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...Sotheby’s accounts also showed that it paid out more than $26mn to Drahi’s main Luxembourg investment vehicle in 2021 and 2022 for “strategic advisory and other executive-level services”....
...DBRS’s report also contains this wonderful description of Sotheby’s Financial Services’ collection strategy if any deadbeat art collectors fall behind on their payments: SFS employs a strategy for collections...
...In the fourth quarter of 2023, Chemours improperly pulled forward collections of recorded sales — known as accounts receivables — as well as delayed disbursements to its vendors — known as accounts payable...
...Bishop said Apple was already enforcing the filing requirement for Chinese developer accounts, and was required to do so for international services....
...There are two areas of concern: possible collection of US user data by China and the potential for China to use the app to influence its audience....
...Commissions as a percentage of sales at Sotheby’s have accordingly been hit, judging from public accounts to 2020 and subsequent Luxembourg filings by BidFair, the parent company for all Sotheby’s businesses...
...With retail staffing temporarily reshuffled to sort out the issues, this led to a “disruption to collections activity” in retail lending, said von Moltke....
...The Archbishop of Canterbury doesn’t have an account but a video of him saying “Oh God” at the funeral of the late Queen has been viewed millions of times....
...For now, advertising accounts for a small sliver of Walmart’s overall revenue. But it is highly profitable....
...One saving grace for mutual funds could be their use within retirement accounts, Apkarian said. Many recordkeepers still do not offer ETFs in 401(k) accounts because of operational issues....
...This puts Apple’s services revenue, which accounts for about a third of operating profit, at risk....
...Coalition for Equal Votes, which is co-chaired by Railpen and the CII, highlights how the presence of dual class shares makes it difficult for independent shareholders to hold corporate decision makers to account...
...“You could tell he was on to something even before he started the account....
...Of the 100 top-rated programmes in the US, National Football League games account for 90 per cent, for example. Vince McMahon’s WWE is going to get its money....
...Across the US market as a whole, ETFs only account for 31 per cent of the $26.5tn held in collective vehicles....
...This led to 381 customer accounts’ receiving unsuitable recommendations to hold these products beyond their intended use, the order stated....
...What were once fairly rough measures of financial markets — often calculated with slide rules by a few niche newspapers as a dull but worthy service to readers — now exerts power over them....
...HBO has been the centrepiece of the flagship Max streaming service from the combined group Warner Bros Discovery, as it looks to compete with larger rivals Netflix and Disney....
...The likes of well-funded Block and Stripe are driving down costs for merchants but also profit margins for payment service providers....
...The profit margin of the service sector (which accounts for 20% of revenue) has, in the opinion of our analyst, peaked at 70% as Apple needs to find incremental services with large TAMs, with much of the...
...The latest accounts show 11 per cent of British Library revenue in 2022-23 came from commercial operations and 9 per cent from donors....
...Accolade, which has a near-A$600mn loan due in 2025 according to the company, has been struggling to service its debts....
...And they do own one service that might provide an answer, but it's complicated. As a seller, they've not done a single thing for me....
...Never underestimate the propensity of the supposedly-very-serious financial services industry to come up with this stuff....
...In a spreadsheet where he had meticulously logged every contact with Uber customer service, Samii had recorded 14 emails and 126 minutes on the phone....
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