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...It comes weeks after smaller rival Baker Tilly agreed a $1bn cash infusion from private equity group Hellman & Friedman to fund an acquisition spree, and is likely to further intensify competition in a sector...
...The proposed revamp to its cash cow search engine would mark the first time the company has put any of its core product behind a paywall, and shows it is still grappling with a technology that threatens...
...Most of the focus was on a deal for Discover’s Pulse debit and cash machine network, a pin-based network which processed about $285bn in payments last year, the people familiar with the talks said....
...These areas are growing faster and carry higher fees than public equity and bond funds. But discrepancies in pay and culture can make integrating such acquisitions complicated....
...The combination of the business units brings together 8mn customers under a single group and enables Phoenix to generate benefits from its capital model....
...Traders say volumes have been boosted by applying a tried and tested strategy in other markets, known as a “cash and carry trade”, to bitcoin....
...Apollo previously submitted a takeover bid of more than $26bn, which would have given shareholders a large cash premium to Paramount’s trading price, but it was rebuffed....
...That compares with combined orders of more than 700,000 last year in Phoenix, San Francisco and Los Angeles, according to Waymo, the self-driving car developer of Google’s parent company Alphabet....
...Google’s latest model, which it says can analyse information from images and audio, and has sophisticated reasoning and coding capabilities, follows those released by Microsoft-backed OpenAI, Meta and start-ups...
..., pushing down its cash reserves and pushing up its net debt (excluding lease liabilities)....
...“The Royal Mail” is an apt title for the first gallery — Henry VIII set the system up to serve his own needs, and towns were required to provide horses to carry his messages....
...They’re not really a cash return to shareholders, they are a cash return to share sellers. If you’re more interested in not paying the tax man, a buyback is preferable....
...A new group including Mubadala, Michael Dell’s family office, Goldman Sachs Asset Management and Lexington Partners will also invest cash into Endeavor....
...RedBird IMI now owns £600mn of debt behind the group, which carries an option to convert into equity ownership that RedBird IMI can no longer use....
...Overall, Phoenix’s operating businesses generated £898mn of cash....
...Driverless cars are being tested in a handful of other US cities and Alphabet’s Waymo has a commercial service in part of Phoenix and surrounding suburbs....
...A wave of insurance brokerages including Hub Group and Integrity Marketing Group have taken private equity cash....
...As part of Diamond’s restructuring agreement, subject to approval by a US bankruptcy court in Texas, Sinclair will pay Diamond $495mn in cash and continue to offer management and support services during...
...They cost much less to operate and those with the market power that Apple and Google possess keep on generating more cash as more apps appear....
...But that is modest relative to the $8.4bn in cash that sits on Blackstone’s balance sheet and its more than $6bn in annual management fees....
...The slow pace of fundraising underscores how a turnaround in private markets has damped the appetite of institutional investors for allocating cash to risky venture capital investments in recent years....
...Despite demands to return the cash, the Lib Dems refused....
...Carvana was formed as the internet spinout out of a conventional used car dealership chain named DriveTime, which had been founded by Garcia’s father and based in Phoenix, Arizona....
...Days later, the company announced it would pause all operations of its driverless vehicles, which had also been active in the US cities of Austin, Phoenix and Houston....
...Big price moves in European stocks on Monday include life insurer Phoenix, British Land and drugmaker Indivior, all of the UK....
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