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...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....
...Since 1964, Berkshire shares have returned 4.4mn per cent, far outstripping the 31,233 per cent gain by the benchmark S&P 500....
...Additional reporting by George Russell in Hong Kong and Harriet Clarfelt in New York Letter in response to this article: It’s no surprise that ESG investment ratings unravel / From J Richard Finlay, Founder...
...One of the new cases naming Kenvue was filed on behalf of Justin and Kathryn Bergeron, a husband and wife who live in Louisiana....
...By contrast J&J, which gets 84 per cent of its revenue from pharma and medical device sales, trades at about 18 times. J&J would keep at least 80.1 per cent of the voting shares after the spin-off....
...Louisiana, Utah, and South Carolina are among those that are pulling money from the fund manager. Texas, among others, have threatened to do the same....
...Hopson, who is from Louisiana, wants his case heard before a jury....
...Contentious votes are due at three other S&P 500 companies before the end of this month....
...(Patrick Temple-West) Record year for climate pressure on Japan Inc It has been a historic year for environmental activism at Japan Inc....
...After more than 200 basis points (bps) of year-to-date spread widening, the yield on the J.P. Morgan Corporate Emerging Markets Bond Index (CEMBI) Broad Diversified High Yield Index is now 10.3%....
...ESPN’s subscribers have dropped from 88m to 77m from 2017 to 2021, according to S&P Global....
...$41.1m, according to S&P Capital IQ....
...Merck sold its consumer products division to P&G in 2018. A year later GSK and Pfizer formed a joint venture from their consumer products divisions, which they plan to spin off next year....
...Berkshire shares, by contrast, have rallied 18 per cent this year, far outpacing the S&P 500. In 2021, they gained nearly 30 per cent....
...Cox Chairman & Chief Executive, Matson Inc Thomas B Crowley Owner & Chief Executive, Crowley Maritime Eli Glickman President & Chief Executive, ZIM Integrated Shipping Services Eric Hsieh Chief Executive...
...US stock futures recovered some of their earlier losses following the update, leaving S&P 500 futures down 0.9 per cent....
...Its borrowings are rated “highly speculative” by S&P. However, EG is not bidding for Asda. The Issas are the bidders, with long-term private-equity backer TDR....
...Similar fights between private equity firms and hedge fund creditors have played out at companies such as J Crew and Neiman Marcus....
...Shares were boosted in early New York trading by almost 4 per cent to $145.42 on the news, exceeding the rise in the S&P 500.For the three months to March 31, the company reported adjusted earnings per share...
...In retail, it is hard to imagine that many big brands won’t follow J Crew into bankruptcy....
...J Stern manages money for the Stern family, which has held Berkshire shares for decades, as well other investors....
...Macy’s balance sheet has long been in better shape than more distressed rivals, although the department store chain lost its investment grade rating from S&P Global last month and was cut further into junk...
...Like-for-like sales at the company have declined in 11 of the past 16 quarters, according to S&P Capital IQ data....
...Deleverage was sizeable, with net debt falling to £1.2bn (inc deeply subordinated bonds, pre IFRS16), or down £343m YoY....
...Last year, global importers received 346m tonnes of LNG — gas condensed to a liquid so it can be loaded on to tankers — according to S&P Global Platts....
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