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...About two-thirds of American companies are incorporated in Delaware, attracted to the small, mid-Atlantic state by its sophisticated legal system....
...KKR was also holding talks with large corporations and other private equity buyers about potential asset sales, they said....
...Canada’s Brookfield Asset Management also studied a bid but decided not to move forward, said two people briefed on the matter....
...Of the 470 public companies in the Fortune 500, 328 make their corporate home in the small, mid-Atlantic state best known for President Joe Biden and chemicals group DuPont, drawn in part to its stable and...
...Others question whether it is Abrdn’s management that is itself the problem....
...Sterling fell 0.3 per cent to trade at $1.2333, its weakest level since mid-November....
...Apple has also come under intense pressure from regulators on both sides of the Atlantic. The US Department of Justice brought an antitrust lawsuit against the tech group in March....
...It is a troubled mid-cap, with a market value of £971mn and negative free cash flow. Its problems are of its own making....
...US unions have a long history of confronting corporations on pay and working conditions, threatening strikes to extract what they want from management....
...New York hedge fund Elliott Management is best known for hardball tactics that have seen it take on governments and large corporations....
...When it bought the remainder of insurer Global Atlantic in November, KKR said the unit’s assets under management had risen in the time it has served as asset manager from $72bn in 2020 to $158bn in 2023....
...But the data indicated that the banks on the list were either small or mid-sized lenders....
...Legal & General Investment Management, for example, has already disclosed its votes for the first three months of 2024....
...Former Merck & Co chief executive Kenneth Frazier and KKR co-chief executive Joseph Bae will join the Harvard Corporation. Goldman Sachs is shuffling its powerful management committee....
...Brian Becker, managing partner at RSM US, said the firm had ruled out becoming an employee-owned corporation, like BDO, or taking an investment from private equity, as other US accounting firms have done...
...Private equity group General Atlantic has hired Chris Kojima as global head of capital solutions based in New York. Kojima will also join the firm’s executive committee....
...Biweekly trials of the new one-day settlement regime were begun in mid-August by the US Depository Trust and Clearing Corporation, which handles clearing and settlement for nearly all US equities and bonds...
...The firm has offered mid-level staff nine months’ pay while they look for another job, but they’re also simply laying people off — up to 400 jobs were axed this month....
...“To be honest it is not something we as management spend much time on right now; it is a question for shareholders,” he said....
...Apple is also feeling the heat on the other side of the Atlantic....
...One good read How The Atlantic turned things around....
...Now, that model is spreading — and becoming even more convoluted, The Atlantic reveals....
...The chain’s US sales have also lagged since mid-November, driven in part by “misperceptions” about its position on the conflict, he added....
...At the other end of the fund management spectrum sits Abrdn. “Stitching together Standard Life and Aberdeen Asset Management in 2017” created a Frankenstein’s monster....
...The average maturity of money market funds in mid-December was 36 days, according to Crane Data....
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