Hints and tips:
...Experts warn that a recovery could be elusive, the FT reports. Stadium subsidies America’s on the cusp of a surge in huge, expensive public stadiums....
...Dechert has hired Brian Miner as a partner in its corporate and securities practice group. He joins from Schulte Roth & Zabel, where he co-chaired its M&A and securities group....
...Investor demand for public corporate credit seems insatiable and private credit is the asset class of the moment....
...Linklaters has elected 27 new partners globally, with the majority falling within the law firm’s corporate division....
...Back in Taipei, Acer chairman Jason Chen is also looking for signs of a recovery, in this case in the PC market....
...Private equity firms that buy out companies are taking advantage of a recovery in global corporate bond and loan markets, after the Federal Reserve signalled that inflation had been sufficiently tamed for...
...A strong Chinese recovery could also challenge the recent performance dominance of US equities, either directly or indirectly via Japanese or European assets....
...The recovery in Google’s digital advertising operations, along with a solid performance in Microsoft’s cloud business at a time when many customers are looking to streamline spending because of economic...
...She is now in recovery. “Every single doctor I spoke with said, ‘You are so lucky to have caught it’ because it goes gallbladder, liver, lungs, like that....
...for stockholders in the history of the Court of Chancery” of Delaware, the US state where most corporate disputes are litigated....
...US stocks are up more than 75 per cent since their low in March, while spreads on corporate debt — a measure of how much extra interest corporate borrowers have to pay compared with the US government — returned...
...They expect corporate travel spending will recover to about 70 per cent of pre-pandemic levels by 2023....
...The corporate travel arranger was spun off into a joint venture in 2014 by American Express, which retains a 50 per cent stake....
...It is also the case that search advertising has been perfectly positioned as more retailers have turned online to juice their sales, and industries such as travel have looked ahead to a recovery....
...The SoftBank-backed investment group Fortress has laid a $3.5bn bet on the role of golf and hotels in Japan’s post-Covid recovery after sealing a deal that the world’s biggest private equity firms shunned...
...“Europe had a much worse crash than the US, and its recovery is much slower than the US,” he said....
...Earnings announced by Apple, Alphabet and Microsoft on Tuesday showed that demand for digital services and gadgets has continued to soar, making tech the biggest beneficiaries of this year’s gradual recovery...
...Ruth Porat, chief financial officer, said the rebound was reminiscent of the sharp recovery after the 2008 financial crisis....
...We bought good companies and helped them sustain themselves, and then whenever the economic recovery occurred, we would be successful.”...
...Welcome to Due Diligence, your briefing on dealmaking, private equity and corporate finance from the Financial Times. Want to receive DD in your inbox? Sign up here....
...By 2011 and with the economy in recovery, there were no longer any bargains in mortgage-backed securities....
...Some of the highlights include Bill Ackman’s bet on corporate credit, which saw Pershing Square reap $2.6bn — one of the most successful trades of the year....
...In its circular to shareholders, Cineworld argued that it needed to “retain and motivate our highly regarded leadership team through the next phase of the company’s recovery and beyond” and said it had consulted...
...Along with a 3 per cent rally in earlier trading, the surprise recovery added more than $100bn to Alphabet’s stock market value on the day....
...“If the economic recovery slows down, or we have a second wave [of infections], then markets are vulnerable.”...
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