Hints and tips:
...Apollo has instead sold the $500mn loan at par to the hedge fund Citadel’s Citadel Credit Master Fund, according to a person directly familiar with the matter and a court filing....
...The problems were replicated at J&J, which at one stage paused its EU rollout....
...At the Flying J truck stop, driver Alvin Perry, taking a break before continuing his journey to North Carolina, says he has been poached four times in two years....
...The Company has a smart growth strategy in place and we look forward to a partnership that supports the trucking industry for years to come.” Image via Pilot Flying J...
...Get in touch with the team: Due.Diligence@FT.com Buffett goes trucking Warren Buffett just did a classic Buffett deal....
...Moreover, railroad operators have also suffered as oil cargo shipments by rail have declined and as they have lost some business to the trucking industry this year....
...Mr Gorsky is betting that he can revive growth at J&J’s drugmaking unit by snapping up Actelion’s market-leading medicines for pulmonary arterial hypertension....
...J Scott Kirby, president of American Airlines is leaving to take up the same position at rival United Continental....
...Tesco and J Sainsbury slumped on Friday after investors were given the clearest signal yet that Asda is planning to launch a supermarket price war....
...J Lindeberg, the Swedish designer, has a golf range that is popular among players. Ralph Lauren and Hugo Boss offer golf lines....
...Following Starbucks’s acquisition of La Boulange, the bakery chain, Howard Schultz wants to put food on a par with coffee in the stores and so Federica came on board to help them execute the plan....
...The news that Justin King is a fan of The Clash – the greatest band in the world for a spell – signals the subliminal soundtrack to which the chief executive of J Sainsbury must surely ponder difficult choices...
...He said a year ago that Tesco’s performance in this area had been “below par”....
...Demanding year-on-year reductions in pricing of supplies had become par for the course among carmakers and supermarkets during a decade of benign inflationary conditions. But things have changed....
...LMC Automotive (formerly JD Power Automotive Forecasting) predicts that the US market for light vehicles will grow about 9 per cent, on a par with China’s, in 2012....
...In the UK, Mr Clarke is seeking to bolster the supermarket chain’s performance after it admitted trading was “below par” last year....
...He joined UBS as an associate analyst in February 2003, following airfreight, railroad, trucking, logistics and shipping stocks....
...The yields on J&Js bonds, which priced at a slight discount to par, were at a spread of 43bp and 68bp, respectively, for the 10 and 30-year tranches....
...Sent by Terrence J....
...CSX is now “on a par with or better than” other large US railroads, Mr Ward says....
...The trucking sector, widely viewed as a leading indicator of overall economic activity, has been hit by lower volumes, fierce price competition and a drive by many users, such as retail chains, to rationalise...
...Totemic UK hedge fund manager and activist investor par excellence, The Children’s Investment Fund Management, run by Christopher Hohn, has indeed posted its fourth consecutive year of double-digit growth...
...“Given the real risks that the economic growth will be sub-par for a sustained period of time, we have retained an investment posture that is tilted more toward opportunities in the credit markets than the...
...The late J.B. Hunt was one of his investing partners....
...However, since a low of less than 86 per cent of face value, or par, in Europe in February, average loan prices in Europe have since rallied to back above 90 per cent....
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