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...Chicago-based Grant Thornton is the seventh largest accounting firm in the US after the Big Four, RSM and BDO, with $2.4bn in revenue in its past financial year, which ran to July 2023....
...Its five-year annualised return of 2.8 per cent trails almost all mid-cap growth and technology funds over the same span....
...Sales at Interpath’s advisory business climbed to £26.9mn, up from £2.8mn a year earlier....
...GM has sunk billions into Cruise, including buying out Softbank’s minority stake for $2.1bn last year. It now owns about 80 per cent of the business. Other investors include Honda and Microsoft....
...The S&P 500 index rose 24.2 per cent in 2023 in comparison....
...In 2022, the DoJ convinced a federal judge to block the $2.2bn merger between book publishers Penguin Random House and Simon & Schuster....
...Cannae’s own net asset value per share of $2.4bn, or $34 per share, is well above its trading price of $22 per share....
...S&P 500 dividend yields went as high as 9.2 per cent in the first quarter of 1938, according to S&P Dow Jones Indices. Even IPOs paid them, as I read to my surprise in Peris’s book....
...Capital One says it can wring out $2.7bn worth of annual efficiencies, roughly split between cost cuts and squishy “network synergies”. To judge the chances of achieving that, consider some history....
...Bridgewater, which in 2022 lost its place at the top of the all-time rankings to Citadel, fell a further two places to fourth, losing $2.6bn....
...The firm said shares of the electric-car maker with the distracted boss should be worth $2,000 by 2027, with a bear case of $1,400, and a bull case of $2,500: Alphaville’s first instinct, naturally, was...
...OpenAI’s ChatGPT-3.5 fabricated responses 69 per cent of the time, while Meta’s Llama 2 model hit 88 per cent....
...Hedge fund manager Greg Coffey in talks to acquire EM boutique Emso (FT) Mike Ashley’s game of spoof over legal bill ‘quite serious’, says Morgan Stanley banker (FT) Microsoft, OpenAI and Nvidia back $2.6bn...
...The $2.3bn telecoms equipment maker has made a recommended £1bn bid for London’s Spirent, which will be partly financed via a $400mn convertible pay-in-kind toggle loan from Silver Lake....
...The Glazers entrusted Raine Group with United’s future after the US investment bank led the sale in May 2022 of Chelsea FC, achieving a price of £2.5bn in an accelerated process due to the sanctions imposed...
...The PEG ratios of Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla are 4.6, 1.3, 1.3, 1.2, 2.6, 0.7 and 2.1, respectively....
...Section 2 covers monopolisation — single firm dominance. If you want to break up a firm unilaterally for doing bad things, you would sue them under Section 2....
...Rachel Chan, who paid HK$2,328 for her ticket to the match, said the refund was “better late than never” but that “this belated refund pales into insignificance when compared to the disappointment”....
...Some of the biggest fund launches from 2023 included London-based equity hedge fund Ilex Capital Partners and New York-based hedge fund Surgocap, which launched with $2.1bn and $1.8bn in capital, respectively...
...Overall, the digital ads market will grow 9.2 per cent this year to $617bn, according to GroupM, the media agency....
...It said together with Tamil Nadu’s state government, it would “work toward a total investment of up to USD 2 billion”....
...The number of new listings also fell to 1,298 from 1,415 a year earlier and a 2021 peak of 2,436....
...In Messi, Inter Miami signed a star with the power to attract eyeballs all over the world to Apple TV, which had already agreed a 10-year deal worth $2.5bn to screen Major League Soccer matches globally....
...Meanwhile, Amazon improved its income by $2.8bn in 2022 thanks to a reduction in depreciation costs of $3.6bn as it extended the life of its servers from four to five years....
...Since 2012 they have returned 8.2 per cent a year on average, says Goldman Sachs, compared with 7.5 per cent for traditional hedge funds....
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