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Dec. 22, 2020 9:00 am ET
Chief financial officers at U.S. companies are optimistic the country’s economy as a whole and their businesses, in particular will recover in 2021 despite worries about potential tax rate changes and higher labor costs.
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Finance chiefs expect their companies’ revenue to rise by an average of 6.9% next year, up from a 0.3% increase forecast for 2020, according to a survey by Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta. Wages, prices and employment levels also are forecast to increase, the survey of about 300 CFOs found.
Dec. 21, 2020 5:30 am ET
Internal auditors are testing their companiesâ controls over key processes and procedures earlier than normal and reevaluating risks as they deal with a wider range of issues that could imperil the business during the coronavirus pandemic.
Internal auditors assess companiesâ risk management, governance policies and control mechanisms, whereas external auditors evaluate the accuracy of financial reporting.
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Internal auditors do their work by examining documents and interviewing executives and other employees, while also monitoring how people execute certain strategies. They review their companyâs exposure to external risks such as cybersecurity or climate change and help with operational issues by, for example, suggesting cost cuts to reduce risks to the balance sheet.
Eatonâs CFO Looks Back on 71 Acquisitions, 50 Sales Over His Tenure
Richard Fearon played a role in shaping Eaton as a power-management company
A worker at an Eaton Corp. plant in San Luis Potosi, Mexico, assembles truck transmissions. Photo: Mauricio Palos/Bloomberg News By Dec. 18, 2020 5:30 am ET
Eaton Corp. PLCâs finance chief Richard Fearon has managed 71 acquisitions and 50 sales since he began his tenure in April 2002, reshaping the portfolio of a business that was once known for making vehicle parts. Eaton, which operates out of Beachwood, Ohio, has expanded to become a power-management company that also manufactures products such as industrial clutches, motors and fuel pumps for a range of industries.
Eddie Money s Estate Suing USC Hospital Over His Death Eddie Money s Estate Sues USC Hospital Over Death
The late singer s estate is suing the university hospital and three doctors
Mark Cunningham,
John Anderson-Dam for medical negligence and wrongful death.
According to new legal docs, obtained by TMZ, Eddie s estate claims he didn t get proper treatment from his doctors when he went in for cardiac problems. The estate claims the hospital failed to properly train its staff and care for Eddie.
In the suit, the estate claims Eddie ultimately got pneumonia, which