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...JPMorgan Asset Management and State Street Global Advisors both confirmed they were leaving Climate Action 100+....
...(which may entail in‐house counsel or outside counsel proceeding with foreclosing on the collateral and/or commencing litigation or similar legal actions)....
...JPMorgan Asset Management, Pimco and State Street Global Advisors this month announced they would leave Climate Action 100+, an initiative to encourage companies to take action on climate change....
...US hedge fund Elliott Management has instead been on a buying spree, betting that the market has grown too pessimistic over potential losses....
...proposals on the issue by key Climate Action 100+ investors — who are supposed to be ensuring that polluting companies take action....
...Back in Europe, some are sceptical that Brussels’ actions will have the desired effect....
...Witness the spate of high-level desertions suffered by Climate Action 100+, an association of investors that engages with polluting companies to reduce emissions....
...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...We take action against those who seek to avoid tax.”...
...Hedge funds are challenging private equity firms over restrictions that dictate who can lend to or buy the debt of buyout-backed companies, weighing legal action to capitalise on a surge in corporate distress...
...Gene Munster at Deepwater Asset Management said he was surprised by Apple’s decision to settle the case, given companies commonly offer commentary on market trends....
...BlackRock has scaled back its commitment to Climate Action 100+ while State Street, JPMorgan Asset Management, Pimco and Invesco have withdrawn entirely....
...to implement management that is conscious of cost of capital and stock price”....
...The STDC had been joined in its action by Teesworks Ltd, the public-private joint venture set up to develop the steel site....
...Morgan Stanley Investment Management has filed to adopt Vanguard’s exchange traded fund multi-share class structure, becoming the fifth in line to seek approval to do so....
...The FAA would need more inspectors for aircraft certification, he said, and the regulator was likely to keep some in place at Boeing and Spirit facilities after the audit....
...WW has attractive, long-term debt agreements with no maturities due before 2028, $109mn of cash as of the end of 2023, and an undrawn $61mn revolving credit facility....
...fraction of the requested documents to be provided to the US inquiry, saying the release of some could “harm the national security, interests, policies or rights” of the kingdom, according to its legal action...
...To counter this, UPS announced plans to cut 12,000 management jobs. It also wants to sell its Coyote Logistics truck brokerage unit it acquired in 2015....
...Any rebound for Citi next year starts in its services unit, offering working capital and payment facilities to its multinational corporate clients....
...“A lack of political will on the side of the national authorities has limited the impact of some of the commission’s actions,” Jakobsen added....
...Building a new stadium is one way a club can take action to increase revenue, given television deals are typically negotiated by leagues not clubs....
...In other words, it seems possible that the management team is just not very good.”...
...Last year’s strike against the big three unionised US automakers — the first such action ever — resulted in significant concessions on wages and benefits....
...And the Bank should get closer to the Debt Management Office....
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