Hints and tips:
...He may chew through portfolio managers like they’re rare steaks, but Ken really is the apex predator of finance today....
...“They’re clearly a very important one [but] we don’t limit ourselves.”...
...Oscar Munoz, chief executive, has been criticised for his initial response after he first apologised only for having to “re-accommodate” passengers....
...Argentina has hired three banks to sell its first benchmark euro-denominated bond in over a decade, just months after it issued a record-breaking dollar bond that marked its re-entry into the world’s debt...
...The press release noted debt financing would come from Goldman Sachs Bank USA and Goldman Sachs Lending Partners LLC. The bank also provided M&A advice to Thermo Fisher....
...“We’re also pleased that the court has demanded that both parties stop systematically copying Euronext’s products, a direct attack on our intellectual property rights.”...
...In order for this surplus to go we need deep pain and I think we’re not there yet,” he said....
...Other groups including Air Products and WR Grace have launched radical restructuring programmes, and all of them have had to re-evaluate their strategies following a profound upheaval in market conditions...
...The push into content “The biggest decision was saying we’re an integrated producer-broadcaster — it’s all about content,” says Mr Crozier....
...It reminds us of Texas Competitive Electric Holdings Company LLC (TCEH) in 2011....
...Bankruptcy We discussed this at some length on Monday because it reminded us of Texas Competitive Electric Holdings Company LLC (TCEH) in 2011....
...Ian Robertson, BMW’s head of sales, said: “China has definitely slowed somewhat but we’re still tracking around strong double digits upwards....
...Cinven has outflanked other interested buyers such as Apollo Global Management, the private equity group, and Swiss Re, the reinsurer, in an auction run by Goldman Sachs....
...Agencies had seen little change yet in clients’ spending, he said, but “we’re going to tell our people to come in very cautiously with their budgets”....
...We’re transitioning from being execution only to being execution everything”, he said....
...This was intended to achieve a re-rating by agencies and thereby cut interest costs. In March 2009, net debt was 5.3 times ebitda....
...Similarly, Transamerica Re, the US life-reinsurance business being sold by Dutch insurer Aegon, is said to have attracted at least initial interest among some financial investors....
...“Rather than telling a director to obey or face public censure, now we’re far keener to take time making the case for change,” said one US activist fund manager....
...The Cadbury takeover has re-opened a debate that emerges whenever an icon of UK industry falls victim to a foreign predator, write Carlin, a professor at University College London, and Mayer, Peter Moores...
...you’re not allowed to plan your taxes....
...We’re not so much interested in being a deal factory.”...
...Scary mergers “They feel welcome, they’re excited about the future and they’re relieved to be part of a company with a strong balance sheet and a strong future.”...
...On Friday, Mr Buffett’s satisfaction with the performance of his insurance units, which include Geico, the car insurer, and General Re, a reinsurance company, was reinforced as the “Sage of Omaha” launched...
...Now I’m sure you’re seeing some short covering. You’re probably also seeing some value players taking positions,” Mr de Vassal said....
...“We’re expecting a strong fourth quarter and we stand firmly behind all the targets we have set for 2010,” Mr Sivignon said, adding that performance in the medical unit would not threaten the 2010 forecasts...
International Edition