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Tag >> Cash
May 10

First quarter earnings beat forecasts by 50 percent

Posted by Stephen Taub in RiskMaterialsIndustrialsenergyDeutsche BankCash

Stephen Taub

It's official: The first quarter was a huge pleasant surprise.

In a report fired off to clients, Deutsche Bank figures with 87 percent of the S&P 500 companies having reported, earnings for the March three-month period surged 18 percent year-over-year. This far exceeded the 12 percent expectation at the beginning of the quarter.

May 06

Pension plans move closer to fully funded

Posted by Stephen Taub in Riskpensionspension fundsMercerCashCareers/ManagementBNY Mellon Pension ServicesBNY Mellon Asset Management

Stephen Taub
Corporate pension funds continue to become flusher thanks to the surging stock market.

The funded status of the typical U.S. corporate pension plan in April rose 0.7 percentage points to 89.2 percent, the eighth consecutive month of improvement, according to monthly statistics published by BNY Mellon Asset Management.    

The funding ratio for the typical corporate plan has improved 4.9 percentage points since the beginning of the year.

May 05

Texas still best place to do business

Posted by Stephen Taub in TaxRiskCEOsCEOCash

Stephen Taub
For the seventh year in a row, CEOs rate Texas as the number one state in which to do business and California as the worst.

Chief Executive magazine's annual "Best & Worst States" survey once again singled out North Carolina as the second best state to do business.

"A handful of states have made business-friendly policies a priority," says J.P. Donlon, Editor-in-Chief of Chief Executive magazine and "These forward-thinking states are the exception rather than the rule and include Utah, Arizona, Florida, Tennessee, Louisiana, Texas and Oklahoma."

May 02

S&P; companies post record cash flow

Posted by Stephen Taub in Standard & Poor'sS&P; 500cash flowCash

Stephen Taub

The companies that comprise the S&P 500 generated a record high annual cash-flow value for 2010 of $1.145 billion, according to Standard & Poor's.

This beat the prior record of $1.117 billion set in 2006.

Apr 16

Default rate way down this year

Posted by Stephen Taub in Standard & Poor'sRiskdefault ratedefaultDealsCash

Stephen Taub

In the past week alone, two companies completed distressed exchange offers--US-based Liz Claiborne and Canada-based Cinram International.

This brings the total number of corporate defaults so far this year to six, including four based in the US, according to Standard & Poor's.

Apr 14

CFOs focused on top line growth

Posted by Stephen Taub in RiskrevenuesregulationsDeloitteCash

Stephen Taub

It's all about revenues.

Chief financial officers surveyed by Deloitte said nearly half of their companies' strategic focus is on revenue growth. This far exceeds their 30 percent focus on cost reduction.

Apr 13

CEO cash comp up 17 percent in 2010

Posted by Stephen Taub in stock optionssalaryrestricted stocklong-term performance planscompensationCEOsCEOCashCareers/Managementbonuses

Stephen Taub

It looks like 2010 was a boom year for CEO compensation.

According to a new analysis of proxies conducted by Towers Watson, median total cash compensation increased 17 percent for CEOs last year. This compares with a 3 percent median increase the prior year. To compute cash compensation, the consulting firm includes base salary, as well as annual and discretionary bonus payments.

Apr 11

Deutsche Bank sees sixth straight quarterly growth

Posted by Stephen Taub in salesrevenuesearnings forecastearningsDeutsche BankCash

Stephen Taub

As Corporate America gears up to report first quarter earnings this week, Deutsche Bank fired off a report to clients that predicts modest results and a modest reaction from the stock market.

The investment bank is looking for 6.9 percent year-over-year revenue growth, the sixth straight quarterly revenue increase. It will be led by revenues in energy, materials and info tech.

Apr 08

Wall Street CFOs made big bucks in 2010

Posted by Stephen Taub in stock optionsrevenuesreturn on average shareholders' equityreturn on average shareholders' equityRestricted Stock UnitscompensationCashCareers/Managementbonuses

Stephen Taub

If you take a look at the compensation tables in the proxies of the Wall Street giants, it is hard to believe it is only two years or so since the global financial meltdown.

You would almost think the top executives are running successful hedge funds, given their gargantuan gains. And to think they complained that the brief government involvement in their affairs.

Apr 05

Pension funded status ticks up again

Posted by Stephen Taub in pensionspension fundsPension Benefit Guaranty CorporationPBGCCashBNY Mellon Asset Management

Stephen Taub

Follow the bouncing stock market.

The funded status of the typical U.S. corporate pension plan in March climbed only slightly last month, by 0.5 percentage points to 88.5 percent, according to BNY Mellon Asset Management.

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