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November 9, 2012
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Business Finance Today 
  • Businesses could lose billions from corporate-tax-rate cut
    Some of the biggest U.S. corporations stand to take big write-downs if Congress cuts the 35% corporate-tax rate. That would require companies including American International Group, Citigroup and Ford to trim the value of their "deferred tax assets." Citigroup could take a $4 billion to $5 billion charge against earnings because its DTAs would be worth less. The Wall Street Journal (11/8) LinkedInFacebookTwitterGoogle+Email this Story
  • CBO: "Fiscal cliff" will trigger recession if left unaddressed
    The Congressional Budget Office issued a stark warning that heading off the "fiscal cliff" will send the U.S. into a recession and drive joblessness up to 9.1% by the end of 2013. The nonpartisan CBO said the combined effects of higher taxes and reduced federal spending would cause the economy to contract by 0.5% next year, and warned that the U.S. can't afford to allow its debt burden to grow much longer. CNNMoney (11/8), Politico (Washington, D.C.) (11/8), Forbes (11/8) LinkedInFacebookTwitterGoogle+Email this Story
Your Bottom Line 
  • Hedging, forecasting tools aim to combat currency risk
    Fluctuating exchange rates can pose a big risk to companies operating internationally, and companies are using tools to produce accurate forecasts to help hedge against currency risk. "If you know what FX conversion rate you will be paying ahead of time, then you can budget with that and strategize accordingly," says Guido Schulz of payments company AFEX. CFO.com (11/7) LinkedInFacebookTwitterGoogle+Email this Story
In the C-Suite 
  • 5 ways you're driving your employees crazy
    Even with the best of intentions, many bosses drive their workers absolutely crazy, writes Julie Winkle Giulioni. To boost performance, leaders should stop using employees as idea guinea pigs and simply focus on removing irritants such as red tape, unclear expectations and time-wasting activities. "Employee engagement, motivation, and results are less about introducing new leadership behaviors and more about just stopping the stuff that makes employees crazy," Giulioni writes. SmartBrief/SmartBlog on Leadership (11/5) LinkedInFacebookTwitterGoogle+Email this Story
On the Move 
  • Tom Stiehle has been named CFO and vice president of business management at Huntington Ingalls' shipbuilding division. Stiehle joined the firm last year as vice president of contracts and pricing. Press-Register (Mobile, Ala.) (11/8) LinkedInFacebookTwitterGoogle+Email this Story
Off the Charts 
SmartQuote 
If a company has a long-term contract with an international customer or supplier, they can lock in that revenue or cost, and they can do that efficiently through the FX markets. Their business is not to take currency risk, but to buy or sell product at a profit."
--John Brittain, managing director at Accordion Partners, as quoted by CFO.com
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