Hints and tips:
...All other units, such as De Beers diamonds, would have undergone a strategic review....
...And on Wall Street, the S&P 500 has hit record highs this year. So what’s going on? Shouldn’t voters love all of this?...
...Jet spending for chief executives at S&P 500 companies increased to $41.3mn in 2022 (the most recent full year available), up 22 per cent from the year before and the highest amount in at least 10 years,...
...These include Disney’s battle with Florida governor Ron DeSantis over LGBTQ+ rights and a US customer boycott of a Budweiser beer brand over the same issue....
...income tax rates — and moved to Florida shortly thereafter....
...After both SVB and Signature Bank collapsed, the Federal Deposit Insurance Corporation planned to pay for the bailouts by taxing uninsured deposits over $250,000....
...Here’s what else I’ll be watching today: DeSantis touches down in London: Florida governor Ron DeSantis ends a four-country tour in London as he prepares to launch his presidential campaign....
...Lawmakers at opposite ends of the political spectrum — Warren and Rick Scott, a Republican senator for Florida — have called for the internal watchdog who oversees the central bank to be replaced with a...
...I mean, the best example of this is Ron DeSantis, the governor of Florida, who has launched this very strange culture war in Florida against some children’s books, against the Disney Corporation....
...Companies in the S&P 500 spent $281bn on share repurchases in the first three months of 2022, according to S&P Global, setting a new record high for the third consecutive quarter....
...The screen The US Federal Deposit Insurance Corporation covers more than 4,200 commercial banks, or one lender per 80,000 citizens....
...A dispute over succession planning within a broadly successful family-run corporation leads to a hostile takeover that catastrophically fuses together two incompatible business cultures....
...“Disney likely has more LGBTQ employees than several corporations combined” who would continue to hold his feet to the fire, Benjamin Siemon, a TV writer who has been a fierce critic of the company’s response...
...Tomorrow, Nasa’s colossal rocket, the Space Launch System, will blast off from Florida in an unmanned test flight. It stands 100m tall, or as high as a 32-storey building....
...If Trump succeeds, one of the biggest winners will be Patrick Orlando, a Florida-based financial executive whose little-known firm, ARC Global Investments II LLC, put up $25,000 to buy a stake in the blank...
...In 2018, after a shooting left 14 students and three staff dead at Marjory Stoneman Douglas High School in Florida, Delta Air Lines announced that it would no longer offer discounts to members of the National...
...“From a lender’s perspective, if you have already lent [a company] money then you don’t want them to file for bankruptcy,” said John McClain, a portfolio manager at Diamond Hill Capital Management, noting...
...Just months after the deadly Parkland high school shooting in Florida, Publix was revealed as a big donor to a Republican gubernatorial candidate who described himself as a “proud NRA sellout” in reference...
...Analysts at S&P downgraded the company’s debt on the same day, citing “the strong likelihood the outcome will result in a selective default or Chapter 11 bankruptcy.”...
...Read more The diamond industry rarely sees developments that feel like a turning point....
...There's already a record, as we've reported in the FT, there's a record number of zombie corporations out there....
...More than 700 passengers aboard the Carnival Corporation’s Diamond Princess tested positive for the disease in February and March, with 12 dying....
...Carnival Corporation is looking to raise $6bn to stay afloat, paying a hefty premium to investors after coronavirus killed passengers on several of its cruise ships and severely hit future bookings....
...Beata Sperling-Tyler, a senior credit analyst at S&P Global, says companies want certainty before they send employees out on the road: “It’s worth referring to what happened after 9/11 — airports had to...
...“This is a high investment-grade company that is now borrowing at usury rates,” said John McClain, a portfolio manager at Diamond Hill Capital Management. “Things have changed quickly....
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