The Duke/CFO Global Business Outlook survey shows finance chiefs are more confident about the economy than at any point since 1996.
The writedown will require the mortgage giant to seek a $3.7 billion cash infusion from the Treasury, its first draw since 2012.
The Tax Cuts and Jobs Act will boost the cost of capital even as it hikes net cash flows.
The 3% drop in the share price appears to reflect the company's estimate of a 2018 tax rate of 17%, which is higher than investors anticipated.
The conglomerate plans to bring $7 billion to $10 billion back on shore to invest in its U.S. operations and possibly buy “bolt-on” companies.
The choice of tax litigator Charles Rettig would reportedly break a two-decade precedent during which IRS chiefs tended to come from corporations.
Under a Financial Accounting Standards Board proposal, companies could reflect the effects of the new 21% rate on their balance sheets.
It’s safe to say that most executives and business leaders understand that businesses get audited for sales and use tax, but only a small percentage…
The company posted its first net loss in a quarter of a century but adjusted earnings and revenue beat analysts' estimates.
Despite the retail crisis, modernized players in the industry can show CFOs in other businesses a world beyond spreadsheets.