Industry News

Accounting

The SEC says PCAOB staffers leaked confidential materials to KPMG partners to boost the firm’s inspection results. (CFO)

http://ww2.cfo.com/auditing/2018/01/six-cpas-accused-rigging-audit-inspections/

Information Systems

Last week, Intel said all modern processors can be attacked by techniques dubbed Meltdown and Spectre, exposing crucial data, such as passwords and encryption keys. (Industry Week)

http://www.industryweek.com/information-technology/inside-semiconductor-industry-s-meltdown

Supply Chain Management

Almost six in 10 large corporations are considering using blockchain to streamline supply chains. (Industry Week)

http://www.industryweek.com/supply-chain/ibm-comcast-ventures-back-fund-blockchain-business-startups

Marketing Analytics

The rapidly advancing area of artificial intelligence will require a new field of laws and new regulations governing a growing pool of businesses involved, according to Microsoft Corp., a 25-year participant in AI research. (Industry Week)

http://www.industryweek.com/emerging-technologies/microsoft-sees-need-ai-laws-regulations

Finance

JPMorgan’s Q4 adjusted earnings beat analysts’ estimates and it expects the tax cuts will boost profits “in 2018 and beyond.” (CFO)

http://ww2.cfo.com/financial-performance/2018/01/jpmorgan-takes-2-4b-charge-due-tax-law/

Business & Management

Huggies maker Kimberly-Clark is extending its cost-cutting efforts, including reducing its workforce by 12-13% over the next four years, as it seeks profitable growth amid weak sales in its key North American market. (CFO)

http://ww2.cfo.com/strategy/2018/01/kimberly-clark-cut-12-13-workforce/

Business Analytics

Was former CEO Jeff Immelt wearing rose-colored glasses? Analysts are expressing disbelief that he and other members of the old management team didn’t know problems existed. (Industry Week)

http://www.industryweek.com/corporate-finance/ge-s-surprise-15-billion-shortfall-was-14-years-making