Hints and tips:
...Richard Chamberlain, an analyst with RBC Capital Markets, said the purchase would increase JD’s presence in the US market, but “the concern now is that JD is somewhat substituting organic growth with M&A...
...Evercore was initially set up like Blackstone, to advise on M&A and execute private equity buyouts. The LBO investing business was an expensive bust. But the M&A group proved more promising....
...Sonja Hutson I’m Sonja Hutson and here’s the news you need to start your day....
...“I have some other questions right now, I’m sorry,” Sanders responded. Schultz also defended attacks on his net worth, which stands at $3.7bn, according to Forbes....
...“Planners can’t build houses,” says Michael Kiely, chair of the Planning Officers Society, a professional body. “We’ve done our job — a significant amount of applications are granted.”...
...With a family foundation to get back to, “I’m off to the sunset.” Schultz’s failed political career still looms large....
...“I like to think I’m a yes person: I’m like, ‘Yeah, of course we can do that,’” he says....
...Britt Harris, who will step down as chief executive of Utimco, the $68bn University of Texas and Texas A&M endowment system, at the end of this month, said: “You have to move out of the way for the next...
...“I’m concerned about more fights, more contests, that’s a distraction,” he said....
...Job moves Former Starbucks chief Howard Schultz is stepping down from the coffee chain’s board....
...I’m indebted to them, both for giving us a place to stay, but also for their suggestion that we try to get rush tickets at the New York Philharmonic....
...Here’s what else I’m watching today: Economic data: The US releases gross domestic product figures for the fourth quarter of 2022....
...“I’m surprised they’ve held on to the UK business for as long as this,” said Setyan, pointing out that the majority of its stores in the Emea region are licensed and not company-operated....
...Companies The long tail of the earnings season snakes along this week, but we’ll also see corporate news from Capitol Hill as Starbucks founder — and until recently acting chief executive — Howard Schultz...
...Read more on the slowdown in M&A here....
...Here’s what else I’m watching today: Silicon Valley Bank hearings: US regulators face a second day of questioning by lawmakers into the collapse of SVB, having been accused of being ‘asleep at the wheel...
...Marc Filippino I’m Marc Filippino and here’s the news you need to start your day. [MUSIC PLAYING] The US has been threatening to ban TikTok for a while now....
...Why can't we talk about what I'm doing now?...
...“I kind of realised that I’m putting in all of this work and this is a multibillion-dollar company and I’m just making it by. Why is that the case? I can do something about that....
...[MUSIC PLAYING] I’m Michela Tindera from the Financial Times....
...Marc FilippinoI’m Marc Filippino and here’s the news you need to start your day. [MUSIC PLAYING] Sam Bankman-Fried went before a magistrate judge in New York yesterday....
...Smart reads Highly caffeinated Howard Schultz is back for a third shift as Starbucks’ CEO....
...“They all, I’m sure, abhor this war — even if they do not dare say so in their messages to me.”...
...Former Starbucks CEO Howard Schultz, a longtime client, said: “She’s an extraordinary attorney . . .[The lockstep decision] demonstrates her bravery as a leader . . ....
...Nothing could persuade me better that, in the words of the botanist Jack Schultz, “plants are just very slow animals”....
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