Hints and tips:
...According to S&P Global, in the first nine months of 2023 global private equity investments had an aggregate value of $365.3bn, a decline of 44 per cent year over year....
...About 21 per cent of retail and restaurant companies are now on S&P’s “distressed” list, making it the most distressed US sector. Telecommunications was second, with 15.5 per cent....
...The transition will also require “significant capital expenditure upfront”, S&P claims....
...as well as its investment in the Alon development site in Las Vegas, its 20 per cent holding in restaurant chain Nobu, its 50 per cent holding in Aspers casino and its investment in Caesars....
...By close the S&P 500 rose 0.3 per cent to 1,992.37, while the Dow Jones Industrial Average gained 0.4 per cent to 17,039.49. The Nasdaq Composite added 0.1 per cent to 4,532.10....
...Consider definedcontribution retirement plans like 401(k)s....
...Apple shares are taking it in their stride thus far, holding at just under $633 at pixel time. More detail and some background from Bloomberg is here....
...Interest has been expressed by LVMH, the Malaysian government’s investment fund Khazanah Nasional Berhad, Qatar Holding LLC and China’s HNA Group, but no deal has yet been sealed....
...Dresser is majority owned by funds managed by Riverstone Holdings LLC and First Reserve Corp. GE said the acquisition should contribute to its earnings next year....
...Never a big spender, he immediately rushed to his local Benihana, the chain of Japanese restaurants....
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