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News

• Satyam will pay US$10M to settle US fraud charges

  Indian outsourcer Satyam Computer Services has agreed to pay a US$10 million penalty to the U.S. Securities and Exchange Commission (SEC) to settle charges of financial fraud, the SEC said.

• 10 questions for Zoovy CFO Tom Saftig

  Name: Tom Saftig

• CFOs see tech, strategic hires key to business growth

  An improving economy should be spurring CFOs to hire workers to handle the increased business that their companies are experiencing lately. But <a href="http://rhfa.mediaroom.com/2Q11HiringIndex"><a href="http://rhfa.mediaroom.com/2Q11HiringIndex">a survey</a> </a>conducted in conjunction with the latest Robert Half Financial Hiring Index finds that finance executives are being extremely cautious about how they increase headcount.

• A legacy from the 1800s leaves Tokyo facing blackouts

  East Japan entered its fifth day of power rationing on Friday, with no end to the planned blackouts in sight. The power shortages began last week when a massive earthquake and tsunami knocked nuclear power stations offline. The local electrical utility can't make up the shortfall by importing power from another region, though, because Japan lacks a national power grid, a consequence of a decision taken in the late 1800s.

• Flash, DRAM prices spike on worries over supplies from Japan

  Prices of widely used chips, including NAND flash memory and DRAM, have both risen sharply since the 9.0-magnitude earthquake struck and hurled tsunami waves at the northeastern part of Japan.

• 10 questions for VBrick Systems CFO Paul Hallee

  Name: Paul Hallee

• Clearwire loses CEO, two other top leaders

  Three top executives of mobile WiMax operator Clearwire are leaving the company, including CEO Bill Morrow, who will be replaced for the time being by Chairman John Stanton.

• Tech CFOs to hire sales, R&D staff as growth returns

  Technology companies anticipate that growth will return to that sector in 2011 and have plans to hire the workers necessary to capitalize on that, according to a recent poll of tech CFOs.

• How’s Business? More Retailers Say Wait Until the Quarter

  Among analysts and investors, debate has been growing about a retailer-reporting trend to stop publicizing monthly sales, and instead to offer results only quarterly. It's a trend some retailing experts see as robbing them of an important barometer in determining a business' fiscal well-being.

• Cloud Cruiser aims to ease cloud chargeback issue

  As more companies shift more work to the cloud, they are struggling with a new financial problem, namely how to accurately charge business units for use of the cloud services.

• 10 questions for Black Duck CFO Ken Goldman

  Name: Ken Goldman

• Rising oil prices could push up price of electronics, R&D

  Rising world oil prices threaten to raise the cost of consumer electronics and slow development by forcing Asian manufacturers to spend more on transportation and raw materials, regional economists say.

• Hiring insights from, and for, CFOs

  With the economy continuing to pick up steam, industry surveys and analysts are predicting an attendant uptick in hiring for financial positions, including CFOs. While CFOs themselves could be changing jobs, they also are increasingly more likely to be doing some hiring.

• EU warns UK to change two non-resident company tax laws

  The European Union has told the U.K. to change two pieces of tax legislation on the transfer of assets to non-U.K. resident companies or further action may be taken to force compliance.

• 'As One': New book explores models for collaboration

  A couple of years ago, business consultant Mehrdad Baghai and James Quigley, the global CEO of Deloitte Touche Tohmatsu, were chatting about Quigley's formidable challenge of getting all 170,000 of his company's employees "on the same page," working for the collective good of the organization.