Sprint Nextel, the $41 billion provider of wireless and wireline communications services, with headquarters based in Reston, Va., named senior vice president and controller, William G. Arendt, acting CFO Arendt, 50, replaces Paul Saleh, who left the company January 25.

Bristol-Myers Squibb Co.'s $275 million write-down on auction-rate securities partially collateralized by subprime mortgages was more than just the biggest loss by a nonfinancial company related to subprime investments: It has become the stimulus to reopen the debate on whether corporate treasuries should operate as a cost center or, on...

FIREapps' Wolfgang Koester deciphers how the dollar's frailty and comeback potential could wreak havoc on corporate financials