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...Retired US partners of Grant Thornton have stepped up their fight for a bigger share of the proceeds from the sale of the accounting firm, hiring lawyers to challenge management over the terms of the deal...
...The business was viewed as one of the bank’s most successful units, but took up too much capital and was jettisoned as part of a final restructuring plan....
...After a fractious call with Grant Thornton’s management last week, retirees said the sum they were offered was unfairly low, in some cases coming up short by $1mn or more....
...As well as spending on technology and new service offerings to clients, Grant Thornton could also step up acquisitions, an area where it has historically been less active than many rivals, the people said...
...Google is considering charging for new “premium” features powered by generative artificial intelligence, in what would be the biggest ever shake-up of its search business....
...Capital One’s bid for Discover is the second major transaction in recent years where a JPMorgan rival has picked up an asset coveted by Dimon....
...The shift makes Citadel Securities the latest financial services company to increase its reliance on Big Tech cloud services and is a win for Google as Silicon Valley companies host more business traditionally...
...That competition has forced traditional commodity traders such as Trafigura, which made a record $7.4bn in 2023, to invest to keep up. It set up a power trading division three years ago....
...“Our view was to get everything on the table; have a discussion and make sure the lines of communication are open,” he said....
...Handler had sought a ruling on his partnership status in an effort to force Centerview to open up its books to him....
...Silver Lake itself made a similar investment in Germany’s Software AG, which it ended up acquiring. The attraction, from Viavi’s side, is clear....
...The US National Football League and Amazon Web Services have developed a player health tool known as the Digital Athlete, which they hope may in time be able to predict and prevent injuries....
...Accounting firms that have taken private equity investments have indeed sped up their expansion....
...The communications adviser also oversaw up to €1mn in cash on behalf of the investment banker, which he invested alongside his own funds....
...Google chief executive Sundar Pichai has shaken up the tech giant’s top ranks and structure to speed up its development and rollout of artificial intelligence products, after facing criticism for falling...
...The government is in talks with Stowell about dropping her amendment if it comes up with an alternative proposal in time. Downing Street and Stowell declined to comment....
...Founded in 2013, the Cambridge-based group provides artificial intelligence-based cyber security services designed to protect companies against the threat of cloud attacks, which companies are increasingly...
...Net income was $23.7bn, up 57 per cent from $15.1bn in the same period a year earlier, beating analysts’ consensus of $19.1bn....
...quite serious’, says Morgan Stanley banker (FT) Microsoft, OpenAI and Nvidia back $2.6bn robot start-up (FT) Bidding war for Wincanton drives up UK logistics group shares (FT) Ocado threatens M&S with...
...It has the option to increase its space by up to 130,000 sq ft. JLL advised the firm on its move....
...And so to keep up, it will pay up. While Capital One trades at 1.4 times tangible book value, it will pay 2.6 times for Discover, inclusive of a 27 per cent premium owed to shareholders....
...Despite the glitches at its launch, Gemini ended up being well received in tech circles as a worthy rival to OpenAI’s latest technology and as a much-needed, unified platform on which Google’s various services...
...Instead it has pursued an “arms dealer” approach that allows it to sell content to various streaming services....
...Millennium was up 12 per cent while the S&P 500 fell 19.4 per cent....
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