Thu.Oct 31, 2024

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Boeing: Stabilizing Finances Amid Operational Challenges

Global Finance

Boeing faces labor strikes, production issues, and regulatory scrutiny. To offset financial ruin, the company is selling $15 billion of common stock and mandatory convertible bonds. The sale is part of an ongoing initiative to stabilize finances and protect Boeing’s investment-grade credit rating while minimizing shareholder dilution. The financing structure lets the company count bonds as equity, hopefully eschewing concerns about its debt load, a critical factor in maintaining its credit ratin

Finance 111
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Business Valuation for Buying a Used Car Dealership

Peak Business Valuation

In recent years, the used car market in the US has been stronger than ever. If you are looking to capitalize on that strong market, buying a used car dealership might be right for you. Getting a valuation for buying a used car dealership will be critical in the buying process. A used car dealership valuation will help you assess the value of a dealership and the potential opportunities and risks involved.

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Trending Sources

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World’s Safest Banks 2024: Emerging Markets Top 50

Global Finance

Global Finance ’s top 50 emerging markets honorees navigated their individual obstacles in their own unique way. The institutions in our 50 Safest Emerging Markets Banks rankings are facing a challenging operating environment from rising geopolitical tensions, potential disruptions of global trade, and commodity price volatility. Many banks have posted solid operating performance in recent years, as successive interest rate hikes reduced inflation in their regions and globally and also boosted p

Banking 98
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Go, teams: When teams get healthier, the whole organization benefits

Mckinsey and Company

Creating effective teams depends on multiple factors, including high levels of trust and communication, and understanding team context. A new approach helps elevate performance and create value.

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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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Why Germany Is Resisting UniCredit’s Takeover of Commerzbank

NYT M&A

Despite an openness to cross-border mergers, Germany has pushed back against talk of the Italian lender UniCredit’s acquiring Commerzbank.

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A corporate visionary, a retail CEO, and a fashion designer

Mckinsey and Company

Our October obituaries also include a staunch advocate for older adults, a surgical innovator, and an award-winning photographer who enabled many to see underserved communities through a new lens.

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Comcast Explores Spin-Out of Cable Business

NYT M&A

The company’s president, Mike Cavanagh, said the company was also considering finding a partner for its Peacock streaming service.

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Travel Tuesday is real—and growing

Mckinsey and Company

You’ve heard of Black Friday. But today’s consumers increasingly shop for trips on Travel Tuesday. How can travel industry players benefit from this trend?

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Playboy Gets PE Investment After Rejecting Takeover Bid

Law 360 M&A

The owner of Playboy, PLBY Group Inc., on Thursday announced that it had secured a "significant" equity investment from privately held online entertainment company Byborg Enterprises SA.

Equity 98
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Is your ‘conglomerate discount’ a performance discount or a communication problem?

Mckinsey and Company

A corporation with multiple businesses should not be valued less than the sum of its parts—so long as those parts perform in line with their peers and investors have the transparency they need.

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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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Vinson & Elkins To Open Denver Office With Plans To Expand

Law 360 M&A

Three Vinson & Elkins LLP partners have been tapped to open the firm's newest office in Denver, the firm announced Thursday, amid an effort to expand its client base and talent roster in the Mountain West region.

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Comcast Explores Spin-Out of Cable Business

NYT M&A

The company’s president, Mike Cavanagh, said the company was also considering finding a partner for its Peacock streaming service.

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Why simulation software is such hot property for Siemens

Financial Times M&A

But whichever way you cut it, Altair is an expensive purchase

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Navigating political changes in the evolving tax landscape

ThomsonReuters

Jump to ↓ The current tax landscape Democratic and Republican Party tax plans Strategic planning amidst tax uncertainty In today’s dynamic political and economic environment, understanding the intricacies of tax policy has become more crucial than ever. As governments worldwide adjust their fiscal strategies to address economic challenges and shifting priorities, businesses and individuals must stay informed to effectively manage their financial strategies.

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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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Poul Weihrauch, the Mars boss eating up snack brands with Kellanova deal

Financial Times M&A

Company formerly known as Kellogg will add products from Pringles to Cheez-It to family-owned group’s portfolio

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Stars Of China 2024: Innovation Nation

Global Finance

This year’s Stars of China honorees have been getting creative as they navigate banking’s difficult post-pandemic era. The toolbox is open, and the fine-tuning is underway, as China’s policymakers and financial institutions respond to the thorny economic challenges of the post-pandemic era. On the policy end, the Politburo in September issued economy-targeted guidance for state agencies.

Banking 52
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Strong gains in Income and spending boost economic growth in September

LaPorte

(authored by RSM US LLP) American households are well positioned to keep spending at a 3% to 3.5% pace as inflation moves back to 2% and real wages continue to increase. The post Strong gains in Income and spending boost economic growth in September first appeared on LaPorte.

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CVS Unit Exec's Ex-Partner Charged With Insider Trading

Law 360 M&A

The former domestic partner of a top executive at Oak Street Health Inc., a primary care provider network owned by CVS Health Corp., was charged in Philadelphia federal court Thursday with insider trading on advance information about CVS' $10.6 billion deal to buy Oak Street in 2023.

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A New Complaint – Reducing Risk with Complaint Management

N Contracts

The only thing worse than a consumer complaint is a consumer complaint that’s ignored and never addressed.

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Instructure Sued In Del. For Books On $4.8B Take-Private Deal

Law 360 M&A

A stockholder of educational technology venture Instructure Holdings LLC has sued the company for records on its $4.8 billion take-private sale to Kohlberg Kravis Roberts & Co. LP, citing concern that Instructure's controller, Thoma Bravo, abandoned another prospect for its own benefit.

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FounderMetrics: Mark Wright

Vested

The second season of FounderMetrics has arrived and to kick things off, founder and CEO Ifty Nasir sat down with TV icon and business owner Mark Wright.

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Meta Users Fight Uphill For Cert., But Advertisers Have A Shot

Law 360 M&A

A California federal judge who was asked to certify two classes in a case alleging that Facebook parent Meta Platforms monopolized the social media advertising market and misused users' data said Thursday that the users' damage theory wasn't "plausible," but appeared open to the advertisers' claim they suffered the same alleged injury.

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Davis Polk Discusses SEC Charges for Inadequate Disclosures by Victims of SolarWinds Cyberattack

Reynolds Holding

On October 22, 2024, the SEC instituted settled actions against four current and former public companies impacted by the 2020 SolarWinds software hack – Unisys Corp. (Unisys), Avaya Holdings Corp. (Avaya), Check Point Software Technologies Ltd (Check Point), and Mimecast Limited (Mimecast). The SEC alleged that the companies made materially misleading disclosures regarding cybersecurity risks and intrusions relating to the SolarWinds hack, and that one of the companies (Unisys) also had deficien

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How Judiciary Can Minimize AI Risks In Secondary Sources

Law 360 M&A

Because courts’ standing orders on generative artificial intelligence and other safeguards do not address the risk of hallucinations in secondary source materials, the judiciary should consider enlisting legal publishers and database hosts to protect against AI-generated inaccuracies, say attorneys at Lankler Siffert & Wohl.

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Why CEO Pay Gaps Matter for Bank Liquidity Creation and Financial Stability

Reynolds Holding

Given banks’ importance to global economic stability, how they manage liquidity – their capacity to transform short-term liabilities into long-term assets – plays a pivotal role in supporting growth while maintaining financial resilience. It also entails considerable risk. Creating more liquidity increases banks’ exposure to risk, particularly when market conditions shift, posing potential challenges for financial stability.

Banking 45
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Monthly Merger Review Snapshot

Law 360 M&A

Kroger and Albertsons endured overlapping trials in cases challenging their planned grocery store megamerger, as the Federal Trade Commission got a major fashion industry deal paused and pushed its bid to block the $4 billion merger of Tempur Sealy and Mattress Firm.

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Mount Logan Capital Inc. Announces Strategic Minority Investment in Leading North American Lending Platform

Benzinga

BC Partners Credit agreed to indirectly acquire a majority stake in Runway Growth Capital LLC, an SEC registered investment adviser, managing approximately $1.4 billion in private credit assets Mount Logan purchasing the remaining minority stake in Runway through the issuance of $5 million common shares of Mount Logan Runway focuses on providing $30 to $150 million senior loans to fast-growing North American companies Mount Logan and BC Partners' investment benefits existing Runway investo

Finance 40
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Firms' Hiring Strategies Are Evolving In Fight For Top Spot

Law 360 M&A

Competition for top talent among elite law firms shows no signs of slowing down, even amid economic uncertainty, with financially strong firms deploying aggressive strategies to attract and retain skilled professionals to solidify their market position.

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Lyell Immunopharma Completes Acquisition of ImmPACT Bio

Benzinga

Acquisition strengthens Lyell's clinical pipeline with the addition of IMPT-314, a dual-targeting CD19/CD20 CAR T-cell product candidate expected to initiate pivotal development in 2025 in patients in the 3 rd line setting with B-cell non-Hodgkin lymphoma who have not yet been exposed to CAR T-cell therapy Sumant Ramachandra, M.D., Ph.D., MBA, appointed to Lyell's Board of Directors SOUTH SAN FRANCISCO, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Lyell Immunopharma, Inc.

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The 2024 Law360 Pulse Leaderboard

Law 360 M&A

Check out the Law360 Pulse Leaderboard to see which firms made the list of leaders in all-around excellence this year.

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Progress Completes Acquisition of ShareFile

Benzinga

ShareFile's AI-powered, document-centric collaboration platform expands Progress' industry-leading product portfolio and marks a major milestone in the company's Total Growth Strategy BURLINGTON, Mass., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Progress (NASDAQ: PRGS ), the trusted provider of AI-powered infrastructure software, today announced the completion of the acquisition of ShareFile , a business unit of Cloud Software Group, Inc. , providing a SaaS-native, AI-powered, document-ce

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Chancery Upholds Low Appraisal Of Online Bookstore Co.

Law 360 M&A

Contract educational institution bookstore operator Akademos Inc. was fairly sold in December 2020 under terms that left common stockholders wiped out, a Delaware vice chancellor has ruled after a four-day trial that both appraised the company's stock and judged the deal's fairness.

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MONI Holdings Announces Acquisition of Technology and New Board Member

Benzinga

MONI is announcing the acquisition of a real-time news tracking service to be named Pulsewire. With this acquisition, MONI welcomes Brian Lewis as the Pulsewire President and as a new board of directors member. Sheridan, WY October 31, 2024 --( PR.com )-- Today, MONI is announcing the acquisition of an advanced news tracking technology platform, now branded as Pulsewire.ai.

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China’s Safest Banks 2024

Global Finance

Regulators seek to arrest economic slowdown. With China’s struggling economy, the country’s banking sector is facing significant growth headwinds, as policymakers attempt to halt the deteriorating economy with a recent wave of monetary and fiscal measures. The economy has been mired in a slump, due in part to the ongoing real estate crisis that involves large inventories of unsold housing units and unfinished properties.

Banking 40