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Accounting firm recently agreed to sell a majority stake to New Mountain Capital
...Apollo’s accounts receivable department never knowingly, or as a matter of practice, improperly billed any Apollo-managed funds for expenses that should have been accounted for as management company expenses...
...For instance, the company said in 2021 that there were 1.5mn Swedish businesses in its total addressable market, far higher than the roughly 800,000 companies the firm said comprised its “relevant market...
Deal follows move by Swiss bank to renegotiate terms of original sale of a business owned by Credit Suisse
...Tech companies pushed back on Monday against suggestions of wrongdoing....
...Beijing is developing nationwide rules to clarify which companies will be liable in the case of an accident....
...If found guilty, companies face fines of up to 10 per cent of global turnover....
...Ted Baker, known for its unusual prints and more formal clothes, started life in 1987 in Glasgow and became a public company in 1997....
...On the pitch, the company’s TacticAI system reflects both the possibilities and current limitations of intensive efforts to use AI to gain a sporting edge beyond that offered by existing data analysis methods...
...It dismissed a proposal by the two companies to divest several hundred stores as “inadequate”....
...The panellists in Miami offered a range of tips on how to avoid history repeating itself — among them, not allowing majority-owned or controlled companies the same covenant flexibility as public companies...
...Companies in the throes of a cyclical slump make the choicest morsels of all....
...Most of that time period, those companies also paid dividends....
...In ISS’s report on the bank’s AGM, sent to shareholders on Friday and seen by the Financial Times, the proxy adviser recommends investors vote against the company’s new remuneration plan over concerns about...
...In order to reduce errors and biases in generative models, companies use a process called “fine-tuning”....
Big-name managers post double-digit returns as costs of talent war weigh on some smaller players
...That performance has continued into this year: the S&P 500 index of leading shares hit an all-time high on Friday, driven by strong gains for the largest technology companies....
...Cannae owns stakes of varying sizes in mostly public companies, notably Dun & Bradstreet. One company, software maker Alight, is facing an activist campaign from Jana rival, Starboard Value....
...To some extent, this reflects special pleading by the tech companies....
Culture secretary ‘minded to refer’ deal involving British media group to Competition and Markets Authority
...Illumina said the company agreed “with the advocate general that the European Commission’s assertion of jurisdiction over this merger was improper”. Illumina bought Grail in 2021....
...These companies may be simply rent seekers. Or they are enabling secure electronic transactions at light speed around the globe....
...TPG sold a controlling stake in the talent agency CAA to Artémis, the holding company of the Pinault family, at a $7bn valuation....
...Boeing, as I have noted before, is a blessed company: it is half of a duopoly in its core market, it has high barriers to entry and it is a strategically important company for the US....
...The EU has agreed an AI Act, which will impose new burdens on tech companies building AI models....
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