Latest in Ge Cfo
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What Germany’s new naval base means for Baltic security
Also in this newsletter: the UK joins the EU in committing to the G7 loan to UkraineWorld - Financial Times - October 22 -
Societe Generale Taps Sabadell's Alvear as New CFO
The French bank outlined several management changes as it reported a sharp rise in net profit for the third quarter, helped by higher banking income.Business - The Wall Street Journal - October 31 -
GE Aerospace’s stock sinks as total sales beat, but commercial engines miss
GE Aerospace beats earnings expectations but its largest business, commercial engines, missed revenue expectations and the stock pulled back from a 17-year highBusiness - MarketWatch - October 22 -
GE Vernova Finds Further Problems With Its Wind Turbine Blades
The company said other blades had a “manufacturing deviation” similar to a blade that shattered in July off the coast of Nantucket.Business - The New York Times - October 23 -
GE Vernova boss keeps search for offshore wind turbine orders on ice
Chief of world’s third-largest manufacturer hopes economic environment will improve after difficult periodWorld - Financial Times - 18 hours ago -
HSBC embarks on major restructuring, names first female CFO
HSBC has unveiled a major overhaul, announcing a new geographic setup, consolidated operations and a new CFO — the lender's first female finance chief.Business - CNBC - October 22 -
Big companies are seeing more turnover in the CFO chair. Here's why that matters
CFO turnover hit 8.9% globally during the period, surpassing levels in 2022 and 2023.Business - CNBC - October 26 -
Microsoft CFO says OpenAI investment will cut into profit this quarter
Microsoft has invested over $13 billion in OpenAI, a bet that's weighing on the company's profitability.Business - CNBC - October 31 -
GE HealthCare announces time-saving AI tool for doctors who treat cancer
GE HealthCare announced a new artificial intelligence application it said will save time for doctors who diagnose and treat cancer.Business - CNBC - October 21 -
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Google's new CFO makes earnings call debut, says company can 'push a little further' on cost cuts
In her first earnings call as Alphabet CFO, Anat Ashkenazi said more streamlining will be needed so the company can invest in AI.Business - CNBC - October 30 -
Volkswagen CFO says 64% drop in profits shows ‘urgent need’ for cost cuts
The German car maker reported a sharp 12% drop in its sales in China as it said it profits were hit by higher fixed costs and €2.2 billion worth of restructuring expensesBusiness - MarketWatch - October 30 -
Phunware’s stock slides after CFO steps down and poll puts Harris ahead in Iowa
Shares of Phunware Inc. are down 5.1% after the mobile-advertising company tied to former President Donald Trump’s 2020 campaign said Chief Financial Officer Troy Reisner is stepping down. The news ...Business - MarketWatch - November 4