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...In early March a PAG spokesperson said it was “definitely incorrect” to say it had raised $3bn, adding: “We can’t give a number as yet because the fund hasn’t closed.”...
...In normal times Bilson’s company deals with about 3,000 vendors to supply props — but he is doing business with none of them now....
...After a year, he could take it no longer and left. “At the time, people were leaving every week. They use non-competes as a deterrent....
...Despite the company’s misfortunes, analysts agree that Reckitt is at its core a strong business, with successful brands in a desirable category....
...The fundamental bargain of M&A seems pretty simple. At the closing of a deal, the buyer pays the seller, and gets a business in return....
...Samsung C&T’s management, which is offering half the dividend payout that minority shareholders were calling for, has described the activist demands as “excessive”, arguing they would constrain the company...
...For investors who believe the claims are without merit, there is a desire to refocus on GSK’s business....
...The No China in Index Funds Act is one of four proposed measures unveiled by California Democrat Sherman and Victoria Spartz, a Republican congresswoman from Indiana....
...He added: “If I was a BHP shareholder and I was still capable of doing a cartwheel I’d do two if I got it at this price.”...
...“I don’t think people realise BYD’s greater ambition is to be an energy ecosystem company,” says Bridget McCarthy, the head of China operations at Snow Bull Capital, a Shenzhen-based hedge fund invested...
...Just two years ago Buffett had described the business as one of the company’s “four giants”....
...Some are active businesses, but some sit dormant as mere shell entities doing no business whatsoever....
...In doing so, the world’s largest music company is making an implicit bet: the next superstar could emerge far away from its California headquarters. anna.nicolaou@ft.com...
...“I don’t know how the regulators will see this, but I label [the company] as a global operation,” he said. Additional reporting by William Langley in Hong Kong...
...Of course, the regulatory shift won’t automatically bring a big boost to impact investment by insurance companies....
...Suarez has also faced scrutiny for his jobs outside the mayorship, such as accepting $10,000 a month in consulting fees from a property developer doing business in Miami, which he denies has presented any...
...“The economy is doing badly, and that necessarily means that the PLA doesn’t have a blank cheque,” said Lyle Morris, a senior fellow at the Asia Society Policy Institute’s Center for China Analysis and a...
...The writer is the author of ‘Chip War’, a professor at the Fletcher School, a nonresident senior fellow at the American Enterprise Institute and a partner at Greenmantle On a recent quarterly earnings call...
...The exodus from London hasn’t been as big as companies initially warned it would be, but it still hurts the city’s reputation as a global financial hub....
...But that story only holds if you believe two things — AI will transform everything (I’m not so sure about that, as per my column), and Big Tech business models won’t be disrupted....
...Global Child Forum found that, while 87 per cent of companies had a child labour policy aimed at preventing exploitation, only 49 per cent used audits or supplier assessments to verify their implementation...
...She is the former chief executive of the Aerospace Corporation. Apple also said that Al Gore and James Bell would retire from the board this year....
...It doesn’t seem worth the state subsidising that. For any political party eager to torch a reputation for being business friendly, profit-sharing schemes are an option....
...They added that during an “introductory chat”, Tang said he “didn’t like what the [Securities and Exchange Commission] was doing in the US” and that he was looking at a possible listing in London....
...Apple is astoundingly worth nearly 10 times as much as it was in 2015. It wasn’t that long ago that it felt frivolous to speculate about whether a tech company would ever be worth $1tn....
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