Hints and tips:
...Lipton at the time wondered out loud about blue-chips ditching their Delaware domiciles — where the majority of large, listed American companies choose to incorporate — for the likes of New Jersey and Pennsylvania...
...But with regulatory issues, valuation issues and state pride all on the line, expect plenty of action ahead....
...Matthew Platkin, New Jersey’s attorney-general, predicts that his state will ratchet up regulation whether the companies are onboard or not. “This is not the end of history,” says Platkin....
...Ramji said that BlackRock ETF users include nine of the 10 biggest active managers and eight of the 10 biggest US insurance companies....
...Earlier in 2022, Nth Cycle raised $12.5mn from investors including MassMutual, the US insurance company....
...A huge chunk of that — Rs205bn — came from the sale of a 3.5 per cent stake in state-run Life Insurance Corporation (LIC) in May through a long-delayed initial public offering....
...Which fintech tie-ups do you see happening by the end of the year? Reach out to me (imani.moise@ft.com) or Sid (sid.v@ft.com) to let us know. Happy reading!...
...The lawsuit, originally filed in 2013, is one of the biggest legal challenges the company has faced over the years....
...Most recently, he was chief executive of The Warranty Group, a Chicago-based insurance company that until last year was part of the portfolio of TPG, the private equity group that also holds a stake in Uber...
...Next, there are skeptical regulators to win over—perhaps the grandchildren of state insurance commissioners who banned tontine insurance a century ago—and they might not take kindly to anything with the...
...of 70 per cent of PLP, a power plant on the city-state’s Jurong Island, for $550m and a rights offering the same year that raised more than $500m....
...This is the latest in a line of cases, disputes and debates about the changing nature of work and the extent to which the UK’s employment law, tax system and welfare state are keeping up....
...Uber’s other big fines include an $11m fee in Pennsylvania, over illegal operations conducted in 2014, and a $7.6m fine from regulators in California, which the company has appealed....
...The new laws represent a compromise between car companies and tech companies after months of wrangling....
...The fundamentals of the housing market mirror the slowly improving economy, says Keith Gumbinger, vice-president of HSH, a mortgage research company....
...The Kansas City* company on Tuesday announced it had started trading a new electronic-based options index it is calling “the Spikes”....
...We also need the tech companies to acknowledge the disruption they cause and do far more to benefit all aspects of our lives. john.thornhill@ft.com...
...of the US’s sometimes cumbersome and slow-moving market plumbing....
...On spotting John McCaw in the lobby of the George V hotel in Paris, Donald Pels cracked a smile....
...At Geisinger Medical Center in rural Pennsylvania, a robot named Abbie rolls out of the hospital pharmacy into the corridor. “Turning around,” the robot intones politely, “calling elevator.”...
...On average companies that listed in Hong Kong this year rose 28 percent by the end of their first day of trading.”...
...Much of the growth has been driven by a sharp increase in the amount of lending by small banks to companies and other commercial enterprises....
...Worst moment: Berkshire’s 1998 acquisition of reinsurance company General Re was marred by a portfolio of complex derivative securities and state and federal investigations....
...Natasha and Chris Ashton were a month into their MBA programme at the Wharton school at the University of Pennsylvania when their year-old cat, Bodey, stopped eating....
...“That strikes me as significant progress,” says Pat Toomey, a Republican from Pennsylvania and advocate of ending the programme....
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