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Mixed year for corporate bond sales
stephen taub

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Opinions and views from expert CFOZone members.

Dec 14
2010

Electronic payments rule the roost

Posted by dbedell in paymentsFederal Reserveelectronic paymentsdebit cardsCash

dbedell
With vastly-improving payments infrastructure leading the way, electronic payments have clearly taken hold for both business-to-business and consumer-to-business payments.

A new payments study out by the Federal Reserve--the fourth in a series that is released every three years-finds that big changes are afoot in the payments landscape. For instance, electronic payments now account for three quarters of all payments, by number of payments. In addition, since the last survey came out, not only have debit cards surpassed checks as the most-used non-cash instrument, but also prepaid card use has increased dramatically.

Plus, checks have declined at a faster rate than ever and the use of credit cards as a payment mechanism declined for the first time since the studies began.

Dec 13
2010

Global finance faces strains--McKinsey

Posted by nicklord in Untagged 

nicklord

McKinsey last week released a report painting a grim picture of the supply of future finance that has caused a lot of comment. Under its analysis, by 2030, the growth of emerging markets will have caused a huge spike in demand for capital investment. Under current forecasts, the firm predicts that there will not be enough capital in the world to meet this demand. As a result, prices will rise and capital flows will change.

"The gap between the world's supply of, and demand for, capital to invest could put upward pressure on real interest rates, crowd out some investment, and potentially act as a drag on growth," said the authors of the report. "Moreover, as patterns of global saving and investment shift, capital flows between countries will likely change course, requiring new channels of financial intermediation and policy intervention."

Dec 13
2010

Ex-McAfee CFO's conviction overturned

Posted by Stephen Taub in securities fraudSecurities and Exchange CommissionCourt of AppealscomplianceAccounting

Stephen Taub

The US Appeals Court overturned the securities fraud conviction of the former chief financial officer at Network Associates (now called McAfee), who had been sentenced to a year and a day in prison.

In reversing the lower court's decision in the case involving Prabhat Goyal,, the Ninth Circuit Appeals Court rebuked the prosecutor and the judge in the case, asserting "The government shouldn't have brought charges unless it had clear evidence of wrongdoing, and the trial judge should have dismissed the case when the prosecution rested and it was clear the evidence could not support a conviction."

Dec 12
2010

Little GAAP gets a mission: focus on lenders

Posted by dbedell in little GAAPcomplianceAccounting

dbedell

Private company accounting standards could end up being vastly different than their public equivalents, finally providing such companies with clear guidelines reflecting their distinct business landscape.

The standards-setting board for private company accounting standards-or Little GAAP as it is known-came one step closer to reality this week as the panel set up to design it fleshed out a number of details in a draft proposal to the Financial Accounting Foundation-parent organization to the FASB.

Dec 10
2010

BREAKING NEWS: Three ex-finance execs of Vitesse charged

Posted by Stephen Taub in US Attorneystock optionsrevenue recognitionrestatementsfraudcompliancechief financial officerbackdating

Stephen Taub

The former chief financial officer and founder and former CEO of Vitesse Semiconductor were charged for their roles in an accounting and securities fraud scheme.

Louis Tomasetta, the co-founder and former CEO and former CFO and Executive Vice President Eugene Hovanec , were charged with securities fraud, making false entries in the books and records of a corporation, making false filings with the Securities and Exchange Commission and conspiracy for their roles in a scheme to manipulate Vitesse's reported financial statements, according to Preet Bharara, the United States Attorney for the Southern District of New York.

Dec 10
2010

Number of job openings surges to 3.4 million

Posted by Stephen Taub in unemployment, jobsjoblessnesscareerscareer/managementBureau of Labor Statistics

Stephen Taub

It's all about jobs.

With the official unemployment rate up to 9.8 percent and the unofficial rate as high as 15 percent or so, policy makers are talking the talk at least about how jobs are the number one priority.

Dec 10
2010

Where are VC dollars going?

Posted by dbedell in venture capitalTechnologyFinanceCash

dbedell

Venture capital investment may be declining, but not for start-ups. Early stage financings continue to hold the imagination of VC investors, according to a new report out by PricewaterhouseCoopers (PWC) and the National Venture Capital Association (NVCA).

The report provides an update on venture capital investing in the third quarter of the year, and put investment activity at $4.8 billion in VC dollars spent on 780 deals over the quarter. This is a pretty significant decline from the previous quarter, which saw $6.9 billion spent on 962 deals.

Dec 09
2010

The Philippines: The call center capital of the world

Posted by annearf in the Phillipinesrural sourcingoutsourcingCashcall centers

annearf

Looks like the Indian outsourcing industry is up against a growing threat: the Philippines. Thanks to an aggressive and systematically planned push by the government, that country has become a more significant force in the call center market.

 Of course, a population of well-educated English speakers also helps.

Dec 09
2010

How to spend it: valuing cash allocation strategies

Posted by dbedell in S&P; 500organic growthCashcapital spend

dbedell

Got some cash to blow? Not sure how to spend it? Well, according to recent research by Standard & Poor's, not all cash allocation strategies are created equal.

It behoves the cash-conscious CFO to do some benchmarking and take a look back at how successful certain strategies were during the crisis to get a better handle on planning exercises going forward.

Dec 09
2010

Uncle Sam wants SMEs to export

Posted by nicklord in Deals

nicklord
 

Persuading American companies to export is no easy task. For a start, America is the biggest market in the world and expanding overseas is perceived to make little material difference for most companies. Moreover, exports are risky: issues of non-payment, political risk and language barriers all raise the overall cost of business.

According to official government figures, only 1 percent of US companies actually export, even though 95 percent of the total global population lives outside the US.





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