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...US buyout firm Clayton, Dubilier & Rice has hired former Tesco boss Sir Dave Lewis as an operating adviser as it seeks to bolster its consumer and retail team so it can explore new investments....
...CD&R and BC Partners declined to comment....
...To be evaluated, companies must submit their products’ complete R&D documentation and code....
...In the last fiscal year, Apple spent twice as much buying back its own shares as it did on R&D....
...The company reckons that AI can make tackling US tax returns — with its W-2s, 1098s and other obscurely coded documents — easier. It has rolled out an AI assistant across its core products....
...Both companies are owned by US buyout firm Clayton, Dubilier & Rice....
...In the last quarter, US chip designer Nvidia revealed that revenue from its automotive business fell 4 per cent year over year. In some regards, Apple had the right idea....
...As such, it is not cheap: in the US, it costs $300,000 per patient, per year....
...Spending on R&D reached nearly 8 per cent of revenue last year, up from just over 2 per cent a decade ago....
...To date, no spoofing case outside those brought by the US prosecutors or regulators has prevailed....
...As the US IPO market stutters back to life, Reddit has renewed plans to list. The penalty for waiting is an expected $5bn valuation, half the value at which it raised funds in 2021....
...CD&R declined to comment....
...Please tell us what you think of Apple’s numbers in the comments section below...
...For 12 years until 2011, the firm — then known as RSM McGladrey — was part of the publicly listed tax preparer H&R Block. “It made us into a national firm, which was great....
...Leading US chip developers Nvidia and Marvell are also expanding their engineering teams in the country....
...His sister Ida R Cummings wears the eyeglasses, pearls and severe hair-do appropriate for the city’s first Black kindergarten teacher....
...If you’ve got a candidate, email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...“We have confidence in the Tesla team’s ability to spend capex and R&D efficiently in projects that can derive high-growth/positive economic returns,” said Morgan Stanley’s Jonas. “However . . ....
...After getting into the chip production business, the company is now moving upstream, building a massive semiconductor equipment R&D centre in western Shanghai, Nikkei Asia’s Cheng Ting-Fang writes....
...That was equal to more than a fifth of advertising revenue and was more than the company paid for R&D....
...And David R Jones, the judge overseeing the bankruptcy cases of Diebold Nixdorf and Venator Materials happened to be well known to Freeman too: she was living in a house with Jones as his romantic partner...
...R&D spend has doubled since 2020, reaching $3bn in 2022. It has dipped as a percentage of revenue since Tesla started keeping a closer eye on spending....
.../ From E R Yescombe, YCL Consulting, London N10, UK...
...The Israeli-founded company, last valued at $1.5bn, has filed for an initial public offering in the US....
...We’re not going to mention Amazon blowing $1bn on Rings of Power, because some of us actually quite liked it (ducks)....
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