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...Hedge funds that use the pass-through model only delivered 5.98 per cent net of fees, the first time in three years they lagged behind peers....
...Jefferies analyst David Hayes, who estimated the total liability at between $2.5 and $7.5bn, argued that Reckitt should seek settlement soon....
...Fourth-quarter adjusted earnings per share came in at $2.98, significantly ahead of market expectations of $2.40, despite a decline in comparable sales....
...The deal with SK Growth Opportunities is expected to raise about $100mn, giving the company an implied enterprise valuation of $7.3bn....
...Vanderbilt University made headlines this month after a letter sent to a newly admitted engineering student showed the total cost of attendance would be $98,426 for the 2024-25 school year....
...On underlying profit of €7.6bn last year, Axa announced a €1.6bn share buyback and a dividend of €1.98 per share. Net income rose 8 per cent to €7.2bn but slightly missed analyst forecasts....
...Julio, from Tampa in Florida, completed on a two-bedroom flat in Recoletos this week....
...Public sector debt, or borrowing accumulated over time, was about 98.3 per cent of GDP, the highest since the early 1960s....
...Casa handblown glass and brass PH 3/2 table lamp, POA Japanese handmade glazed earthenware bowl, £69, japanhouselondon.uk AMI Paris wool blazer, £940 Cartier vintage gold Tank Louis Cartier watch, £7,250...
...Economists had expected a core rate for March of 3.7 per cent....
...There are 25 companies (non-investment) in the Fledgling index compared with 98 five years ago. The Small Cap index lost half its market capitalisation in the past five years to takeover bids....
...His choice was warmly welcomed and Italy’s 10-year bond yield fell from nearly 7 per cent at the time to just 2 per cent three years later....
...Prices for German government debt rose, pushing the yield on benchmark 10-year Bunds down 0.03 percentage points to 1.98 per cent, the first sub 2 per cent reading since January 2022....
...Despite this, Lowe remembered her time in Florida fondly — she told the Tampa Tribune in 1976: “Those were the happiest days of my life and I will always feel that Tampa is my real home.”...
...A 2021 “report card” by the American Society of Civil Engineers found that 42 per cent of bridges were more than 50 years old and 7.5 per cent were “structurally deficient”....
...The S&P 500 was up 0.4 per cent in mid-afternoon trading, and the tech-dominated Nasdaq Composite rose 0.7 per cent....
...Airbnb shares, up about 25 per cent in the past 12 months, rose almost 7 per cent in after-hours trading....
...Data released later today is expected to show September’s US consumer price index reaching 3.6 per cent year on year, down from 3.7 per cent in August....
...It predicted it would meet or exceed its target of $7.5bn in annualised savings this year....
...Long-shot candidates Dean Phillips and Marianne Williamson had 2.7 per cent and 3 per cent, respectively....
...Trump won 98 out of Iowa’s 99 counties — including 61 that he failed to carry in 2016....
...In Europe, 10-year German bond yields fell slightly to 2.906 per cent, close to last week’s 12-year high of 2.98 per cent....
...The deal helped Sistani and her team increase full-year subscriber numbers for the first time in three years to 3.8mn, up 7 per cent from 2022....
...Their first show in both locations will be of the Brazilian artist Jota Mombaça (mixed media, €7,000-€40,000)....
...Now, that number is presumably about 100 per cent — SDC filed for Chapter 11 bankruptcy in September, and then for Chapter 7 liquidation in January....
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