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InterviewArtificial intelligence
BCG says AI consulting will supply 20% of revenues this year
...BCG is working with global tech giants and AI companies — from Microsoft and Google to OpenAI and Anthropic — to integrate their technology into company operations and processes....
April 23, 2024
US financial regulation
Largest US supermarket deal caught in Biden antitrust crackdown
...“We are disappointed that the FTC continues to use the same outdated view of the US grocery industry it used 20 years ago,” an Albertsons spokesperson said....
February 26, 2024
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
FT live news
News updates from February 27: Hungary backs Sweden’s Nato bid, FTC sues to block Kroger-Albertsons merger
Inside BusinessSujeet Indap
Delaware, Inc agonises about Musk backlash as its lawyers seek changes
...Still, Delaware, Inc is going to have to decide whether its brand should be based on being an even-handed, dispassionate system or something more corporate-friendly, designed to keep up in a regulatory race...
April 23, 2024
Behind the Money podcast21 min listen
When M&A goes wrong
...Clip from KCRA For further reading: The inequity method of accounting Opposition shadows Cerberus windfall from Albertsons supermarket deal The pool is closed, part 1 On X, follow Sujeet Indap (@sindap...
April 24, 2024
LexMergers & Acquisitions
Dealmakers beware: US antitrust enforcers wade into workers’ rights Premium content
...It dismissed a proposal by the two companies to divest several hundred stores as “inadequate”....
March 12, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Due Diligence
The billionaire, TikTok and Trump Premium content
...In recent months, the regulator sued Apple for allegedly building a monopoly in the smartphone market and it also sued to block Kroger’s acquisition of Albertsons — the largest supermarket merger in US history...
April 24, 2024
News updates from February 27: Hungary backs Sweden’s Nato bid, FTC sues to block Kroger-Albertsons merger
FTC sues to block biggest supermarket merger in US history
...The US Federal Trade Commission has sued to block Kroger Company’s acquisition of Albertsons Companies in a move that threatens the largest supermarket merger in US history....
February 26, 2024
Lex PopuliInvestments
If you like a company, should you buy its shares?
...As they garner more information about their companies — assuming it is positive — they hold fast. Of course it cuts both ways....
April 19, 2024
Unhedged
It’s much more than just a tech rally Premium content
...The FTC is suing to stop the big Albertson’s-Kroger grocery merger. I’m not sure what to think about this....
February 27, 2024
LexHelen Thomas
The Lex Newsletter: New terrain for antitrust watchdogs Premium content
...The US Federal Trade Commission last month sued to block Kroger’s $24.6bn bid to buy rival Albertsons, the largest supermarket deal in history....
March 13, 2024
Aldi
Aldi heads down new aisle with US supermarket shopping spree
...“It’s not only Aldi doing this deal, you’ve got Kroger and Albertson looking to merge.”...
September 3, 2023
Apple Inc
Apple removes WhatsApp from China store under pressure from Beijing
...But the company was ultimately unable to get permission to operate locally....
April 19, 2024
Gillian Tett
Companies must rethink how they handle cyber risk
...The CIA’s Patel says more companies are waking up to the dangers. “Since the Russia-Ukraine conflict, the private sector has been much more forward-leaning,” she notes....
April 18, 2024
Drug prices
Copycats take bite out of AbbVie’s best-selling Humira drug
Success of biosimilars in lowering prices will depend on decisions from powerful pharmacy benefit managers
April 25, 2024
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
LexElectric vehicles
Slumping EV sales should not ring alarm bells in Europe — yet Premium content
...Sales of higher-margin combustion engine vehicles help with cash flows while the legacy European companies invest in electric models. The question is how long the breathing space will last....
April 23, 2024
LexTesla Inc
Robotaxis are not the solution to Tesla’s problems Premium content
...It is a stretch to imagine that robotaxis can turn the company’s fortunes around this year. Musk presided over the company’s latest quarterly earnings call with a confusing message....
April 23, 2024
News in-depthAutomobiles
How VW and Toyota became the targets of an emboldened US union
...The gains the UAW made last autumn impressed workers such as Kassie “KC” Albertson, who has been employed at Troy for a decade....
April 4, 2024
Google LLC
Google streamlines structure to speed up AI efforts
...Some have blamed this on Google’s fragmented structure, big-company bureaucracy and the lack of a coherent company-wide plan for rolling out generative AI across its range of products and services, the Financial...
April 18, 2024
LexIntuit Inc
AI boom can even work on your taxes Premium content
...In recent years, the company has sought to diversify through acquisitions. It bought personal finance company Credit Karma for $8.1bn in 2020 and email marketing provider MailChimp for $12bn in 2021....
April 22, 2024
Airlines
US airlines under fire for raising baggage fees again
...“While we don’t like increasing fees, it’s one step we are taking to return our company back to profitability and cover the increased costs of transporting bags.”...
March 10, 2024
US & Canadian companies
Pwease don’t be mean, I’m just a wittle luxury bag conglomerate 👉👈
...to us that they don’t understand how consumers shop today and they don’t understand the dynamics of a marketplace with no barriers to entry, constant influx of new competitors,” Joanne Crevoiserat, the company...
April 23, 2024
JD Sports Fashion PLC
JD Sports to deepen US reach with $1bn bid for Hibbett
...JD Sports will pay $87.50 per Hibbett share in cash, representing a premium of about 21 per cent to the US company’s last closing price....
April 23, 2024
Netflix Inc
Netflix profits surge after password-sharing crackdown
...The company said it generated strong engagement in the first quarter from subscribers in the UK with Fool Me Once, which had 98mn views....
April 18, 2024
TikTok Inc
TikTok gears up for legal fight in US to prevent ban
...A series of TikTok executives in the US have exited after the four-year mark, including the company’s former chief operating officer, Vanessa Pappas....
April 22, 2024

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