Hints and tips:
...Formed in 2019 by a tie-up between BB&T and SunTrust, Truist lost nearly $5bn in the quarter, down from a profit of $1.6bn in the same quarter the year before....
...The perimeter of the financial junkyard is defined by a rating of BB+ from Fitch and S&P, and Ba1 from Moody’s....
Racing for scale with buggy, money-losing products doesn’t work in most sectors
...BB&B shares are down more than 20 per cent, which will happen when you have to issue a “going concern” warning....
...The move was supposed to be a shining moment for Apple’s software prowess but the launch was so buggy — some bridges, for example, appeared deformed and sank into oceans — that chief executive Tim Cook said...
...Truist, the regional bank formed in 2019 through the merger of BB&T and SunTrust, also cut its revenue growth target for 2023 “driven almost entirely by a lower net interest income outlook given higher deposit...
...Capital Group US Multi-Sector Income ETF, meanwhile, will target a high level of income with some capital appreciation by investing predominantly in US bonds rated BB+/Baa1 or below, including non-rated...
...(BB&B has gyrated between $4 and $28 over the past year, often moving wildly with no other impetus than social media hype)....
...The international rating agency pushed the long-term debt rating deeper into junk territory, lowering it from BB- to B+ — putting G20 country on a par with Benin, Egypt, Turkmenistan, Rwanda and Kenya....
...It would never be obviously child porn, you know, inc come here and buy your images. So it was quite deceptive, I would say....
...But just as I would have been unable to pick which one of several hundred early 20th-century automotive start-ups would replace the horse and buggy, I am reluctant to buy into today’s crypto craze (I think...
...For the electric vehicle company run by Elon Musk to justify the stratospheric $1tn stock market valuation it hit this week (while remarkably still bearing a subinvestment credit rating of BB+), Tesla has...
...Pittsburgh-based PNC became the fifth-largest US bank by assets last year after it acquired the American business of Spain’s BBVA for $11.6bn, while a year earlier BB&T bought SunTrust for $28bn to create...
...Walmart, Salesforce, Johnson & Johnson, HP, Truist (formerly BB & T and SunTrust banks) and utility Southern Company gave rival US business school teams diversity goals to meet, and asked them to come up...
...This article has been modified since publication to clarify that Chris Nicholas is CFO of Walmart International, not Walmart Inc...
...You can access these ideas through listed biotech stocks and their accompanying funds such as BB Biotech, but I think the most interesting ideas are in private venture capital....
...The deal is the first large bank merger since BB&T bought SunTrust for $28bn in February of 2019, forming what is now Truist....
...The only way to do that, they deduced, was to offer a “better” alternative to buggy file-sharing platforms and BitTorrent....
...The fast-moving, risk-taking, win-at-all costs corporate culture that enabled a start-up like Uber to succeed is too buggy for a global public company and has to be updated....
...Tech and other sectors may be trying their hardest, but in trying to accelerate the development cycle we are seeing a lot of buggy alpha and beta attempts at coming up with solutions....
...Last year, BB&T and SunTrust combined in a $66bn all-stock deal that created a commercial banking giant in the south-east of the US, with more than $400bn in assets....
...Recent acquisitions have demanded high prices or been mergers of equals, such as when BB&T combined with SunTrust last year to create a bank just bigger than Mr Demchak’s....
...S&P on Tuesday lowered its rating for Macy’s to BB+ — one notch below investment grade — from BBB-, saying it viewed Macy’s turnround plan as necessary but also a sign that the department-store chain’s “...
...That came a day after S&P lowered its rating for Macy’s, the department store chain, to BB+ — one notch below investment grade — from BBB-....
...Bernstein analysts also argued the credit agencies “have got it backwards”, noting that they rate Netflix bonds at BB-, or “junk” level, while the struggling media group ViacomCBS is rated at BBB, giving...
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