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Apollo Global Management LLC
Apollo sells stake in asset-backed lending unit to insurer MassMutual
...The business was viewed as one of the bank’s most successful units, but took up too much capital and was jettisoned as part of a final restructuring plan....
April 24, 2024
Inside BusinessSujeet Indap
Delaware, Inc agonises about Musk backlash as its lawyers seek changes
...On Thursday, March 28, a group of powerful Delaware lawyers put in motion a plan to make a series of changes to the state’s eminent corporate code, known as the Delaware General Corporation Law....
April 23, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Letter
Letter: Exemplary ruthlessness was the making of a poet
...Killian O’Donnell Cashel, County Galway, Ireland...
March 1, 2024
HTSI
10 lipsticks for loud mouths
...Layer it with a coat of Ffrench’s Rust lip serum, for extra orange power....
April 25, 2024
ReviewFiction
Tommy Orange’s Wandering Stars — a polyphonic saga of Native American experience
...(“We spent three years in a prison-castle as prisoners of war,” he remembers.)...
March 21, 2024
Letter
Letter: Kindness, an ethical norm
...But it can be encouraged as an ethical norm. In the words of the pragmatist philosopher, Richard Rorty, we should work towards “the elaboration of possibility, not legislation of constraint”....
May 3, 2024
FT Live
Managing Operational Risk in M&A Transactions
Examining the value of business licensing and property tax in the deal cycle
Thursday, 20 JuneDigital Conference
HSBC Holdings PLC
HSBC to take $1bn hit on sale of Argentina unit
...The UK-based lender will book a $1bn hit to its pre-tax earnings in the first quarter of 2024 as a result of the sale, the latest in a series of moves to sell off parts of its operations....
April 9, 2024
LexWalt Disney Co
Disney’s streaming success could point to next chief Premium content
...But they can take credit for entertainment cost cuts that helped the streaming unit to post an operating loss of $18mn in the first three months of the year....
May 8, 2024
Interiors
My orange sofa, once the life of the party, is now an unwelcome guest
...“Just as a song needs quiet parts, a room needs negative space,” is one of her mantras....
April 26, 2024
ReviewTheatre
Uncle Vanya, Orange Tree Theatre review — Trevor Nunn’s staging is painful and powerful
...But a gleaming one sits centre stage in Trevor Nunn’s new production (at the Orange Tree Theatre, Richmond upon Thames), glowing proudly as if to reassure audiences that this Chekhov will be safely contained...
March 13, 2024
Letter
Letter: China, Ireland and the state company economy
...The Irish state invested in state companies; for example in Érin Foods which was a food processing company under Lt General Michael J Costello. Micheál O’CathailDún Laoghaire, County Dublin, Ireland...
May 6, 2024
News updates from February 29: US PCE inflation falls to 2.4%, Putin warns of wider conflict over Ukraine
Alibaba launches sweeping price cuts to cloud unit as growth slows
...Alibaba’s cloud division has launched another sweeping price cut for cloud computing as the group attempts to restore faltering growth in a key business unit....
February 29, 2024
Letter
Letter: Advanced extraterrestrials find Voyager 1. Just imagine
...Rather than viewing Voyager 1, which Nasa now says it has revived, as a relic of a bygone civilisation — the spacecraft was launched in the 1970s — we should think of this analogue-oriented craft...
April 30, 2024
News updates from April 9: OpenAI and Meta ready new AI models; EU launches probe into Chinese wind turbine companies
HSBC to take $1bn earnings loss with sale of Argentina unit
...HSBC has agreed to sell its Argentina unit to Grupo Financiero Galicia for $550mn, a move that will trigger a $1bn loss in its earnings for the first quarter of this year....
April 9, 2024
Letter
Letter: Family never got the best cuts in our butcher’s shop
...My paternal grandfather was a butcher — not a “victualler” — in the 1960s and early 1970s in Bundoran, County Donegal (population circa 2,000). He eschewed what he called a “sanitised label”....
March 29, 2024
FT Live
The Impact Of Gen AI On The Legal Sector
How are law firms leveraging technology to transform services and operations?
Tuesday, 11 JuneDigital Conference
Due Diligence
Private equity pitches a $1.6tn pot of gold in Norway Premium content
...It was a unit that was seen as a dependable business to deploy the company’s massive and growing cash pile. But that may no longer be the case....
March 6, 2024
Letter
Letter: Recessions do not rest on the shoulders of one man
...It is equally reductionist and unfair to call it “Rishi’s recession” as Labour does, as recessions are like valleys — it is a necessary part of the lows and highs of any economy....
February 21, 2024
News updates from April 3: Iger defeats Peltz in Disney proxy war; Eurozone inflation falls to 2.4%
Intel hits 5-month low on disclosure of $7bn loss for chipmaking unit
...The foundry’s operating losses were expected to peak this year, with the unit aiming to achieve break-even operating margins midway between now and the end of 2030, said Intel in a statement....
April 3, 2024
UK financial regulation
UK accounting watchdog warns he is ‘sheriff for only half the county’
...Establishing Arga was regarded as a key part of the government’s attempt to reform Britain’s audit industry after a series of high-profile corporate failures, such as outsourcer Carillion, retailer BHS and...
March 26, 2024
Elon Musk
Elon Musk shifts Neuralink’s incorporation to Nevada
...As well as Neuralink — which Musk recently claimed had successfully implanted an electrode into a human brain for the first time — a number of his other ventures are also incorporated in Nevada....
February 9, 2024
Chinese military
Xi Jinping tightens grip on China’s military with new information warfare unit
...But experts on the Chinese military said that leaders had unwound that structure as a result of an incident last year in which a Chinese surveillance balloon was shot down by the US, as well as corruption...
April 19, 2024
Food & Drink
Vegan chocolate chip cookies — a Honey & Co recipe
...Place cookies as you plan to eat on a flat baking tray with enough space between them as they spread a fair bit....
May 8, 2024
Letter
Letter: If only politicians grasped public mood on migrants
...The hostile anti-immigration discourse that has become common is, as you point out, completely divorced from the reality of our economic and social needs....
May 7, 2024
IPOs
TP ICAP separates data unit following investor pressure
...The data unit, Parameta Solutions, was registered in February as a standalone company as TP ICAP prepared a possible sale or listing of it, said two people with knowledge of the matter....
March 9, 2024
Microsoft Corp
Microsoft hires DeepMind co-founder Mustafa Suleyman to run new consumer AI unit
...Nadella said in a statement on Tuesday: “I’ve known Mustafa for several years and have greatly admired him as a founder of both DeepMind and Inflection, and as a visionary, product maker and builder of pioneering...
March 19, 2024

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