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...From customer service chatbots to data migration and overhauling research and development in healthcare, Schweizer said BCG is helping companies use AI to cut costs and increase productivity....
...“Like consumer and business audiences, authentic credibility has overtaken hard sales when it comes to increasing trust and business growth,” he added....
...But it looks like being a very slow burn, and it is far too early to tell whether it will end up being a major new computing platform or a niche for Apple superfans. richard.waters@ft.com...
...McKinsey faced criminal charges in South Africa in a government corruption scandal, and it is still working through the legal fallout from advising US drug manufacturers on how to “turbocharge” opioid sales...
...By shifting its mix of businesses to services, Apple has kept margins expanding even as sales dip....
...McKinsey boss Bob Sternfels is facing a tougher than expected bid for re-election after a backlash to his restructuring of the consulting firm and a slowdown in growth....
...She swept into a room full of dreary suits sporting a shocking-pink leather biker jacket and a razor-sharp white bob. I remember thinking: if this is what fine wine looks like, then I’m in. “Oh gosh!...
...Former Barclays boss Bob Diamond will be appointed chair of social media start-up Triller after financial services platform AGBA, of which he has been chair since September, agreed an all-share takeover...
...To his father he credits his work ethic and teaching him the mantra “sales up, expenses down”....
...And here’s what I’m keeping tabs on today and over the weekend: Economic data: The government releases monthly employment statistics for April and we also get services sector data for last month....
...The efforts that have drawn Tuckwell’s ire include the launch of the retail-focused WisdomTree Prime digital wallet service and the relatively weak debut of the manager’s spot bitcoin ETF in January....
...A dozen years ago, Bob Diamond and Rich Ricci stood at the pinnacle of British finance, serving respectively as chief executive and boss of corporate and investment banking at Barclays.Since leaving the...
...Peloton’s total revenue in the three months to March fell 4 per cent from a year ago to $717.7mn, while sales of its connected fitness products such as bikes and treadmills sank 14 per cent....
...However, its likely sale also marks something much bigger: the first major casualty of the streaming wars, according to the FT’s editorial board. And there could be more to come....
...BlackRock is not the only US company to step up security spending on its chief executive.Disney chief Bob Iger’s 2023 pay package included $1.2mn in costs for “security services and equipment”, the entertainment...
...The company now says profits and cash flow are sufficiently formidable to support debt service and capital expenditure without the need to raise fresh cash....
...Bob Diamond’s Atlas Mara has been accused of failing to pay what it owed to acquire a Zambian bank in a lawsuit against the former Barclays chief executive’s lender that opened on Wednesday in London’s High...
...Skydance and Apollo declined to comment, and Paramount did not immediately respond to a request for comment. *This story has been amended to clarify that Skydance and Paramount are engaged in talks....
...Last year, 80 per cent of exits were sales to corporate buyers ($271bn). The next most popular exit was sales to other PE firms ($62bn)....
...Labriola told the FT last year the network sale was a last resort to save the company, which burns through €3mn per day....
...Bets went sour, Hwang faced margin calls, and was forced to unwind some investments, while banks engaged in a fire sale to cover their losses....
...In a report on Thursday, Institutional Shareholder Services said that Peltz “could be additive to the succession process” once Disney chief executive Bob Iger steps down....
...During the past quarter services revenue — which includes the App Store, Apple TV and Apple Pay — was up 14 per cent to a record $23.9bn....
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