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...The saga is a window into the vagaries of private-company dealmaking, and how esoteric financial accounting can be weaponised by a canny counterparty....
...Is Napa Valley quantitatively important to California wine? Absolutely not. The volume of wine it produces is just four per cent of the total. But in terms of image and prestige, it is vital....
...The Carmel Beach Hotel, operated by Mirabel, the hotel-restaurant company owned by local David Fink, has taken over Colonial Terrace at the corner of 13th and San Antonio (a serendipitous location: San Antonio...
...It is also working with another pharmaceuticals company to lower the price of insulin through the scheme, and officials said they were looking for ways to lower the price of other drugs in the state....
...The design of O’Neill’s home is a mix of Taoist nods — with a meandering front path, door and shutters painted red for luck, (mistranslated) Chinese characters on the gate — and rambling, Spanish-California...
...The FT’s Wall Street editor Sujeet Indap explains how the deal went off the rails, and how the supermarket’s owners might end up paying millions of dollars to sell their company....
...“The settlement reflects [our] desire to avoid the distraction related to protracted litigation in this case,” said the company....
...California is the biggest delegate prize in the presidential primary, with 424 Democratic delegates – nearly one-third of the total at stake on Super Tuesday....
...Blackstone owes the University of California twice as much as it did last quarter as part of a complex transaction to shore up its flagship real estate fund....
...Not only will generative AI sharpen the competitiveness of US companies, it will boost the overall economy, too....
...These investors, however, have very little say in the running of the companies contained in their funds, unlike direct shareholders....
...In reality, Microsoft is the company showing the most tangible proof of AI revenue generation from hefty investments....
...The most closely watched race in California is to fill the US Senate seat vacated by the death of Democrat Dianne Feinstein....
...The clashes at UCLA came after two weeks of controversy at the nearby University of Southern California, where administrators cancelled a graduation speech by the valedictorian, Asna Tabassum, a Muslim woman...
...His claim against UTA has no merit and is an attempt to divert attention from the misappropriation of company funds that led to his termination.”...
...At the turn of the millennium, the golden age of apathy, of 60 per cent voter turnout, casual political chat was rare, because it was considered naff. It is now ambient....
...(Heatmap) — Art and memory (London Review of Books) — Giving it the big one (The Fence) — The 6% solution?...
...This may explain the compression in private equity’s outperformance that is already evident; see the chart below from Bain & Company’s Global Private Equity report (while remembering that internal rates...
...“Continuing regulatory challenges” would contribute to a non-cash charge of $3.5bn-$4bn, the oil company said, reflecting a writedown in the value of its US upstream oil and gas assets, primarily in California...
...Pranab BardhanDistinguished Professor Emeritus of Economics, University of California Berkeley, CA, US...
...The company said its position in the iPhone maker was worth $135.4bn in the first quarter, down from $174.3bn at the end of 2023, indicating it had sold roughly 115mn shares in the company at the start of...
...The departure of Wood would no doubt add to hang-wringing over the state of London’s market. Yet this is a prime example of when take-private deals of struggling companies may be no bad thing....
...to vote against the re-election of Woods and Jay Hooley, the company’s lead independent director....
...Ithaca Energy has agreed a deal to acquire almost all of Eni’s UK oil and gasfields in a transaction worth about £750mn that will turn the London-listed company into one of the North Sea’s largest producers...
...Christie’s brings some Los Angeles warmth to a wintry London this week where it will show its star consignment for March: David Hockney’s “California” (1965), estimated at around £16mn....
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