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...Sing, Muse, of a nasty piece of work. “The face that launched a thousand ships,” wrote Marlowe — not to praise Helen of Troy’s beauty, but condemn it as the mask of a succubus....
...West Texas Intermediate shed 0.2 per cent to $85.51 a barrel. Gold, a haven asset, gained 0.5 per cent to $2,356.09 a troy ounce....
...It is undisputed that the only possible connection between the Debtors and the Southern District of Texas before the filing of these cases were two economically insignificant transactions . . . . the rental...
...for large corporations thanks in part to a transparent corporate law regime, years of legal precedent and a community of lawyers....
...A spokeswoman for the PSF confirmed that some of its holdings were in MGETS, which she noted was not on Hegar’s blacklist. “Texas PSF Corporation is in full compliance with all state laws,” she said....
...The price of gold, a haven asset, rose 1.7 per cent to $2,382 a troy ounce, setting a new record. Allies including US President Joe Biden have urged Israel to take a measured approach in its response....
...“We should be thinking much more about the system,” says Helen Miller of the Institute for Fiscal Studies....
...US marker West Texas Intermediate shed 1.4 per cent to $73.07. The price of gold fell 2.2 per cent after hitting a record high of $2,135.40 a troy ounce earlier in the day....
...helen.thomas@ft.com...
...A hard-to-replicate combination of decades of legal precedent and an established legal community make the state attractive to corporations....
...The mythological Helen of Troy maligns herself with this odd turn of phrase in Emily Wilson’s new translation of Homer’s Iliad....
...Investors sought safety and bought the haven asset, which rose 1.1 per cent to $2005.39 per troy ounce, its highest level since May....
...It has its own $60bn, all-stock deal for Pioneer Natural Resources in Texas. Acquiring the Hess portion of Stabroek would involve, among other things, paying off Hess’s capital gain taxes....
...“Even as prices have come down on important items like a gallon of milk and a dozen eggs, some corporations aren’t passing those savings on to consumers,” Lael Brainard, director of the White House’s National...
...In late 2022, after it was placed on a list of financial firms boycotting fossil fuel companies in Texas, BlackRock said it had invested more than $100bn in Texas energy companies, notably ExxonMobil....
...While chatting about Davos, deals and the Dow Jones, he described the past few months of rising asset prices as a mere “window” of opportunity for corporations....
...But that’s not the only reason corporations love it. It’s also because of how long it’s been in operation....
...Bullion rallied as much as 2 per cent to $2,111 per troy ounce this morning, a fresh all-time high, before slipping to $2,064 per troy ounce, according to Refinitiv data....
...As of this writing, a Texas judge is still considering the case, but the ramifications are clear: shareholder petitions at annual meetings have grown from an annoyance to a threat worthy of a court battle...
...their indulgences, humour and membership of the in-crowd without guilt as these are independent bakeries [not corporations]”....
...Lawyers say both rules are likely to trigger imminent challenges from corporations and Republican states that will argue the rulemaking exceeds the federal government’s constitutional powers — and expect...
...Penni Roll, chief financial officer of Ares Management’s credit group and Ares Capital Corporation, is stepping down and will remain on as a senior leader....
...Part of the reason for the profit drop was last year’s banking turmoil — the Federal Deposit Insurance Corporation imposed a one-time charge on many US banks in order to pay for losses, which the FDIC’s...
...However, the BRC warned of price pressures building again next year because of the rise in the corporation tax rate and the national living wage....
...“What Exxon is trying to do here is to really try to fundamentally shift the balance of corporate power between corporations and their investors by making investors think twice about exercising their rights...
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