Hints and tips:
...The PC industry has been in a downturn for two years and has yet to show a robust recovery despite the recent buzz about AI-powered PCs....
...American Express Global Business Travel has agreed to buy rival CWT for $570mn in a bet on the continued recovery of business travel....
...Because TMTG has become relatively expensive to short, or bet against, “brokers have a significant financial incentive to lend non-existent shares”, Nunes said....
...“The big question for us is: do we go [with] one line of business or do we try and drop this capability across multiple lines of business — which I think is our preference,” she added....
...The list of borrowers shifting from private to public debt markets includes Veritas-backed energy consultancy Wood Mackenzie and UK insurance broker Ardonagh, according to people briefed on the matter....
...Sales generated by its sports business, which involves representing athletes such as Manchester City’s Jack Grealish and Real Madrid’s Eduardo Camavinga, grew 28 per cent to $492mn....
...In one instance, a group head in the US had business conversations via text messages and WhatsApp with at least 32 employees....
...After the US settled its antitrust case with Microsoft more than 20 years ago, the software company was subjected to years of technical monitoring to stop it using technical tie-ins to its PC monopoly to...
...Apple has lost an attempt to prevent three of its top executives from being called to testify, including Eddy Cue, head of its services business....
...This is a far cry from the far more overt strong-arming that Microsoft used to force PC makers to carry its internet browser in the 1990s — the basis of the antitrust case it faced a quarter of a century...
...“If assets start getting redeemed, the investors that are left behind get left with the brunt of the costs,” the prime broker says....
...The group paid just £5.5mn for a 70 per cent stake in Rize, acquiring the business from AssetCo, an investment firm founded by Martin Gilbert, an asset management industry veteran....
...“It’s a very tough business,” said Harry Jho, founder of law firm Harry Jho LLC, which specialises in prime brokerage, adding that “if you’re providing full financing, you have to be able to assess the credit...
...The deal will be Ark’s first real push into Europe, and comes after Swedish broker Avanza launched a mutual fund for local investors managed by Ark Investment Management earlier this year....
...Its admirers compare it to Lazard or Goldman Sachs before their respective IPOs — a close-knit circle of supremely connected power brokers quietly shaping commerce around the world....
...Job moves BlackRock is overhauling the organisation of its alternatives business, according to a memo seen by DD....
...That’s an ego blow many are willing to take, however, as banks’ struggles make private credit a more lucrative business by the day....
...Dealmaking deterrents Japan’s problematic equity “cross-holdings” could hypothetically broker a $20bn takeover “for free”, the FT’s Leo Lewis explains. But the country is only ripe for M&A in theory....
...But, faced with an orange traffic cone deliberately placed on the hood, the cars experience the robotaxi equivalent of a PC screen turning blue: they become paralysed and clog up traffic....
...Apollo had previously made five bids for the business, over a protracted, months-long takeover dance....
...Its beauty business — with highly rated skincare brands and well-trodden online platforms — might alone be worth £1.4bn, says broker Liberum, on an undemanding multiple of one times forward sales....
...There was just the PC and Microsoft’s monopoly of software on the PC. And the way they used that in the tech industry made them a lot of enemies. Michela Tindera Right. Of course....
...Other areas of business face a tough year. Sales of PCs are slowing and businesses are trimming IT spending....
...Microsoft’s second weapon is a familiar one: its ubiquity on PCs. The battle this week has been cast as a rerun of the long-running — and one-sided — Google vs Bing rivalry....
...Legal experts said it was not uncommon for a company buying another business to increase insurance limits during the acquisition process, and there is normally no obligation to disclose this information....
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