Tue.Oct 18, 2022

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Statement by Commissioner Lizárraga on Meeting Investor Demand for High Quality ESG Data

Harvard Corporate Governance

Posted by Jaime Lizárraga, U.S. Securities and Exchange Commission, on Tuesday, October 18, 2022 Editor's Note: Jaime Lizárraga is a Commissioner at the U.S. Securities and Exchange Commission. This post is based on his recent public statement. The views expressed in this post are those of Commissioner Lizárraga and do not necessarily reflect those of the Securities and Exchange Commission or its staff.

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Power spike: How battery makers can respond to surging demand from EVs

Mckinsey and Company

As the auto market embraces electric vehicles, battery demand is soaring. Bold moves in gigafactory construction, supply chain strategy, and talent acquisition can help industry players get ahead.

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Remark by Commissioner Uyeda to the Small Business Capital Formation Advisory Committee

Harvard Corporate Governance

Posted by Mark T. Uyeda, U.S. Securities and Exchange Commission, on Tuesday, October 18, 2022 Editor's Note: Mark T. Uyeda is a Commissioner at the U.S. Securities and Exchange Commission. This post is based on his recent public statement. The views expressed in the post are those of Commissioner Uyeda, and do not necessarily reflect those of the Securities and Exchange Commission or its staff.

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Reshaping retail banks: Enhancing banking for the next digital age

Mckinsey and Company

The current model of universal retail banking is unsustainable over the long term. To thrive, banks need to reinvent themselves, focusing on businesses where they can achieve and extend market leadership in the new digital world.

Banking 109
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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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B. Riley Buys Additional Performing Receivables From Badcock For $168M

Benzinga

B. Riley Financial Inc (NASDAQ: RILY ) subsidiary has purchased a second portfolio of performing receivables from home-furnishing retailer W.S. Badcock Corporation, a subsidiary of Franchise Group Inc (NASDAQ: FRG ). Under terms of the agreement, an SPV majority owned by B. Riley has. Full story available on Benzinga.com.

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UK Antitrust Agency Orders Facebook Owner To Sell Giphy

Law 360 M&A

Britain's antitrust watchdog ordered Meta Platforms Inc. on Tuesday to sell Giphy, claiming that the $315 million acquisition by Facebook owner's of the online video service limits choice for social media users in the U.K. and would impair innovation in display advertising.

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Top 3 metaverse announcements that matter

Avanade

Avanade Metaverse Service Hub lead Patrik Löwendahl highlights what the latest metaverse announcements from Microsoft mean for clients and the future of work.

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Darling Ingredients Acquires Brazilian Collagen Producer Gelnex For $1.2B Cash

Benzinga

Darling Ingredients Inc (NYSE: DAR ) has entered into a definitive agreement to acquire all of the shares of collagen products producer Gelnex for $1.2 billion in cash. Gelnex, headquartered in Brazil with five facilities in South America and one in the U.S., exports to more than 60 countries worldwide and has 1,200 employees. Gelnex has the capacity to produce 46,000 metric tons of collagen products annually.

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Creating a Company Culture Built on Connections

N Contracts

The right technology can help employees achieve their full potential—including tools that facilitate virtual employee engagement. What does that look like?

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Complete Exit For Exxon From Russia, Microsoft's Layoffs, Another Setback For Boeing's Potential 737 MAX 7 Approval, Visa & Mastercard Under FTC Probe: Top Stories Tuesday, Oct. 18

Benzinga

Reuters. Exxon Exits Russia Completely After Putin Seizes Company's Properties. Exxon Mobil Corp (NYSE: XOM ) reportedly has made a complete exit from Russia after President Vladimir Putin expropriated its properties. Exxon's decision to leave Russia ultimately comes after seven months of discussions over an orderly transfer of its 30% stake in a major oil project.

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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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McKinsey supports global industry in driving decarbonization

Mckinsey and Company

At a B20 side event in Indonesia, “Technology and market innovation for decarbonization,” McKinsey’s Martin Santoso laid out the firm’s contributions.

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Eli Lilly Acquires Akouos For Over $450M To Accelerate Hearing Loss Gene Therapies

Benzinga

Big Pharma Eli Lilly And Co (NYSE: LLY ) has agreed to acquire Boston biotech Akouos Inc (NASDAQ: AKUS ) for a 78% premium over Monday’s closing price of $7.01. Lilly is paying $12.50 per share. Lilly is also shelling out one contingent value right (CVR) for up to $3 a share. The transaction. Full story available on Benzinga.com.

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Giga-scaling low-carbon batteries: A chat with Northvolt CEO Peter Carlsson

Mckinsey and Company

As global demand for low-carbon batteries accelerates, Northvolt’s CEO plans to scale a sustainable and profitable business at record speed.

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Hunton Andrews Kurth Strengthens Texas Energy Presence with Additions of Tax and Project Finance Attorneys Will Freeman and Alex Choinski

Benzinga

DALLAS and HOUSTON, Oct. 18, 2022 (GLOBE NEWSWIRE) -- Hunton Andrews Kurth LLP is pleased to welcome tax partner William Freeman and project finance counsel Alex Choinski. Freeman and Choinski, who join the firm from a prominent international energy company, are based in the firm's Dallas and Houston offices, respectively. "Will and Alex are highly regarded attorneys who add significant depth to our nationally recognized tax and project finance practices in Texas and whose experience advisi

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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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The McKinsey Crossword: U2 | No. 98

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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FTC Mulling Khan DQ From Meta-Within Merger Case

Law 360 M&A

Chair Lina Khan's ability to continue presiding over the Federal Trade Commission's challenge to Meta's acquisition of app developer Within Unlimited is now up to her fellow commissioners after the agency chief apparently refused to recuse herself, according to a court filing Monday.

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Building resilience in the face of rising inflation

Mckinsey and Company

Few chief executives have faced the challenge of leading a company through an inflationary spike like today’s. How can CEOs guide their management teams, employees, boards, and a wide range of external stakeholders through this period? Partner Mahima Chugh outlines the five levers companies can take to stay resilient amid volatility.

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Gambling Media Firm To Go Public Through SPAC Merger

Law 360 M&A

Canadian gambling media company Enteractive Media Inc. will go public by merging with special-purpose acquisition company Parsec Capital Acquisitions Group, the companies announced on Tuesday.

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Rupert Murdoch faces dubious investors in bid to reunite empire

Financial Times M&A

Merger of Fox and News Corp would build scale but ‘raises more questions than answers’

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What is the imperative for resilience in Asia?

Mckinsey and Company

Bob Sternfels, McKinsey’s Global Managing Partner, elaborates on the imperative for resilience in Asia and why it’ll be key for companies to thrive in this era of volatility.

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Activist Starboard urges Salesforce to lift margins after taking stake

Financial Times M&A

Investor attributes software group’s underperformance to ‘subpar mix of growth and profitability’

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A funny thing happened on the way to the tax deadline

Henry Horne

During tax season interactions, there are things that are just funny you cannot do anything but laugh about. They may be funny only to us, but we find them funny at a stressful time and it keeps us going. Thanks to the tax department for getting us through another round of tax returns with new … Keep Reading. The post A funny thing happened on the way to the tax deadline appeared first on Henry+Horne.

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New business building: A new priority for CEOs

Mckinsey and Company

Business leaders predict that by 2026, half of their revenues will come from products, services, or businesses that haven’t yet been created. Why is new business building emerging as a top priority for CEOs and companies? Partner Vivek Lath explains how new business building can help bridge that gap through sustainable, inclusive growth.

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Willkie Farr Taps Client's In-House Ranks To Add PE Partner

Law 360 M&A

Willkie Farr & Gallagher LLP has recruited the general counsel of its client Aquiline Capital Partners to its private equity practice group in New York, the firm announced Tuesday.

Equity 52
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How CEOs can thrive in volatility

Mckinsey and Company

The current combination of shocks has created perhaps the most challenging environment management teams have ever faced—and one that likely won’t change anytime soon. Entering an age of volatility, what can CEOs do to thrive? Senior Partner Richard Lee talks about why it’s important to play offense and defense at the same time.

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Calhoun Speaking at the Oklahoma AAML Chapter Financial Education Event

Auto Dealer Valuation Insights

Karolina Calhoun, CPA, ABV, CFF is the featured speaker at the October Financial Education & Networking Event hosted by the Oklahoma Chapter of the AAML on Friday, October 21, 2022 in Oklahoma City, Oklahoma. Karolina will present “Enterprise vs. Personal Goodwill in Business Valuations.” She will also participate on the panel “Best Practices & Ethical Considerations from the Perspective of Judges.

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How to Budget for Your College Education

Financial Analyst Insider

While it might seem like going to college after high school graduation is something everyone does, it is a privilege for many people, and taking. The post How to Budget for Your College Education appeared first on Financial Analyst Insider.

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New Payroll Tax Break for Some Manufacturers: See if You Qualify

Concannon Miller

Is your manufacturing company on the cutting edge? It's important to keep pace with the competition, especially if you're trying to carve out a niche in a new marketplace. Fortunately, federal tax law allows manufacturers to claim a generous tax credit for qualified research expenses. The credit generally offsets income tax liability on a dollar-for-dollar basis.

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LG Chem Scoops AVEO Oncology At 43% Premium

Benzinga

South Korea-based LG Chem Ltd has agreed to acquire AVEO Oncology Inc (NASDAQ: AVEO ) for $15.00 per share in an all-cash transaction with an implied equity value of $566 million on a fully diluted basis. The transaction price represents a 43% premium to AVEO's closing share price on October 17 and a 71% premium to its 30 trading day volume-weighted.

Equity 52
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Wachtell Lipton Discusses Cryptoassets and the SEC’s Mandate

Reynolds Holding

In recent months, the SEC has been the subject of intensifying criticism regarding its role in cryptoasset regulation. While some critiques properly raise questions and engage in constructive debate, others have resorted to shrill attacks that betray a reflexively adversarial position toward any agency involvement in the cryptoasset space. We continue to maintain that far greater regulatory clarity is indispensable to sustainable growth in the cryptoasset industry.

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Credit Suisse Puts Its US Asset Management Unit For Sale, Looks For Capital Infusion

Benzinga

Battered Credit Suisse Group AG (NYSE: CS ) recently launched a process to sell its U.S. asset management arm, dubbed Credit Suisse Asset Management (CSAM). The unit is expected to draw interest from private equity firms and other asset managers, said the source, who spoke anonymously to discuss private information. The source added that there was no guarantee of a sale, and Credit Suisse could ultimately retain the business.

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Litigation Minute: Avoiding Uncertainty in Material Adverse Effect Clauses

National Law Review M&A

Joseph F. Welborn, III Ruby A.

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VNET Shares Pop Over 11% As More Buyout Firms Weigh Takeover Offer

Benzinga

Buyout firms CDH Investments and PAG weighed bids for U.S.-listed Chinese data center company VNET Group, Inc (NASDAQ: VNET ). CDH and PAG separately explored financing and deal structures for a potential offer, Bloomberg reports. The investors could bid independently or form a consortium with other prospective bidders. In September, VNET bagged. Full story available on Benzinga.com.

Finance 52
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Three tell-tale signs of employee satisfaction

Vested

Googling "are my employees satisfied" kind of sounds like googling "how to know if my partner is cheating on me".

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