Hints and tips:
...It has now moved into telecoms, buying CK Hutchison’s cable business and Mexico’s KIO Networks in the past five years....
...“We don’t know when a recession will happen, but it’s just a matter of when not if, so we need to place some big bets now that the investment environment is benign,” the private equity executive said....
...Florence, now a tropical storm, has made landfall in North Carolina and authorities have warned of “catastrophic” flooding....
...Whether that’s true — or if Ghosn is guilty or not — remains unclear, but what’s now certain is that his plans to bring Renault and Nissan closer together shocked Japan into action thanks to new reporting...
...Companies that least deserve the benefit of the doubt in the long-running risk asset rally are now being reappraised. Even among those companies, the risk of impending default is mild....
...Mr Buffett and vice-chairman Charlie Munger will take questions for five hours in the CenturyLink Center....
...A decision on the buyer is expected in the next few months. Akzo Nobel’s specialty chemicals unit is also for sale, with a price expected at about €9bn....
...“You are supposed to roll up your sleeves and buy the names that you wished were 50 basis points higher in yield a month ago because you can get those now.”...
...such as Zayo could now come into focus in a consolidating market....
...Corvex now manages assets worth $6bn, and earlier this year took a 5.5 per cent stake in telecoms company CenturyLink. 40 North is a fund connected with Standard Industries, a private US roofing and waterproofing...
...“The time do these things are right now . . . when there is a level of uncertainty, not whenever things are known.”...
...Roger Altman, Evercore founder and executive chairman, says the conditions we see today are “most likely” to be in place six months from now, but cautions that financial markets are hard to predict....
...General Electric is expected to tap bond investors for its merger with Baker Hughes, while CenturyLink said it would take on $7bn of new debt to fund its purchase of Level 3 Communications....
...The Super Power Agency — which focuses on improving the literacy of children in Leith — is now launching....
...(Guardian) ‘Checking in’ to Standing Rock By now, depending on your Facebook filter, you may have seen a Facebook friend ‘checking in’ to Standing Rock, North Dakota....
...It is also changing its broadband strategy in the newest cities to join the programme....
...Now, the US telecoms industry is awaking from its slumber — prompted, in part, by Google Fiber, a superfast broadband network that is being built from scratch by the search group....
...JPMorgan stock lost 0.9 per cent to $54.83, and is now down 2.2 per cent in the past five days....
...Shares in telecoms group CenturyLink lost almost a quarter of their value in February when it cut its yearly payout by 26 per cent and lowered the shares’ yield to 5.8 per cent....
...Post, CenturyLink’s chief executive....
...About a quarter of the combined revenues will now come from these segments, whereas they make up just about 11 per cent of CenturyLink’s revenues at present....
...And he predicts that the latest bout of volatility will keep the pace of deals measured for now. Mark Shafir, Citigroup’s global head of M&A, says: “There is a dearth of mega-deals”....
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...A combination of cashflow and new debt will now be used to fund the investment. But the firm did make a concession to prudence by scrapping its 2008 dividend....
...CenturyTel’s share of the capitalised value of the synergies, meanwhile, is worth only about half that of the premium it has offered. Paying for growth is expensive....
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