14-12 - Most enterprises now realize the importance of establishing detailed data protection policies and updating security software, yet some experts say businesses still aren't doing enough to defend against online threats. The Online Trust Alliance recently...
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Bank of America Announces California Job Cuts

Bank of America Announces California Job Cuts

02-13-12 - Bank of America, one of the largest financial institutions in the country, recently announced it plans to slash 450 finance jobs in Concord, California, as part of a shutdown of the bank's consumer services and operations units in the city. The Contra Costa...
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PepsiCo Slashing Thousands of Jobs

PepsiCo Slashing Thousands of Jobs

02-10-12 - PepsiCo Inc., the largest snack-food manufacturer in the world, announced recently that it plans to cut 8,700 jobs around the world and increase marketing spending for its brands, Bloomberg reports. According to the news source, the job cuts would account for 3...
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Lloyds Bank Plans to Slash 990 More Finance Jobs

Lloyds Bank Plans to Slash 990 More Finance Jobs

02-09-12 - Lloyds Banking Group announced recently that it plans to cut nearly 1,000 more finance jobs and close three offices as part of a previously announced strategic review, according to The Independent. The news source reports the 990 finance positions are being...
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Though Panera's Q4 Profit Climbed, CFO Departing

Though Panera's Q4 Profit Climbed, CFO Departing

02-09-12 - The executive vice president and chief financial officer of Panera Bread Company announced recently that he plans to leave the company in March, despite the restaurant chain's reported 5.8 percent fourth-quarter profit increase. According to the St. Louis Business...
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There are currently approximately 466,000 jobs in the "App Economy," up from z

Mobile Applications Creating Jobs for 'App Economy'

02-09-12 - The rise of smartphones and tablets has prompted a rapid increase in mobile applications, but consumers aren't the only ones benefiting from the development of games, media apps and productivity tools. According to a recent study conducted by Michael Mandel of...
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Euro Gains Against Dollar As Greek Optimism Increases

Euro Gains Against Dollar As Greek Optimism Increases

02-08-12 - Optimism and speculation that Greece could soon end its political battle over a financial aid package forced the euro up against the dollar, despite poor industrial data from Germany, The Wall Street Journal reports. The euro jumped as reports indicated talks...
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Available Finance Jobs Increased in London Last Month

Available Finance Jobs Increased in London Last Month

02-07-12 - The number of available finance jobs in London grew substantially in January, reversing a downward trend that took hold during the final months of 2011, according to a recent report from a recruiting firm. Reuters reports small and medium sized banks increased...
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