Hints and tips:
...Basically, another angry reflection of how important rising wages are to Abenomics’ success and how irritated Abe et al are at those big companies refusing to part with the extra yen Abenomics has brought...
...An old fashioned tussle is good theatre, but Mr Ackman et al are company directors, not actors. Their public spat is doing JC Penney no favours at all. Email the Lex team in confidence at lex@ft.com...
...Mr Gilauri et al have normal contracts with the UK-based holding company. This two-tier system may just about satisfy the letter of the UK’s Corporate Governance Code....
...and Caterpillar....
...Abrahamson et al find evidence that “strategic pricing” (implicit collusion) is as strong as ever in the US IPO market....
...Construction equipment maker Caterpillar declined 2.5 per cent to $59.27 after it said its Progress Rail Services unit would buy Electro-Motive Diesel for $820m in cash from Berkshire Partners and Greenbriar...
...Had the central bank allowed the failure of Long Term Capital Management to run its course, Lehman, Bear Stearns, et al would still be here....
...Louis, which in April re-opened a case against Ameriprise Financial’s RiverSource funds that was rejected by a lower court. The case, Gallus et al. v....
...The Court has stayed all but the first-filed ERISA class action case (entitled Alvidres v. Countrywide Financial Corp., et al.)....
...*Hedge Fund Activism, Corporate Governance, and Firm Performance (2006), Brav et al...
...And this time it’s RBS et al on the back foot....
...RBS et al are willing to pay €39 per share, but they want the sale of LaSalle to Bank of America called off. - In further ‘toys out of prams’ news, JPMorgan Chase is threatening to move thousands of employees...
...Overall, it was a strong day for equity markets, helped by a robust performance from the financial services sector. The S&P 500 financial services index rose almost 2 per cent....
...He bought a stake in Citigroup in 1991 at a time when the US financial services group was struggling. His 4 per cent holding is now worth about $10bn....
...Deutsche Bank, Morgan Stanley, The National Investor and Deutsche Bank Al Azzia Financial Services have been appointed joint lead managers....
International Edition