In answer to the question my colleague Nikki Sein posed, “Can things get worse for the cruise ship industry?” If Costa Cruises’ most recent debacle is any indication, the answer […]
Barrick Gold announced it has appointed Shaun Usmar as its new CFO. Usmar, a former executive at Xstrata (now Glencore), will join the company as EVP this month and as CFO in February 2015. He is replacing Ammar Al-Joundi, who is leaving the company. The CFO change is the latest in a series of top management changes at Barrick. In July the mining company revamped its top management structure, creating two co-president positions and eliminating the CEO post, which was vacated when CEO and longtime Barrick executive Jamie Sokalsky resigned.
November 10, 2014
In an update last week, D&B Editor Tim Green noted the “explosive” growth of IT services provider Cognizant Technology Solutions. Revenue and profit both rose about 20% in 2013, hitting historic milestones of $8.8 billion and $1.2 billion, respectively. The results come amid increasing demand for offshore IT software and services and business process outsourcing (most of Cognizant’s employees and development centers are in India). The company is seeking long-term growth by targeting the Middle East and Asia/Pacific regions, specifically Japan, India, Australia, and Singapore. Follow Tim on Twitter.
November 17, 2014
Most US accounting firms reported an increase in revenue in 2013, according to a new survey by the American Institute of CPAs and Texas Society of Certified Public Accountants. Firms of all sizes experienced growth in net client fees, ranging from 4 to 8 percent. While recovery from the late-2000s recession continues for the industry, more firms are saving money to invest in the future and prepare for challenges anticipated over the next few years. For more industry trends, see our Accounting Services profile.