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November 26, 2012
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Business Finance Today 
  • U.S. holiday-shopping season gets strong start
    U.S. retail sales during the long Thanksgiving weekend reached $59.1 billion, 12.1% higher than in 2011, according to the National Retail Federation. Online sales for Black Friday, the traditional opening of the holiday-shopping season, topped $1 billion for the first time. Retail sales in November and December are expected to increase 4.1%, the trade group said. Reuters (11/26), PCWorld (11/25), Bloomberg (11/25) LinkedInFacebookTwitterGoogle+Email this Story
  • U.S. is closer to free-trade deal with Europe
    Momentum is picking up in negotiations that could lead to a free-trade agreement between the U.S. and the EU. Although trade with China gets much publicity, the EU buys more U.S. exports than China. An agreement could increase economic growth in the U.S. and the EU by 1.5 percentage points, according to the American Chamber of Commerce in Germany. The New York Times (tiered subscription model) (11/25) LinkedInFacebookTwitterGoogle+Email this Story
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Your Bottom Line 
  • Survey: Audit execs expect to see budgets rise in 2013
    About 40% of chief audit executives said they expect to see budget increases in 2013, the strongest such sentiment in the past four years, according to the Institute of Internal Auditors. New regulations and pressure from directors are seen as driving the demand for internal audit services. "Audit committees [on corporate boards of directors] are asking internal auditors point blank if they have the resources to address what they need to do," says Richard Chambers, president of the IIA. The Wall Street Journal/CFO Journal (tiered subscription model) (11/21) LinkedInFacebookTwitterGoogle+Email this Story
  • The value of IT investment becomes clearer for CFOs
    Chief financial officers are realizing that IT can be used for business and strategic advantage, according to a Gartner survey of U.S.-based CFOs. Top IT-investment priorities are information and financial analysis, followed by information management and knowledge sharing. The survey also found that an increasing number of CFOs are becoming involved with the IT department. (Australia) (11/21) LinkedInFacebookTwitterGoogle+Email this Story
In the C-Suite 
  • 4 keys to leading change in your workplace
    Workplace cultures driven by values and high performance do not happen by accident or by a leader declaring that change will occur, S. Chris Edmonds writes. "People change only when they see their leaders consistently model desired behaviors. Therefore, to change their organization's or team's culture, leaders must define, demonstrate, and reinforce their desired culture," he writes. SmartBrief/SmartBlog on Leadership (11/20) LinkedInFacebookTwitterGoogle+Email this Story
  • Your employees should never hear these words
    Don't remind them how much better off they are compared with employees at other companies, and don't point out that you pay their salary, Alan Hall writes. "A good boss will praise in public and if a constructive reprimand is necessary, provide it sparingly, privately, and with benevolence," Hall writes. Forbes (11/24) LinkedInFacebookTwitterGoogle+Email this Story
On the Move 
  • Stephen Scannell has become vice president and CFO at McLaren Bay Region. He was CFO at McLaren Northern Michigan. Midland Daily News (Mich.) (11/24) LinkedInFacebookTwitterGoogle+Email this Story
Off the Charts 
Most Read by CFOs 

Top five news stories selected by SmartBrief for CFOs readers in the past week.

  • Results based on number of times each story was clicked by readers.
The more CIOs can communicate growth, the more CFOs will view IT as a potential investment rather than a cost to be managed."
--Tina Nunno of Gartner, as quoted by
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