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...Despite that, he backed efforts to do a deal for all or part of Discover, codenamed “Diplomat”....
...“This has been a big theme this year in auto; everyone has had to step back from the euphoria”....
...Those deals, including loans to software maker Citrix, telecoms company Brightspeed and auto-parts maker Tenneco, have limited their ability to provide new debt....
...Capital One’s stock has since recovered, boosted in part by Warren Buffett’s Berkshire Hathaway taking an almost $1bn stake....
...“Part of this is regulators having Capital One solve a problem for them.”...
...Others say such pushback is inevitable whenever new regulation is proposed, and is part of the negotiation process....
...In 2012, Bill Ackman convinced 3G Capital to merge with Justice Holdings, a UK special purpose acquisition company, sponsored by the hedge fund manager, Martin Franklin and Nicolas Berggruen....
...President Franklin D Roosevelt enacted the NLRB in 1935 as part of a sweeping set of legislation amid a series of violent labour disputes....
...Backers, who also include Japan’s SoftBank and US private equity firm Tiger Global, will offload part of their stakes in the sale....
...The former president has attacked Biden over the strikes and tried to position himself as on the side of auto workers....
...The bank bought Frank as part of its Chase retail banking division with the aim of getting access to younger customers....
...Trump, on the other hand, accepted an invitation from the management of a non-union auto parts firm to appear at its factory....
...The top staff of Creative Artists Agency are in line to pocket more than $200mn as part of France’s billionaire Pinault family’s acquisition of the Hollywood talent agency, according to terms of the deal...
...The company was founded just six years ago, when the site of its auto factory two hours from Hanoi was swampland....
...The latest AI launches will allow users to input text queries and receive entire documents or emails generated by AI, and also allow them to create AI-generated images in slideshows and auto-generate tables...
...In those transactions, a pool of assets — such as mortgages, credit card receivables or auto loans — are packaged together, with the interest payments funding new slices of debt that are sold on to investors...
...Same thing with auto lending. The one shoe that hasn’t dropped yet are cap rates and debt yields on commercial real estate....
...Banks have been unable to sell debt from several marquee leveraged buyouts, including Elon Musk’s $44bn takeover of Twitter and Apollo’s $7.1bn purchase of auto parts maker Tenneco....
...Additional reporting by Joshua Franklin...
...Restructuring Winner: Mori Hamada & Matsumoto Originality: 8; Leadership: 8; Impact: 8; Total: 24The firm secured ¥430.1bn ($3.2bn) of debt forgiveness for Japanese auto parts maker Marelli using expedited...
...Wall Street lenders led by Citigroup and Bank of America have been forced to wire a $5.45bn cheque to private equity giant Apollo Global Management to fund its takeover of auto-parts maker Tenneco, cash...
....* Part of that activity, though, is coming from the completion of transactions which were announced last year....
...a US appeals court ruled in favour of Citigroup in its effort to claw back about $500mn of its own money that it wired to the cosmetics company’s lenders by mistake, DD’s Sujeet Indap and the FT’s Josh Franklin...
...Apple said its decision to go it alone was in part taken to avoid sharing personal data with third parties....
...For the most part, they didn’t always work very easily. With some of them, your head was tethered to a computer, things that were just awkward....
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