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...“Microsoft’s large investment is not something we do without a lot of thought,” Smith added....
...But James Smith, who oversaw a series of bruising campaigns at Samsung and Hyundai when he was head of Elliott Management’s Hong Kong office, said the case for investing in undervalued South Korean companies...
...Other law firms including Addleshaw Goddard, Travers Smith and Macfarlanes have also rolled out generative AI pilots internally....
...Smith & Wesson shares jumped more than 10 per cent in morning trade on Friday after the firearm manufacturer said sales of newly launched guns and higher prices helped it report better than forecast results...
US manager known for aggressive approach bets markets are too pessimistic about potential losses on utility’s debt
...Smith said, however, that it was “too early” to say whether Microsoft would invest in that effort....
...The Army Corps of Engineers will work with the US Coast Guard to remove the collapsed bridge from the bow of the ship....
...Media companies Walt Disney and Fox Corp also report as well as technology groups Alibaba, PayPal and Uber....
...Semafor was founded by Ben Smith, the former BuzzFeed editor, and Justin Smith, the former chief executive of Bloomberg Media....
...The activist hedge fund run by Jeff Smith argued at a conference yesterday that News Corp’s stock market valuation “does not make sense” and called for a spin-off of its online property listings division...
...“We believe the message is clear that the status quo is no longer acceptable,” Smith added....
...With his oiled and shiny Smith & Wesson tucked into a concealed waistband holster, he said he had had a licence for 50 years but until now had never bothered to carry his weapon, or had to use it....
US buyout groups consider joining thriving market for UK corporate pension deals
...The latest marriage will not affect the ownership of the Murdoch family trust, which controls News Corp and Fox, the person familiar with the matter said....
Chair of US banking regulator says a 90-day review of workplace culture has begun
...Financials Acquisition Corp had already cut the amount it was trying to raise from £500mn, citing the difficulty of getting a significant amount of money into Lloyd’s syndicates in time for the next underwriting...
...Financials Acquisition Corp, a special purpose acquisition company, said on Monday it had terminated a plan to combine with a newly created entity, London Innovation Underwriters, after the latter received...
...“If News Corp separates the digital real estate assets through a tax-free spin[off] . . . shareholders will see significant appreciation in the company’s share price,” Smith said. Read more here...
...Results: Sony, Fox News and Wall Street Journal parent News Corp, and Tapestry, owner of luxury retailers Coach and Stuart Weitzman, will report earnings before Wall Street’s opening bell....
...Robert Smith is an FT capital markets correspondent Follow @FTMag to find out about our latest stories first...
...The UN efforts are part of an operation under Smith that costs more than $1bn a year to run, according to people familiar with the company....
...Microsoft’s president Brad Smith told the Financial Times this week that while the companies were “very important partners”, “Microsoft does not control OpenAI”....
...“If News Corp separates the digital real estate assets through a tax-free spin[off] . . . shareholders will see significant appreciation in the company’s share price,” Smith said....
...Brad Smith, vice chair and president of Microsoft, added that companies have “a responsibility to help ensure these tools don’t become weaponised in elections”....
...Brad Smith, Microsoft’s vice-chair and president, said on Friday that its relationship with OpenAI was “very different from an acquisition”....
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