Trending Articles

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Carbon Returns across the Globe

Harvard Corporate Governance

Posted by Shaojun Zhang (Ohio State University), on Wednesday, November 13, 2024 Editor's Note: Shaojun Zhang is an Assistant Professor of finance at Ohio State University, Fisher School of Business. This post is based on her article forthcoming in The Journal of Finance. The pricing of carbon transition risk is a key question as investors consider climate-aware investments.

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Spire Global Soars On Heels Of $241 Million Sale Of Maritime Business, Plans Debt Payoff

Benzinga

Spire Global, Inc. (NYSE: SPIR ) shares were trading at $14.46 at last check Wednesday morning, up 22.75%. The uptick comes after the satellite and analytics company agreed to sell its maritime business to Kpler for roughly $241 million. The deal includes a $233.5 million purchase price and $7.5 million allocated for services over the next twelve months post-closing.

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Box Jumping: Portfolio Recompositions to Achieve Higher Morningstar Ratings

Harvard Corporate Governance

Posted by Lauren H. Cohen (Harvard Business School), David Sunghyo Kim (MIT), and Eric C. So (MIT), on Wednesday, November 6, 2024 Editor's Note: Lauren H. Cohen is the L. E. Simmons Professor of Business Administration at Harvard Business School, David Sunghyo Kim is a PhD student at MIT Sloan School of Management, and Eric C. So is the Sloan Distinguished Professor of Management at the MIT Sloan School of Management.

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Key considerations for CEOs in the oil and gas sector

Mckinsey and Company

The oil and gas industry has recently seen strong financial performance and is refocusing on its core, but it still needs to find answers to drive growth post-2030.

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How to Leverage Intent Data for Better Outcomes

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

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Comment on The Great Debate on Appraisal Fees by Pray Hard

Appraisers Blog

Today’s so called appraisal industry reminds me of that scene in the movie Thief where the cops are beating Frank (Jimmy Caan) up trying to force him to share his money with them. His last response in that scene is truly a gem.

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Banks Need a Digital Strategy to Manage the $84 Trillion Generational Wealth Transfer

Global Finance

This “Great Wealth Transfer” will impact millions of people around the world and could potentially open up exciting opportunities to reshape our financial systems and redistribute wealth to support both people and our planet. More immediately, however, this unprecedented transfer of wealth represents a major challenge for banks, particularly those who provide services to high-net-worth individuals.

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How banks can supercharge technology speed and productivity

Mckinsey and Company

Financial institutions can unlock the productivity of their software engineering teams to significantly boost tech innovation without increasing IT budgets.

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Comment on Appraiser Countersuing Black Homeowners for Defamation by Kenneth Mullinix

Appraisers Blog

In my situation I got caught up in a HUD investigation after being reported vindictively by a disgruntled homeowner that claimed racism because I did not come in on a appraised value of his home for a refinance, that would make his refinance work. The HUD investigation found no evidence of any racial biases within my appraisal. My license/record is perfect; no lawsuits pending against me and no government investigations against me.

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Exxon Mobil Sells $1 Billion in Permian Basin Assets to Focus on Shale: Report

Benzinga

In a bid to focus on evolving shale production, Exxon Mobil Corporation (NYSE: XOM ) reportedly disclosed a $1 billion major asset sale deal. According to Reuters, the oil and gas giant plans to divest its conventional oil drilling assets located in the Permian Basin of Texas and New Mexico. As per the report, the assets are estimated to produce around 26,000 barrels of oil equivalent per day.

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November Regulatory Update: CFPB Guidance Piles Up and Redlining Enforcement

N Contracts

It’s autumn and the leaves are falling – but they’ve got nothing on the fresh pile of paperwork from the CFPB. Meanwhile, the Justice Department is going gangbusters on redlining enforcement.

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

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2024 Top 250 Report

Harvard Corporate Governance

Posted by Lauren Shatanof, FW Cook, on Wednesday, November 13, 2024 Editor's Note: Lauren Shatanof is a Consultant at FW Cook. This post is based on an FW Cook memorandum by Ms. Shatanof, James Lutz , and Voytek Sokolowski. INTRODUCTION This Top 250 Report details executive long-term incentive practices at the 250 largest companies by market capitalization, with special focus on trends over the last five years.

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Supercharging product portfolio performance with generative AI

Mckinsey and Company

When generative AI tools do the heavy lifting, companies can optimize their product portfolios faster and more effectively.

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Comment on FHFA’s Appraisal Waivers Expansion by Flash

Appraisers Blog

In reply to Steve Maher. Thats what i have been doing for years as a Broker/Appraiser. Appraisers can also have a Real Estate License as well and a Mortgage Loan Originator License as income streams. An Appraiser Buyer consultant that is also a licensed Real Estate Agent is the way to go to take part in a real estate commission and not just a one-time fee.

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Employers' Responsibilities Under the SECURE 2.0 Act

Machen McChesney

The SECURE 2.0 Act aims to expand the ease of saving for retirement, to simplify the management of retirement plans, and, in general to improve financial security for American workers and retirees. The updated law includes new options for 401(k) and 403(b) employer contributions, adjustments to the required minimum distribution age for IRAs, and increased catch-up contribution limits.

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Mastering Intent Data: Understanding its Importance & Best Practices

Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

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Buffett’s Apple sales and cash pile spark intrigue over motives

Financial Times M&A

Berkshire Hathaway has investors asking questions after filling its coffers by unwinding its most profitable trade

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Corporate Political Activity Disclosures: A Continued Priority for Investors and Companies

Harvard Corporate Governance

Posted by Subodh Mishra, ISS STOXX, on Tuesday, November 12, 2024 Editor's Note: Subodh Mishra is Global Head of Communications at ISS STOXX. This post is based on an ISS-Corporate memorandum by Kosmas Papadopoulos, Head of Sustainability Advisory for the Americas at ISS-Corporate. For much of the past two decades, transparency regarding corporate political activities has been a key issue in corporate engagements with investors.

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The state of gen AI in the Middle East’s GCC countries: A 2024 report card

Mckinsey and Company

Research shows that organizations in the region have been quick to adopt generative AI, but very few are yet seeing much benefit. Those that are demonstrate what it takes.

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Comment on FHFA’s Appraisal Waivers Expansion by Flash

Appraisers Blog

In reply to Spencer Paul. Disclosure is the key. It is that simple. As an appraiser I don’t use any comparables that I might have been part of a real estate sale transaction. If I appraise a non lender estate and then the estate wants me to represent as the listing broker all I do is disclose prior services in escrow as an an appraiser. Total disclosure and totally legal.

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Important Tax Tips for 2024

Machen McChesney

The U.S. tax code is complicated and often hard to understand, with many provisions, credits, and disallowances. Let's review a few credits that many people are interested in , as well as how to respond to the IRS if you get married — or get a taxes-due notice. The Employee Retention Credit The ERC was implemented as part of the Coronavirus Aid, Relief, and Economic Security Act to encourage businesses affected by the pandemic to keep staff on payroll during lockdowns and times of reduced busine

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Board Composition: Building Your Dream Team

Harvard Corporate Governance

Posted by Paul DeNicola, Barbara Berlin, and Carin Robinson, PricewaterhouseCoopers, on Monday, November 11, 2024 Editor's Note: Paul DeNicola is a Principal, Barbara Berlin is a Managing Director, and Carin Robinson is a Director at the PricewaterhouseCoopers (PwC) Governance Insights Center. This post is based on their PwC memorandum. Board effectiveness begins with and depends on who’s in the boardroom.

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The McKinsey Crossword: Avian Similes | No. 206

Mckinsey and Company

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.

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Comment on FHFA’s Appraisal Waivers Expansion by Spencer Paul

Appraisers Blog

In reply to Flash. Per USPAP, just don’t misrepresent your roles in the transaction (s), you can not be all three at the same time because the. You would assuredly misrepresent yourself at some point and that would be a state boards field day and case study for years to come.

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Just Eat Takeaway sells Grubhub at steep loss

Financial Times M&A

Amsterdam-based food delivery giant offloads unit to Wonder for $650mn after buying it for $7.

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Safe Harbor Financial's $3.3M Comeback: Turning Losses Into Profit Despite Revenue Drop

Benzinga

Safe Harbor Financial (NASDAQ: SHFS ) reported a significant turnaround in the third quarter of 2024, achieving a net income of $354,000 – a stark improvement from the $748,000 loss in the same quarter of 2023. However, total revenue declined by 20%, dropping from $4.3 million to $3.5 million. The company attributed this decline to lower deposit and onboarding income following the Abaca acquisition.

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SEC Enforcement Reminds Companies to be Careful What They Disclose on Social Media

Harvard Corporate Governance

Posted by Jeremy Barr, Katherine Kim, and Yunah Ko, Freshfields Bruckhaus Deringer LLP, on Wednesday, November 13, 2024 Editor's Note: Jeremy Barr is a Counsel and Katherine Kim and Yunah Ko are Associates at Freshfields Bruckhaus Deringer LLP. This post is based on a Freshfields memorandum by Mr. Barr, Ms. Kim, Ms. Ko, and Ginger Hervey. A recent enforcement action brought by the Securities and Exchange Commission (“SEC”) offers an important reminder for public companies, as well as their off

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Uniting organizations with next-generation operational excellence

Mckinsey and Company

Next-generation operational excellence starts with lean principles, investing in people, and using technology for collaboration. McKinsey senior partners Kimberly Borden and Mike Perkins describe how.

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Comment on Leaving the Appraisal Profession by Vito Stone

Appraisers Blog

It’s tough to see so many appraisers expressing their frustrations with the current state of the industry. With AMCs and lenders pushing for lower fees, appraisers are increasingly finding themselves pressured to sacrifice independence and accuracy in exchange for speed and cost-efficiency. It’s no surprise that so many are considering leaving the profession or transitioning into other roles.

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BlackRock in talks to take minority stake in Millennium

Financial Times M&A

Two groups explore strategic partnership as world’s largest asset manager seeks to expand in fast-growing alternatives

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How Accounting Helps Hide Mergers from the FTC and DOJ

Reynolds Holding

Evidence of a rise in corporate market power has drawn the attention of U.S. policymakers, prompting antitrust regulators to more closely scrutinize mergers and acquisitions (M&A) that consolidate product markets. Such consolidations are believed to be behind the increased market power, which can lead to higher prices, fewer choices, and lower quality for consumers.

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The State of Sustainability in 2024: DEI Will Survive

Harvard Corporate Governance

Posted by Rose James, Lisa R. Davis, and Faten Alqaseer, Teneo, on Saturday, November 9, 2024 Editor's Note: Rose James is a Senior Associate and Lisa R. Davis and Faten Alqaseer are Senior Managing Directors at Teneo. This post is based on a Teneo memorandum by Ms. James, Ms. Davis, Ms. Alqaseer, Matt Filosa , Diana Lee , and Martha Carter. Annual sustainability reports remain a critical platform for companies to articulate their diversity, equity and inclusion (DEI) progress and objectives.

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The CEO’s essential checklist: Questions every chief executive should be able to answer

Mckinsey and Company

Most great CEOs rely on a set of guiding mindsets. This checklist helps them turn mindsets into practices that can steer their companies to great heights.

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Comment on The Great Debate on Appraisal Fees by Pray Hard

Appraisers Blog

In reply to Retired Appraiser. Some years you can make a killing and other years you don’t make a cent. I had an adjustors license for years. Last time I took the FEMA flood class for CE there were about 400 adjustors there. None of them had worked in two years. Furthermore, you need a lot of money to start and survive in that business. You need to be totally self-contained, including living facilities like an RV or trailer, generator, etc.

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BioNTech Boosts Oncology Strategy With $800 Million+ China-Based Biotheus Acquisition

Benzinga

On Wednesday, BioNTech SE (NASDAQ: BNTX ) agreed to acquire Biotheus , a clinical-stage biotechnology company focused on discovering and developing antibodies for oncological or inflammatory diseases. With the acquisition, BioNTech will obtain full global rights to the late-stage clinical asset BNT327/PM8002, an investigational bispecific antibody targeting PD-L1 and VEGF-A.

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The Amount You and Your Employees Can Save for Retirement Is Going Up Slightly in 2025

Machen McChesney

How much can you and your employees contribute to your 401(k)s or other retirement plans next year? In Notice 2024-80, the IRS recently announced cost-of-living adjustments that apply to the dollar limitations for retirement plans, as well as other qualified plans, for 2025. With inflation easing, the amounts aren’t increasing as much as in recent years.

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