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InterviewArtificial intelligence
BCG says AI consulting will supply 20% of revenues this year
...Christoph Schweizer told the Financial Times that AI and generative AI were “a huge boost” to revenues in the past year as companies move from experimenting with the technology to “at-scale deployment”....
April 23, 2024
McKinsey
McKinsey’s Bob Sternfels forced into a run-off in leadership ballot
...Zemmel, a 29-year veteran of the firm based in New York, is the global leader of McKinsey Digital, which advises companies on digital transformation and data analytics....
January 26, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Bankruptcy
The US scourge of venue shopping
...Because a company can file bankruptcy in whatever district any one of its dormant shell company affiliates first files bankruptcy....
March 28, 2024
Purdue Pharma LP
US Supreme Court grapples with Sackler liability releases in Purdue bankruptcy
...The family, and Purdue, dispute that they have much more to give, asserting that much of funds withdrawn from the company over the years went to pay taxes....
December 4, 2023
McKinsey
McKinsey faces US criminal investigation over opioid industry work
...McKinsey has faced repeated claims that its work for Purdue Pharma, the maker of OxyContin, and other drug manufacturers contributed to the US opioid crisis by advising the companies on how to boost sales...
April 24, 2024
News updates from April 3: Iger defeats Peltz in Disney proxy war; Eurozone inflation falls to 2.4%
Korean chipmaker SK Hynix to invest $4bn in Indiana plant
...The company intends to begin mass production in the state by the second half of 2028....
April 3, 2024
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
US opioid epidemic
Publicis to pay $350mn to settle US opioid crisis case
...“The work for pharmaceutical companies addressed by this settlement was at all times fully compliant with the law,” Publicis said....
February 2, 2024
Live news updates from August 10: Kate Spade and Jimmy Choo parents merge, US inflation edges up
US Supreme Court stays Purdue Pharma $6bn bankruptcy settlement
...The US Supreme Court has put on hold a $6bn bankruptcy settlement by Purdue Pharma that would shield members of the Sackler family that own the company from future lawsuits linked to the US opioids crisis...
August 10, 2023
Live news updates from August 11: Global oil demand hits record, China’s bank lending plummets
Supreme Court puts Purdue Pharma’s $6bn bankruptcy settlement on hold
...The US Supreme Court has put on hold a $6bn bankruptcy settlement by Purdue Pharma that would shield members of the Sackler family that own the company from future lawsuits linked to the US opioids crisis...
August 10, 2023
Purdue Pharma LP
US Supreme Court halts $6bn Purdue opioid settlement in blow to Sacklers
...The Supreme Court has put on hold Purdue Pharma’s $6bn bankruptcy settlement that would shield members of the Sackler family who own the company from future lawsuits linked to the US opioid crisis....
August 10, 2023
Lex PopuliInvestments
If you like a company, should you buy its shares?
...London market is a scapegoat for poor performance When a UK company’s share price goes south, simply blame the London market....
April 19, 2024
Inside BusinessSujeet Indap
Delaware, Inc agonises about Musk backlash as its lawyers seek changes
...In overturning his pay package, the court said Musk, who owns more than a fifth of the company, was too cosy with Tesla’s board and the value of the package was unfair to other shareholders....
April 23, 2024
News in-depthMcKinsey
McKinsey’s revenue from prime US government contracts falls to 9-year low
...The consultancy has been in the crosshairs of Congress after its marketing work for the opioid maker Purdue Pharma was blamed for contributing to addiction and overdoses, and the data shows that 2023 was...
January 14, 2024
News in-depthBoeing Co
Airlines count the cost of Boeing’s production slowdown
...The company this week reported burning almost $4bn in cash in the first quarter as production rates slowed....
April 25, 2024
LexBankruptcy
Sacklers/Purdue: judges do not want perfect to be enemy of good Premium content
...In those two, parent companies attempt to use a subsidiary company to ringfence a bankruptcy....
May 31, 2023
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 12 June237 Park Avenue, New York, NY, USA
Special ReportOnline MBA 2024
Online MBAs move beyond isolated, independent study
...But Jeff Maggioncalda, the company’s chief executive, recently launched his own course on artificial intelligence....
March 10, 2024
Due Diligence
A failed property empire sheds its party planners and jet crew Premium content
...The $6bn contributed by the Sacklers is a big chunk of the Purdue profits that the family withdrew over several years....
December 6, 2023
McKinsey
McKinsey pays out another $230mn to settle opioid cases
...fossil fuel companies....
September 27, 2023
US opioid epidemic
Purdue Pharma allowed to shield Sackler owners from opioid lawsuits
...that showed the Sackler family members who own Purdue had taken more than $10bn out of the company between 2008 and 2017....
May 30, 2023
Due Diligence
The billionaire, TikTok and Trump Premium content
...That triggered the holding company’s default. The more than £16bn worth of Thames Water bonds sitting below the holding company are part of a so-called whole business securitisation....
April 24, 2024
Apple Inc
Apple removes WhatsApp from China store under pressure from Beijing
...The filing requires developers to set up a local company or use a local publisher and host the back end of the app in China, said Bishop, who predicted that most companies would end up operating a second...
April 19, 2024
Gillian Tett
Companies must rethink how they handle cyber risk
...for the company)....
April 18, 2024
LexElectric vehicles
Slumping EV sales should not ring alarm bells in Europe — yet Premium content
...Sales of higher-margin combustion engine vehicles help with cash flows while the legacy European companies invest in electric models. The question is how long the breathing space will last....
April 23, 2024
LexTesla Inc
Robotaxis are not the solution to Tesla’s problems Premium content
...It is a stretch to imagine that robotaxis can turn the company’s fortunes around this year. Musk presided over the company’s latest quarterly earnings call with a confusing message....
April 23, 2024
LexLive Nation Entertainment Inc
Live Nation deserves to face the antitrust music Premium content
...An unwinding of the deal that created the company no longer looks far-fetched....
April 18, 2024

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