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...Have a great week, Helen ThomasHead of Lex...
...When VMware was spun off from Dell Technologies in 2021, it then paid its former parent company a special dividend of more than $9bn that was used to repay the large debts Dell and Silver Lake had accumulated...
...For Michael Dell and Silver Lake’s Egon Durban, the stakes were arguably even greater....
...“It’s great for Jane,” the banker added. Citi’s banking division reported revenues of $4.6bn for 2023, down 15 per cent from a year earlier....
...Rwanda is known as Destination Great Apes; it has the chimpanzees in Nyungwe, and the gorillas in Volcanoes National Park....
...Two decades ago the US produced about 7mn barrels a day of petroleum and consumed 21mn....
...We’re being disciplined, and I think this year is a great testament to that....
...In 2016, Silver Lake and Emanuel bought a controlling interest in UFC at a $4bn valuation. They took the renamed company Endeavor public in 2021, but its stock has stagnated on public markets....
...Berkshire did not disclose any new investments in the fourth quarter of 2023, although it increased its holdings in satellite radio operator SiriusXM and in oil majors Chevron and Occidental Petroleum....
...“Even though we have made and we are making great films, we want to make them better,” said Ted Sarandos, co-chief executive. He added that he saw no need to spend more money on content....
...Do also read the great John Plender’s essay on the overlooked threats to the global financial system....
...“All of these: Lake Charles, Port Arthur, Freeport, Corpus Christi, Brownsville.”...
...Lego is fundamentally a product that is petroleum-based. I mean, ABS plastic has a core element of petroleum. Their entire product is based on oil....
...If you want a change of scene, the hotel boat, moored just outside, can whizz you down the river and across the lake to the group’s other waterside hotel, the Alex — a great spot for a sunny weekend brunch...
...The scale of the profits on one of those came to light this year — the move to take Dell Technologies private and then subsequently buy and sell VMware, a cloud computing company, by Silver Lake Partners...
...Anyway, on a separate issue, you’ve got to tell your Abrdn CEO to stop using words like futurist to describe himself or his strategy for the company....
...The US’s Vail Resorts took over Andermatt’s lift company in 2022, bringing a wave of new American visitors....
...For this reason, Silver Lake may ultimately decide to sell some of the company’s assets, he said....
...Boeing, another company in which financial engineering has replaced the real kind, is a timely case in point....
...Paired with the Apollo-clad Cantlay this week is his amateur playing partner, Egon Durban, the Silver Lake co-chief executive....
...(Ethan Wu) One good read The post-Dalio Bridgewater turnaround isn’t going great....
...Almost nothing makes a human happier than taking the lines of cocaine away from these short sellers, who are going short on a truly great American company — not just ours — they just love pulling down great...
...For them, going all-in on robotaxis may sound great for the 2030-something forecasts, and an earnings tape-bomb is just a speed bump....
...Trusfort’s website says it is “deeply carrying out the [Communist] party and government’s efforts to build a powerful cyber nation” and that it has “demonstrated great responsibility and achievement in advancing...
...and deserving of a great many caveats....
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