Biden climate policy poses credit risks for 'carbon-intensive' companies: Moody's

Biden administration plans for curbing climate change will increase credit risks for companies in carbon-intensive industries while creating business opportunities, Moody’s said.

By Jim Tyson • April 30, 2021

Can't get funding? It's likely not for the reason you're told

Don’t expect investment firms to be upfront about why they turn down your company, SafeGraph CEO Auren Hoffman says.

By Robert Freedman • April 30, 2021

Multinationals reported $6.16B in negative forex exposure for Q4: study

A decline in negative foreign exchange impact during the fourth quarter was probably "the calm before the storm" that likely occurred during the first quarter of 2021, according to Kyriba.

By Jim Tyson • April 29, 2021

Biden tax hikes won't change company credit plans: Moody's

Companies have shown they’re impervious to tax policy changes in part because of low interest rates and investors’ hunt for yield.

By Robert Freedman • April 28, 2021

Biden plan would increase taxes on multinationals by $1.2 trillion over 10 years: study

Biden’s proposal to raise corporate taxes to fund $2 trillion in infrastructure spending would harm U.S. competitiveness, the Tax Foundation says.

By Jim Tyson • April 28, 2021

CFO role has grown during pandemic: Accenture

CFOs have taken on greater responsibilities since the onset of COVID-19, especially those at government agencies handling record pandemic aid, Accenture said.

By Jim Tyson • April 27, 2021

Up from the ashes: How airline CFOs are preparing for the post-pandemic rebound

CFOs of airlines challenged by the pandemic are preparing for a rebound in demand, offering lessons for financial executives in less-stressed industries.

By Jim Tyson • April 26, 2021

Capital raises, along with expectations, getting bigger, VC funder says

For hot companies in hot markets, the amounts are exceptional, Christoph Janz of Point 9 Capital says.

By Robert Freedman • April 23, 2021

SPAC market during Q1 showed 'explosive growth': Duff & Phelps

The SPAC market boomed during the first quarter of 2021, Duff & Phelps said, noting that SPAC warrants this month have come under regulatory scrutiny.

By Jim Tyson • April 23, 2021

Businesses can only expect limited boost from stimulus checks: Fed study

Households have channeled federal stimulus checks primarily towards savings or reducing debt, giving businesses just a limited lift from consumer spending, according to the Fed.

By Jim Tyson • April 22, 2021

Rising number of IRS corporate audits end in 'no change': tax expert

Companies have outgunned IRS auditors with high-paid accountants and attorneys, pushing up the number of audits that result in no change to tax filings, tax experts say.

By Jim Tyson • April 20, 2021

Democrats, Republicans finalizing draft LIBOR bill, pledging cooperation

The legislative effort to smooth the phase-out of LIBOR will test whether the two parties can cooperate in heeding warnings from regulators of systemic risk.

By Jim Tyson • April 19, 2021

Senate confirms Gensler to lead SEC in 53-45 vote

While leading the Biden administration’s watchdog of Wall Street, Gensler is expected to toughen aspects of oversight that were eased during the Trump administration.

By Jim Tyson • April 14, 2021

M&A supports buyers' stock price performance during Q1, study finds

Dealmaking paid off for acquiring firms, boosting their stock prices to a record first-quarter performance, a Willis Towers Watson study found.

By Jim Tyson • April 13, 2021

SEC in 'risk alert' warns that some ESG funds may mislead investors

The SEC found that some investment companies may have made misleading statements on ESG investing processes and adherence to ESG frameworks.

By Jim Tyson • April 12, 2021

Private credit markets poised to rebound: survey

Private credit dealmakers foresee a market resurgence in 2021 following the pandemic-induced setback last year, according to a survey by Katten.

By Jim Tyson • April 9, 2021

Most companies will likely link executive pay to environmental targets: ING survey

Spurred on by the pandemic, most companies are accelerating their “green transformation” and plan to tie executive pay to environmental goals, ING said in an ESG survey.

By Jim Tyson • April 7, 2021

Yellen urges global policymakers not to withdraw stimulus too quickly

The lesson of the last financial crisis is to keep supporting the global recovery, the Treasury secretary said at the opening of a global economic meeting. 

By Jim Tyson • April 6, 2021

Yellen pushes for global minimum corporate tax rate

Yellen deplores “a 30-year race to the bottom” in taxation and says a global minimum corporate tax rate would help bolster U.S. competitiveness.

By Jim Tyson • April 5, 2021

Benefits of $2T Biden plan won't outweigh tax costs: Tax Foundation

Biden would benefit the economy more by funding his $2 trillion infrastructure plan with federal spending cuts, rather than by raising corporate taxes, the Tax Foundation said.

By Jim Tyson • April 1, 2021

SEC threatened with lawsuit by state attorney general over ESG disclosure

West Virginia's attorney general threatens to sue the SEC if it compels companies to file disclosures on environmental, social and governance matters.

By Jim Tyson • March 29, 2021

4 CFO lessons from the pandemic

CFOs are advancing into the second year of a once-in-a-century pandemic with lessons they’ve learned while coping with a broad range of disruptions from COVID-19.

By Jim Tyson • March 26, 2021

New York passes law guiding LIBOR transition for $1.9 trillion in debt

New York lawmakers approved legislation clarifying the switch from LIBOR to an alternative reference rate for much of $1.9 trillion in outstanding contracts.

By Jim Tyson • March 26, 2021

House panel flags $84 billion in potential fraud in PPP, other coronavirus crisis loans

Fraudulent loans under the PPP and another coronavirus aid program may total nearly $84 billion, with less than 1% recovered so far, according to a U.S. House panel.

By Jim Tyson • March 25, 2021

Federal watchdog warns of potential crisis in post-pandemic U.S. fiscal health

The Government Accountability Office said U.S. debt, pushed up by $6 trillion in pandemic rescue spending, will hit a record high in 2028, increasing the odds of fiscal crisis.

By Jim Tyson • March 24, 2021