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...Cable makers know about making connections. Prysmian, the world’s largest, this week used that expertise to agree to buy Texas-based Encore Wire for €3.9bn. There will be more hook-ups to come....
...The company, which reported revenues of more than €15bn in 2023, was spun off from tyre group Pirelli in 2005....
...We talk about The Wire and its frank depiction of some of those problems. Things, he says regretfully, “have not gotten better”....
...If this succeeds, the company would merit a rating closer to that of purer play NKT, which trades on a 19 times multiple. Deep structural trends and insulation from the cycle underpin cable investments....
...David Middendorf, a former KPMG managing partner for audit quality, and Jeffrey Wada, who worked at the Public Company Accounting Oversight Board, were convicted of fraud over claims that Wada passed confidential...
...Last week, Prysmian, the world’s largest cable maker, used its expertise in making connections to snap up Texas-based Encore Wire for $3.9bn....
...This turns running a bank into a high-wire act where the rich rewards for senior executives are accompanied by the risk of very public humiliation....
...Rising rates make the financial high-wire act of the billionaires from Blackburn even more daring. See them juggle key assets Asda and EG Group in a bid to keep their balance!...
...This is an audio transcript of the FT News Briefing podcast episode: ‘A daring high-wire act: Inside the Asda buyout’ Marc FilippinoGood morning from the Financial Times....
...“Many of these companies are the lifeblood of many of these lawmakers who are making these horrible decisions,” Johnson said....
...Kwon also faces eight criminal counts including securities, commodities and wire fraud, while he is accused of violating capital market rules in South Korea....
...of control he exerted over the company....
...It could be stealing cable and making power cuts worse next time round....
...However, traditional aluminium conductor steel reinforced cable lines are heavy and the thick steel support limits the volume of aluminium wires, which are responsible for transmission capacity....
...Corporate updates: Australia’s Pilot Energy and Hong Kong financial company Emperor Capital Group present fourth-quarter earnings. Taiwan-based Asia Pacific Wire & Cable releases third-quarter results....
...Last year US prosecutors filed eight criminal counts against him including securities, commodities and wire fraud....
...The Chicago City Wire and Advantage Informatics did not respond to requests for comment....
...High bandwidth memory chips are produced by stacking Dram memory chips and connecting them with tiny wires running through small holes in each layer, like a multistorey library with a lift swiftly transporting...
...Kwon, who faces eight criminal counts, including securities, commodities and wire fraud, repeated misleading claims in a TV interview in October 2019 and in a social media post the following year, prosecutors...
...Results: British private banking company Arbuthnot Banking Group and Edinburgh-based oil and gas exploration firm Capricorn Energy release results, while retailer JD Sports issues a trading update....
...Attendees on Saturday night reported that the building looked unfinished, including wires hanging down from the ceiling, as well as organisational confusion during the exit of guests afterwards....
...The reports alleged that Ohtani transferred wire payments worth millions of dollars to Mizuhara to cover a debt....
...“I should have known better than to wire the money,” said Angela....
...Lynch, 58, is standing trial alongside Stephen Chamberlain, Autonomy’s former vice-president of finance, on 15 charges of wire fraud and conspiracy that carry potentially lengthy prison sentences....
...The task now was to cross it, which we did via a zip wire slung between two massive pines that would have been likewise used by trainee Commandos in the 1940s....
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