Ford burns up billions of dollars in 1Q, posts $2B net loss

The coronavirus crisis is forcing Ford Motor Co. to burn through cash at an alarming rate, but its chief financial officer says there's enough money to make it through the year —even if U.S. factories aren't restarted.

Business

Lyft loses money again but eyes profits in about 2 years

Lyft is continuing to lose staggering sums of money as it barrels ahead with impressive revenue growth, but its executives said they believe the company will turn a corner and reach profitability in about two years.

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Chief financial officer

the CFO or Chief Financial Manager is a high standing position in any company. he reports to the board and CEO and carries out vary tasks and assignments for them. they are regarded as the second in the company to the CEO himself. CFO offers high command capabilities for individuals and allows them to exercise there leadership qualities under such projects as debt refinancing as so on. a position as CFO should be viewed as one with options and links, however usually is given to someone who has vast amounts of experience in the industry.

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