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Jeffrey Talpins’ $12bn vehicle aims to be more nimble and able to respond to market moves
...The likelihood of relocating or dual-listing in the US appears slim — the operations are already there and its biggest shareholders Vincent Bolloré and Vivendi benefit from being able to sell down their...
...Slim’s children and their spouses have long been in top positions at his companies, with some of his grandchildren now also involved....
...In a hearing last Wednesday, Yellow’s lawyer from Kirkland & Ellis, Patrick Nash, said the trucking group had fought against the inclusion of the $500mn loan roll-up provision....
...after scuppering break-up plan (FT + Lex) Emerson Electric to buy NI Corp for $8.2bn to deepen automation push (Reuters) JPMorgan orders senior bankers to work 5 days a week in the office (FT) SoftBank slims...
...Here is Shelley Simpson, president of the trucking company JB Hunt, commenting on a 7 per cent year over year decline in revenue in the first quarter: We’re in a challenging freight environment where there...
...The slim majority of lenders that participated in the deal were able to swap their debt into more senior loans, giving them higher standing in the bankruptcy, while Apollo and Angelo Gordon were not....
...But the chances that they will be able to collect on any judgment are slim....
...Selling off Hulu, ESPN or both would slim Disney down, placing a sharper focus on its family-friendly superbrands such as Marvel and Star Wars....
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...Of course, this is dragged up by outliers in the portfolio such as autonomous trucking play TuSimple (trading at 247 times). Still it’s eye-wateringly pricey....
Activist investors must keep their nerve to influence the party
...The trucking arm of the Mercedes-Benz owner sells half a million units a year, earning $40bn in revenue in 2019....
...The proposal would have allowed AMC to make a series of operational changes — sell locations, reject leases and slim down operations while likely writing off much of the company’s junior debt and equity....
...Uber worked out a settlement with Waymo, the terms included that Uber “would never hire or work with Mr Levandowski again, which resulted in Uber also reneging on its promises to support Mr Levandowski’s trucking...
...We open in a Tokyo blanketed in cherry blossom, a self-possessed man in a slim-cut suit reintroducing himself to his shy 12-year-old daughter Mahiro....
...Reinsurance for US trucking fleet liability risk has in some cases tripled in cost....
...Aurora is also heading in that direction, announcing on Monday that its “first commercial product will be in trucking”....
...The US Treasury department on Wednesday agreed a $700m bailout of trucking company YRC Worldwide....
...Shortly after he left the company in 2016, he co-founded Otto, an autonomous trucking company later acquired by Uber for a reported $680m....
...Reaching for new funds to see it through the pandemic, mattress company Serta Simmons Bedding took $200m in new loans from a slim majority of creditors who, in addition to putting in the fresh money, saw...
...Mr Levandowski was one of the founders of Google's Waymo, but left to co-found Otto, an autonomous trucking company that was later acquired by Uber. Months afterwards....
...Mr Levandowski left Waymo in January 2016 to co-found Otto, an autonomous trucking company later acquired by Uber....
...AI and Torc Robotics, which want to aid long-haul trucking groups....
...The German group said late on Thursday it planned to sell shares in Traton, the trucking business that includes VW’s Man and Scania brands, at €27 to €33 each, giving it a valuation of between €13.5bn and...
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