Bath & Body Works picks CVS, Merck alum for CFO

Eva Boratto joins the Columbus, Ohio-based personal products maker — long a familiar storefront inside many retail properties — as it shifts away from malls.

By Maura Webber Sadovi • July 25, 2023

UPS, Teamsters reach tentative agreement on national contract

The tentative deal is a welcome development for the shippers and businesses that rely on UPS. The agreement still needs to be reviewed and voted on by union-represented employees.

By Max Garland • July 25, 2023

Explore the Trendline➔

Compensation: solving the cost-talent puzzle

In today’s strong labor market, CFOs leery of raising wages find creative ways to find and retain key employees.

By CFO Dive staff

Warehouse automation expected to pick up after hitting ‘rock bottom’

E-commerce and warehouse construction activity are showing signs of recovery, which could lead to increased demand for automation tools, according to Interact Analysis.

By Alexei Alexis • July 25, 2023

Six ways FedNow may affect businesses’ cash flow

Touted as the biggest upgrade to the U.S. government’s payment system in 50 years, FedNow launched Thursday. CFOs need to get ready for it.

By Suman Bhattacharyya • July 24, 2023

Zaxby’s snaps up Dollar General, Yum Brands alum for CFO

Donny Lau was named finance chief of the Athens, Georgia-based chicken chain which aims to grow well beyond its Southern roots. It has locations in 17 states.

By Maura Webber Sadovi • July 24, 2023

Investigations are causing data breach costs to skyrocket, IBM finds

Organizations are under mounting pressure to conduct more thorough investigations as the complexity of data breaches grow.

By Matt Kapko • July 24, 2023

Companies cut costs as rates rose: S&P

U.S. companies with comparatively weak balance sheets trimmed costs less during the first quarter than their counterparts with investment grade ratings, S&P said.

By Jim Tyson • July 21, 2023

One CFO’s stealth IPO market tests

“Bake-offs” and confidential filings can clue executives in on their company’s prospects well ahead of going public, Clearwater Analytics CFO Jim Cox says.

By Maura Webber Sadovi • July 20, 2023

Recession storm clouds growing: Conference Board

A downturn will probably extend from the current quarter to the first quarter of next year, the Conference Board predicted.

By Jim Tyson • July 20, 2023

FedNow goes live for banks, credit unions

The Fed’s long-awaited instant payments system is arriving right on time this month, giving consumers and businesses a new route for speedier transactions.

By Lynne Marek • July 20, 2023

Fed’s final inflation fight ‘will be tough’: Fannie Mae

The likelihood of a “soft landing” for the economy, or a slowing of inflation without triggering recession, has increased recently, Fannie Mae said.

By Jim Tyson • July 19, 2023

SEC takes climate rule criticism ‘very seriously’: top official

GOP lawmakers on Tuesday accused an SEC division director of undermining capitalism by pushing for a climate risk disclosure rule.

By Jim Tyson • July 18, 2023

FedEx picks transportation industry veteran for CFO

Just under a month after announcing CFO Michael Lenz was retiring, FedEx appointed air cargo industry veteran John W. Dietrich as its new finance chief. 

By Maura Webber Sadovi • July 18, 2023

‘State-of-the-art’ Kraft Heinz facility to cost in excess of $400M

The high-tech warehouse, which is expected to open in 2025, is expected to feature robotic technology allowing fully-automated selection of Kraft Heinz products.

By Alexei Alexis • July 17, 2023

Gensler sees companies with AI gaining clout over consumers

The SEC chief warned that the handful of companies leading AI innovation may come to dominate the market.

By Jim Tyson • July 17, 2023

6 strategies for effective cost takeout

CFOs have an opportunity to step up as change leaders – taking bold steps to build resilience and agility.

July 17, 2023

Healthcare bankruptcies jump as crypto ‘calms down’

Labor costs and a fall-off in government aid are factors cited behind healthcare industry distress. Meanwhile, bankruptcy experts said a commercial real estate “bubble” looms.  

By Maura Webber Sadovi • July 14, 2023

Fed touts FedNow’s fraud tools

Cleveland Fed President Loretta Mester spelled out some of the tools that the new instant payments system will have for thwarting fraud during a speech this week.

By Lynne Marek • July 13, 2023

KPMG to spend $2B in expanded AI alliance with Microsoft

The expanded partnership could help unlock potential incremental growth opportunities for KPMG of over $12 billion, the firm said.

By Alexei Alexis • July 13, 2023

Embattled EV maker Faraday replaces interim CFO

The electric vehicle maker’s new interim CFO, Jonathan Maroko, is replacing Yun Han, who resigned from the top finance role. The company announced it will also be restating certain financial reports. 

By Maura Webber Sadovi • July 12, 2023

Slowing inflation unlikely to avert Fed rate hike

Traders in interest rate futures see 95% odds that the central bank will increase the federal funds rate by a quarter percentage point on July 26.

By Jim Tyson • July 12, 2023

Why all CFOs need to be prepared for bank capital requirement changes

With banks potentially undergoing capital requirement changes, CFOs need to be hyper-aware when it comes to the financial health of their businesses, according to Northern Edge Advisors’ president.

By Elizabeth Flood • July 12, 2023

Economy struggling in ‘slowcession’: Moody’s

A sudden spike in oil prices poses the biggest threat to U.S. economic growth, Moody’s Analytics Chief Economist Mark Zandi said.

By Jim Tyson • July 11, 2023

How predictive analytics can curb just-in-time inventory pitfalls

CFOs can use predictive analytics to avoid panic buying, anchor price bias and overpaying suppliers, Edmund Zagorin, an executive with the procurement platform Arkestro, writes.

By Edmund Zagorin • July 11, 2023

Hanesbrands promotes interim CFO to permanent seat

Scott Lewis, a 17-year company veteran, has been at the financial helm of Hanesbrands on an interim basis since the former CFO Michael Dastugue stepped down for family reasons in January.

By Elizabeth Flood • July 11, 2023