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Hundzinski join Tenneco as executive vice president, finance

Hundzinski join Tenneco as executive vice president, finance

LAKE FOREST — Tenneco Inc. has appointed Ron Hundzinski as executive vice president of finance, effective Jan. 1, 2019. Hundzinski recently announced his retirement as chief financial officer for BorgWarner Inc. effective Dec. 31. BorgWarner is a global product leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles. Upon completion of […]

Finance backs away from govt-wide records platform

Finance backs away from govt-wide records platform

The Department of Finance has been forced to rethink its approach to a proposed government-wide digital records platform after failing to find a supplier capable of providing a single off-the-shelf solution. The department went looking for industry feedback on the build of the would-be platform in August last year to shift the APS away from paper-based records information […]

South Korea's finance minister nominee says economy below potential growth level

South Korea's finance minister nominee says economy below potential growth level

© Reuters. A nominee for South Korea’s Finance Minister, Hong Nam-ki attends a meeting at the National Assembly in Seoul SEOUL (Reuters) – South Korea’s finance minister nominee said the country’s months-long property boom is cooling down and economy is below its full potential, signaling to markets that monetary tightening is not urgent for now. […]

Can You Pass This Simple Retirement Quiz?

Can You Pass This Simple Retirement Quiz?

When it comes to retirement, anyone can talk about all the fun activities they want to do, the trips they want to take, and how excited they are to finally spend all their time doing the things they love. But saving for retirement is a different story. In fact, only 38% of investors say they […]

Dow sheds more than 250 points, oil slides

Dow sheds more than 250 points, oil slides

Stocks fell for a second day and oil prices extended a multi-session rout. The S&P 500 (^GSPC) fell 1.42%, or 39.75 points, as of 2:29 p.m. ET, with the tech sector leading declines. The Dow (^DJI) slipped 1.08%, or 282.93 points, after shedding as many as 308 points at its intraday low. The tech-heavy Nasdaq (^IXIC) […]

US Republican McHenry to seek senior party post on House finance panel

US Republican McHenry to seek senior party post on House finance panel

WASHINGTON (Reuters) – U.S. Representative Patrick McHenry said on Thursday he was seeking the top Republican position on the House finance panel, and received the backing of a fellow Republican who had been considered the top contender for the role. Rep. Patrick McHenry (R-NC) speaks with reporters about the Republican led immigration reform effort on […]

Banks race to make money on trade finance platforms

Banks race to make money on trade finance platforms

When Texas-based Tricon Energy wanted to buy polymers from India’s Reliance Energy, the two companies avoided the usual rigmarole of phone calls, couriered documents and emails by logging on to a new blockchain system called Voltron. Within minutes they had completed negotiations on the terms of the sale and then secured a letter of credit […]

Museum of American Finance to Present Program on Democratizing Finance

Museum of American Finance to Present Program on Democratizing Finance

NEW YORK–(BUSINESS WIRE)–On November 14, the Museum of American Finance will present “Democratizing Finance: Expanding Access through FinTech,” a timely program that will discuss the transformation in the financial services industry – connecting people to affordable financial services anywhere and at any time – that is expected to generate economic growth and help reduce income […]

Stocks mixed as America votes

Stocks mixed as America votes

Stocks were Tuesday as investors buckle up for the final outcome of the US midterm elections. The S&P 500 (^GSPC) rose 0.08%, or 2.47 points, while the Dow (^DJI) advanced 0.14%, or 34.82 point, as of 2:32 p.m. ET. The Nasdaq (^IXIC) fell slightly by 0.02%, or 1.21points. Voters will take to the polls today to […]

Germantown: City spends most of 2018 without finance director; will a new one be hired?

Germantown: City spends most of 2018 without finance director; will a new one be hired?

City of Germantown(Photo: File) Germantown has spent most of 2018 without a finance director, but city officials hope the position will be filled soon. Paul Turner resigned Jan. 19, and the city posted the opening on its website, but the position is no longer listed with other employment opportunities in the city. The position will […]