The Institute of Chartered Accountants of Scotland (ICAS) has introduced a new professional designation, Accounting and Business Professional (ABP), in response to growing global demand for skills in accounting, finance and business. ABP is only the third designation to be created by the institute in its 172-year history, and the first designed to operate alongside its long-established chartered accountant (CA) qualification. Candidates can complete ABP as an independent qualification or use it as an en ...

This story was originally published on CFO.com. To receive daily news and insights, subscribe to our free daily CFO.com newsletter. ARLINGTON, Texas — Though the jury is still out on the long-term implications of the latest artificial intelligence tools, it’s hard not to see some parallels to the Theranos scandal. The medical device company run by convicted fraudster Elizabeth Holmes was full of promise, claiming to have developed a finger-prick blood test that could screen for a range of diseases and d ...

This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter. PepsiCo plans to shutter a Frito-Lay distribution plant in California, the latest closure for the snacking giant as it aims to bring production in line with lagging demand. The facility in Rancho Cucamonga is scheduled to cease operations on June 6, PepsiCo said in a WARN notice filed with the state of California. The move will result in 248 layoffs.  PepsiCo ended manufa ...

MHA, an independent UK member of Baker Tilly International, has appointed Murray Watt as partner and head of operations. In this position, Watt will work with the CEO and senior leadership to implement MHA’s growth, transformation and operational priorities. MHA group chairman and CEO Rakesh Shaunak said: “Murray brings a rare combination of strategic clarity and operational discipline. “His experience driving growth and transformation initiatives across global markets will be invaluable as we continue ...

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Wells Fargo has hired KeyBank alum Dennis Devine to lead its business banking operations, effective immediately, the San Francisco-based lender announced Monday. Devine spent eight years at KeyBank, capping his stint as president of consumer banking at the Cleveland-based lender, according to LinkedIn. He left the bank in 2020 and became CEO at Alliant Credit Union ...

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Bank charter applications exploded last year to a level not seen since 2008. The 18 bank charter applications submitted to the Office of the Comptroller of the Currency in 2025 equaled the number received in the prior four years combined. In December, Jonathan Gould, the agency’s chief, called the application boom “a return to the norm.” But nearly every year betwe ...

By Echo Wang and Kane Wu NEW YORK/HONG KONG, Feb 25 (Reuters) - Investment firm General Atlantic is selling an equity stake in ByteDance in a deal that values the Chinese social media giant at $550 billion, two people with knowledge of the matter said, ‌marking a dramatic rise in the privately held shares. The potential stake divestment will be the first since the Trump administration cleared the sale ‌of the U.S. interests of ByteDance's TikTok unit in January, and marks a 66% jump in value since a sh ...

On Feb. 24, President Donald Trump delivered his highly anticipated State of the Union address to a joint session of Congress. His speech outlined accomplishments and milestones reached since taking office -- e.g., the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) have all hit several record-closing highs -- as well as laid out select policy proposals for the upcoming year. Of note, Trump championed tariffs as "one of the primary reas ...

Haleon shares fall 3.4% as revenue growth falls short of the company's own medium-term target Proactive uses images sourced from Shutterstock A weak cold and flu season and a cautious American consumer pushed organic growth to 3%, a full percentage point below the floor of what Haleon has promised investors Haleon PLC (LSE:HLN, NYSE:HLN) shares fell 3.4% to 392.1p on Wednesday after the consumer health group reported full-year organic revenue growth of 3%, missing the 4-6% medium-term range it has set as i ...

TOKYO, Feb 25 (Reuters) - Japan's Fair Trade Commission raided Microsoft Japan's offices on ‌Wednesday as part of an investigation ‌into whether it improperly restricted customers of its Azure ​platform from using rival cloud services, a source with direct knowledge of the matter told Reuters. The person declined to be identified because the ‌information is ⁠not public. The FTC declined to comment. A Microsoft Japan spokesperson said the company ⁠is "fully cooperating with the JFTC in their requests." ...