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...Drahi bought London-based Sotheby’s in 2019 for $3.7bn via his family office, not Altice....
...Altice USA has a lot of debt. Like $25bn of net debt, or 6.7 times Ebitda. This fact, in itself, wouldn’t normally be worth a blog post....
...Bloomberg reported in February that US-based Charter Communications was working with advisers to explore a potential takeover of Altice USA, whose shares have lost more than 90 per cent of their value since...
...A push into the US market has gone poorly for Drahi: since spinning off Altice USA from its European parent in 2018, the share price has collapsed by 93 per cent and the company has been losing subscribers...
...security released, a shrewd decision given the market turmoil now surrounding Altice after Drahi’s longtime lieutenant was swept up in a Portuguese corruption probe)....
...The company, which has operations in Portugal, Israel and the Dominican Republic, is one of Altice’s three main silos, alongside Altice France and Altice USA....
...Inc., a footwear company based in California, agreed to settle charges for failing to disclose payments for the benefit of its executives and their immediate family members....
...His Altice companies — Altice France, Altice International and Altice USA — have some $60bn of net debt outstanding. The largest part is owed by the private French company....
...Altice USA’s chair Alexandre Fonseca has also stepped back....
...Altice USA remains listed, with Drahi as its biggest shareholder....
...The court is deliberating on another case, Relentless Inc vs Department of Commerce, that seeks to overturn a 40-year-old legal doctrine that says courts should generally defer to agencies’ interpretation...
...In March 2023 the iShares ESG Aware MSCI USA ETF (ESGU) haemorrhaged $3.9bn in one day. On the same day the iShares MSCI USA Quality Factor ETF (QUAL) saw a $4.8bn jump in net inflows....
Preliminary report by NTSB finds part that detached had been removed at Washington factory
US transportation secretary Pete Buttigieg says he has spoken with chief executive following 737 Max door panel mishap
Pilots reported pressurisation warnings on three flights in month before Alaska Airlines incident
FAA recommends inspections of aircraft with same kind of door plug as Alaska Airlines plane involved in blowout
...., March 18, 2024 — The Securities and Exchange Commission today announced settled charges against two investment advisers, Delphia (USA) Inc. and Global Predictions Inc., for making false and misleading...
...WWE’s decision to take Raw off USA Network, where it is the top-rated programme, also reflects the economic pressures on traditional cable television operators as more consumers shift to streaming....
...These are rebased MSCI net return indices, in dollars, for each country, and the MSCI USA and World indices....
...The price is a steep increase over Raw’s current deal with Comcast’s USA Network. More importantly, this marks Netflix’s plunge into pricey live programming, an area it had long eschewed....
...Altice USA, a roll-up of regional cable television providers, has seen its own equity value shrivel to just $1bn set against $25bn of debt....
...BlackRock’s iShares ESG Aware MSCI USA ETF, commonly known as ESGU, lost more than $9bn in assets as it was removed from a BlackRock model portfolio....
...In 1983, he founded Aristotle Inc, a technology consultancy that sold voter data to political campaigns....
...As a result, the iShares MSCI USA Quality Factor ETF (QUAL) was in the top 10 of US-listed ETFs by flows last year, with $11.1bn, Rosenbluth said, as quality stocks “did well in an uncertain economic environment...
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