Tue.Oct 11, 2022

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Green Energy Depends on Critical Minerals. Who Controls the Supply Chains?

Harvard Corporate Governance

Posted by Adnan Mazarei (Peterson Institute for International Economics), on Tuesday, October 11, 2022 Editor's Note: Adnan Mazarei is a nonresident senior fellow at the Peterson Institute for International Economics. This post is based on a recent paper by Mr. Mazarei, Luc Leruth , a visiting resident scholar at the International School of Economics at Tbilisi University and associate researcher at the University of Clermont-Ferrand, Pierre Régibeau, chief competition economist in DG Competitio

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The scaling imperative for industry 4.0

Mckinsey and Company

Global Lighthouse Network organizations continue to light the way in the Fourth Industrial Revolution. To keep up, companies must now scale technologies across sites and value chains.

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Voluntary ESG “Materiality” Assessments — Legal Considerations and Dos and Don’ts

Harvard Corporate Governance

Posted by Paul A. Davies, Sarah E. Fortt, and Betty M. Huber, Latham & Watkins LLP, on Tuesday, October 11, 2022 Editor's Note: Paul A. Davies , Sarah E. Fortt , and Betty M. Huber are partners and Global Co-Chairs of Latham & Watkins’ Environmental, Social, and Governance practice. This post is based on a Latham memorandum by Mr. Davies, Ms.

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Wells Fargo Workers Went on Appraisal-Fraud Bender

Appraisers Blog

Loan officers at Wells Fargo altered values in the bank’s database, so loans would qualify for so-called appraisal waivers… It feels like Ground Hog Day all over again. Who can forget the Wells Fargo banker who, stressed from opening fraudulent accounts in the name of hapless depositors, had begun guzzling hand sanitizer? That was in 2016. New revelations from the nation’s second-largest mortgage lender will make the U.S. taxpayer want to take a good long pull on the nearest bottle of hand wash.

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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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Private Company Board Compensation and Governance

Harvard Corporate Governance

Posted by Susan Schroeder, Bertha Masuda, and Bonnie Schindler, Compensation Advisory Partners, on Tuesday, October 11, 2022 Editor's Note: Susan Schroeder and Bertha Masuda are partners and Bonnie Schindler is principal at Compensation Advisory Partners. This post is based on a CAP report by Ms. Schroeder, Ms. Masuda, Ms. Schindler, Mr. Evans and Mr.

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Analysis: Why Elon Musk Should Run — Not Walk — Away From Twitter Deal

Benzinga

Even the richest person in the world makes a few mistakes. Similar to being in the markets, sometimes it is better to cut your losses and move on than to add on to a losing position. Unfortunately for Elon Musk and his wayward attempt to purchase Twitter Inc (NYSE: TWTR ), there is no easy way out that is not going to be extremely costly. This article lays out some reasons why it may be better for him (and Tesla shareholders) to walk away from the deal and pay the piper.

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'I Hope Musk Cleans Up Twitter:' Jamie Dimon Backs Tesla CEO's Acquisition Bid

Benzinga

JPMorgan Chase & Co. ’s (NYSE: JPM ) Jamie Dimon backed Elon Musk’s efforts to take over Twitter Inc. (NYSE: TWTR ) on the pretext that the latter can solve the bot issue at the social media platform. What Happened: “I hope Musk cleans up Twitter,” Dimon said in an interview at the JPM Techstars conference in London, reported CNBC.

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You Can’t Audit That!

Internal Audit 360

GUEST BLOG. [dropcap]O[/dropcap]ver my long career, I have often heard, in one form or another, the phrase: “You just can’t audit that!”. The first time I heard it came when I was an internal audit manager for a financial institution. The senior vice president for human resources said she was a big supporter of internal audit, but my team and I couldn’t audit her area.

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Making product inclusion and equity a core part of tech

Mckinsey and Company

Annie Jean-Baptiste, the head of product inclusion and equity at Google, talks about how and why the tech giant works to incorporate DE&I and belonging into every aspect of the development process and what others can do to make the same shift.

Equity 95
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As Hospitals Close Children’s Units, Where Does That Leave Lachlan?

NYT M&A

Adult beds are more lucrative than children’s beds. So as institutions look to boost profit margins, pediatrics are often among the first services to be cut.

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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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Global Economics Intelligence executive summary, September 2022

Mckinsey and Company

Central banks sustain aggressive policy tightening; industrial activity picks up in emerging economies; financial-markets uncertainty works to strengthen the dollar.

Banking 97
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What Local Transportation Costs Can Your Business Deduct?

Machen McChesney

You and your small business are likely to incur a variety of local transportation costs each year. There are various tax implications for these expenses.

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Packable Cleared For Ch. 11 Restructuring Officer Hires

Law 360 M&A

E-commerce venture Packable Holdings received permission to hire a chief restructuring officer and associated staff Tuesday after telling a Delaware bankruptcy judge it had reached an agreement on the hire with its unsecured creditors.

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Diamondback Energy, Inc. Announces Midland Basin Acquisition

Benzinga

MIDLAND, Texas, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG ) ("Diamondback" or "the Company") today announced that it has entered into a definitive purchase agreement to acquire all leasehold interest and related assets of FireBird Energy LLC ("FireBird") in exchange for 5.86 million shares of Diamondback common stock and $775 million of cash.

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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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How the European biotech sector can navigate turbulent times

Mckinsey and Company

The recent market downturn has affected biotechs worldwide. But the fundamentals are still strong in Europe, where companies have an opportunity to lead the next phase of bioscience innovation.

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Twitter Investor Says Musk Intentionally Tanked Its Stock Price

Law 360 M&A

Twitter investors have hit Elon Musk with a putative securities class action over his oscillating approach to the $44 billion purchase of Twitter, an ordeal that one stockholder characterized as a ploy designed to drive down Twitter's stock price.

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Reimagining the future of biopharma manufacturing

Mckinsey and Company

Leveraging digital and analytics advances can unlock significant value for biopharma companies through gains in quality, speed, agility, and resilience.

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Challenges and solutions for restaurant growth

Henry Horne

Whether you define growth as increasing the number of restaurant locations, or just upping your service game at the locations you have, growing your restaurant business comes with unique challenges. Here are some common challenges to restaurant growth and tips to overcoming them. Challenges to restaurant financing Chief among these unique challenges to restaurant growth … Keep Reading.

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Benchmark International Facilitated The Transaction Between Bone Daddy’s, Inc. And The Island Spot

Benchmark Report

Benchmark International has successfully facilitated a transaction between Bone Daddy’s, a Texas barbeque joint, and The Island Spot, a Jamaican restaurant with multiple locations.

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You Can’t Audit That!

Internal Audit 360

GUEST BLOG. O ver my long career, I have often heard, in one form or another, the phrase: “You just can’t audit that!”. The first time I heard it came when I was an internal audit manager for a financial institution. The senior vice president for human resources said she was a big supporter of internal audit, but my team and I couldn’t audit her area.

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Brown Rudnick Grows In Boston With Tax Partner Hire

Law 360 M&A

Brown Rudnick LLP announced that it hired a former Burns & Levinson LLP tax attorney with in-house experience in the software and aerospace industries as a partner in its Boston office.

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Cash Flow Management for Construction: 9 Strategies to Consider

Concannon Miller

Construction business owners know that cash is king. However, managing cash flow in an industry known for its ebbs and flows isn't easy. And when you throw in the steady rise of inflation and ongoing supply chain issues, cash-flow management has become more important than ever.

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How The US Merger Enforcement Playbook Is Evolving

Law 360 M&A

Haynes and Boone attorneys examine recent heightened merger scrutiny and what it means for potential merger parties, parsing recent case developments as well as congressional testimony and speeches by leaders of the federal antitrust agencies.

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Arizona fire districts and Proposition 310

Henry Horne

Everyone knows that November is election month. You are probably tired of seeing campaign commercial after campaign commercial for months now. Aside from voting for people, there are ten propositions Arizona will get to weigh in on during the upcoming elections. One of them being Proposition 310, which would levy a sales tax to crease … Keep Reading.

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Bassett Furniture Shares Surge On Buyout Proposal At 27% Premium

Benzinga

CSC Generation Holdings Inc has made public its proposal to acquire 100% of the outstanding shares of Bassett Furniture Industries Inc (NASDAQ: BSET ) for $21 per share. The proposal represents a. Full story available on Benzinga.com.

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IRS issues with the Employee Retention Credit

Henry Horne

Last August the Inspector General for Tax Administration issued a report to the Commissioner of Internal Revenue addressing delays resulting in businesses not receiving pandemic relief benefits. The final audit report assessed the IRS’s processes and procedures to ensure the accuracy and validity of 2019 COVID related employer tax credits, including the Employee Retention Credit … Keep Reading.

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OneWater Marine Acquires Harbor View Marine To Expand Gulf Coast Presence

Benzinga

OneWater Marine Inc (NASDAQ: ONEW ) has signed a definitive agreement to acquire Harbor View Marine , one of the Gulf Coast's largest locally owned dealerships. The financial terms were not disclosed. Harbor View Marine is a family-owned and operated business offering brands such as NauticStar, Jeanneau, G3, and Bayliner. The acquisition will further expand the.

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Flexjet Hopes To Fly To Public Markets Via $3.1B SPAC Merger

Law 360 M&A

Aviation firm Flexjet Inc. and special-purpose acquisition company Horizon Acquisition Corp. II said Tuesday they have agreed to a merger that will take Flexjet public at a value of $3.1 billion, a transaction guided by four law firms.

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Walgreens Boots Alliance Takes Full Control Of CareCentrix

Benzinga

Retail pharmacy chain Walgreens Boots Alliance Inc (NASDAQ: WBA ) has agreed to acquire the remaining 45% stake in CareCentrix for $392 million. CareCentrix provides care coordination and outsourced benefit management services for the home care industry. WBA's 55% majority investment in the company closed on August 31, 2022. "We continue to see strong results and potential for growth from.

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Staff Accountant Rebecca Kutz Earns CPA Designation

Trout CPA

Trout CPA is pleased to announce that Staff Accountant Rebecca Kutz has earned the designation of Certified Public Accountant (CPA). This prestigious certification indicates Becky has completed the necessary education and experience requirements and has passed the Certified Public Accountant examination.

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September 2022 SAAR

Auto Dealer Valuation Insights

The September SAAR was 13.5 million units, up 2.3% from last month and up 9.6% from September 2021, when the industry had less than one million vehicles available for sale. While this month’s SAAR highlights a year-over-year improvement and gives us context around how low inventory managed to fall in 2021, this month’s data release does not indicate a “return to normal” by any means.

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Exxon Mobil Shows Initial Interest In Denbury Takeover

Benzinga

Exxon Mobil Corp (NYSE: XOM ) has expressed preliminary interest in Denbury Inc (NYSE: DEN ). No final decision has been made, and Exxon could opt against proceeding with a potential deal. If it goes through, it would be the biggest carbon-management investment since the Inflation Reduction Act was passed in August, Bloomberg reported, providing significant tax incentives for burying carbon dioxide.

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FCF Bank Monitor – Q3 2022 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Bank Monitor – Q3 2022”. FCF regularly engages in research on the banking sector based on available data from the most active and. Read more. The post FCF Bank Monitor – Q3 2022 published appeared first on FCF Fox Corporate Finance GmbH.

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Andersons Expands Retail Farm Center Network Via Mote Farm Service Acquisition

Benzinga

Plant nutrient producer Andersons Inc (NASDAQ: ANDE ) has signed an agreement to purchase the assets of Mote Farm Service Inc. The financial details of the transaction were. Full story available on Benzinga.com.

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