Thu.Feb 16, 2023

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2023 Global Logistics Industry Report

Benchmark Report

The global freight & logistics market is forecast to grow to $18.69 billion by 2026 at a compound annual growth rate (CAGR) of 4.4%. When looking solely at logistics, the global logistics market is expected to reach $6.55 trillion by 2027, growing at a CAGR of 4.7% between 2022 and 2027.

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2022 Silicon Valley 150 Corporate Governance Report

Harvard Corporate Governance

Posted by Richard Blake, Courtney Mathes and Barbara Novak, Wilson Sonsini Goodrich & Rosati, on Thursday, February 16, 2023 Editor's Note: Richard Blake is a Partner, Courtney Mathes and Barbara Novak are Associates at Wilson Sonsini Goodrich & Rosati. This post is based on a WSGR memorandum by Mr. Blake, Ms. Mathes, Ms. Novak, Jose Macias and Jason Chan.

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IRS Issues 2022 Versions of Publications 502 and 503 for Medical and Dependent Care Expenses

ThomsonReuters

IRS Publication 502 (Medical and Dental Expenses (for 2022 Returns)); IRS Publication 503 (Child and Dependent Care Expenses (for 2022 Returns)) Publication 502 Publication 503 The IRS has released updated versions of Publications 502 and 503 for the 2022 tax year. Publication 502 describes the medical expenses that are deductible by taxpayers on their 2022 federal income tax returns.

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Why Do Large Positive Non-GAAP Earnings Adjustments Predict Abnormally High CEO Pay?

Harvard Corporate Governance

Posted by Nicholas Guest (Cornell University), S.P. Kothari (Massachusetts Institute of Technology), and Robert Pozen (Massachusetts Institute of Technology), on Thursday, February 16, 2023 Editor's Note: Nicholas Guest is an Assistant Professor of Accounting at Cornell’s Johnson Graduate School of Management; S.P. Kothari is the Gordon Y Billard Professor of Accounting and Finance at MIT’s Sloan School of Management; and Robert Pozen is a Senior Lecturer at MIT Sloan School of Management and a

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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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IIA Gives Sneak Peek at Overhaul to Its Professional Standards

Internal Audit 360

I n a “special issue” of its Global Perspectives and Insights newsletter the Institute of Internal Auditors provided an early view of the changes it is considering to its professional practice standards, which govern how it expects its members to act as they conduct their work as internal auditors. In 2020, the IIA embarked on a project, headed by its International Internal Audit Standards Board, to completely overhaul its professional practice standards.

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Sullivan & Cromwell, Ropes Rep BP's $1.3B TravelCenters Buy

Law 360 M&A

BP, led by Sullivan & Cromwell LLP, will acquire travel centers and truck stop chain TravelCenters of America Inc., represented by Ropes & Gray LLP, for $1.3 billion, the companies announced Thursday.

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More Trending

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Deals Rumor Mill: Reddit, Manchester U, Kroger-Albertsons

Law 360 M&A

Reddit is planning an IPO later this year, Qatari investors plan to bid on soccer club Manchester United, and supermarket chains Kroger and Albertsons plan to sell stores in hopes of easing antitrust concerns over their proposed merger. Here, Law360 breaks down these and other deal rumors from the past week that you need to be aware of.

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Band Of Coders Expands Services With Toolbox No. 9 Acquisition, Bolsters UX/UI Design Capabilities

Benzinga

Software development agency Band of Coders agreed to acquire design agency Toolbox No. 9. The combined entity is expected to offer a more comprehensive range of services to both new and existing clients. Atlanta-based Toolbox No. 9, which specializes in UX/UI design and development for digital products, will continue to provide its existing services under the Toolbox brand.

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Author Talks: The world’s longest study of adult development finds the key to happy living

Mckinsey and Company

Harvard study director Robert Waldinger provides the data-backed answer to what makes people live happier and longer lives and shares the choices anyone can make to start feeling more fulfilled right now.

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Two Cheers for an ‘Evolved’ Beltway Entrepreneur… David Bunton

Appraisers Blog

We come not to bury David Bunton, the public figure, but to praise David Bunton, the evolved Beltway organism. Who is David Bunton? Bunton has made a small fortune and canvassed the world at the helm of a 16-employee Washington, D.C., nonprofit that publishes a copyrighted code of conduct. The code gives his tiny fiefdom a big say in how collateral in the nation’s $11 trillion mortgage market is valued.

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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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Adani halts $847mn acquisition of coal-fired power plant in India

Financial Times M&A

Decision is sign of spending slowdown by conglomerate in wake of short seller attack

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TravelCenters of America to be Acquired by BP for $86.00 Per Share, or Approximately $1.3 Billion

Business Wire M&A

WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA), the nationwide operator and franchisor of the TA, Petro Stopping Centers and TA Express travel center brands, today announced that it has entered into a merger agreement with BP p.l.c. (NYSE: BP), pursuant to which BP will acquire all of the outstanding shares of TA common stock for $86.00 per share in cash.

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China’s top tech dealmaker Bao Fan goes missing

Financial Times M&A

Investment bank China Renaissance says it has been unable to contact its founder

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Spacelabs Healthcare Expands Clinical Informatics Capabilities with Acquisition of Predictive Analytics Company PeraHealth

Business Wire M&A

SNOQUALMIE, Wash.--(BUSINESS WIRE)-- #spacelabs--Spacelabs Healthcare today announced that it has acquired predictive analytics company PeraHealth. Founded in 2010, PeraHealth develops predictive enterprise software based on the Rothman Index, a score to quantify patient acuity. PeraHealth’s solutions alert clinicians to patient deterioration, helping to reduce in-hospital mortality, unplanned transfers to the ICU, and to drive more timely palliative care consults.

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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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8 Steps To Improve The Perception Of In-House Legal Counsel

Law 360 M&A

With the pandemic paving the way for a reputational shift in favor of in-house corporate legal teams, there are proactive steps that legal departments can take to fully rebrand themselves as strong allies and generators of value, says Allison Rosner at Major Lindsey.

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Benson Marketing Group Acquired by The Brand Leader

Business Wire M&A

GREENVILLE, S.C.--(BUSINESS WIRE)--Benson Marketing Group, a leading wine and spirits marketing agency, has been acquired by — and is now a division of — The Brand Leader (TBL), a brand-first creative agency specializing in advertising, branding, and design. The Benson team, including Jeremy Benson, continues in its role serving top wine and spirits clients in the U.S., Canada, and abroad from its office in New York.

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Debt Capital Markets Show Signs Of Thawing In Early 2023

Law 360 M&A

Coming off a frigid year that chilled corporate borrowing, debt markets are beginning to thaw early in 2023 as more companies refresh their balance sheets or pay for acquisitions, a development that capital markets attorneys are following.

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Life Storage Board of Directors Unanimously Rejects Unsolicited Proposal from Public Storage

Business Wire M&A

BUFFALO, N.Y.--(BUSINESS WIRE) - $LSI #LSI--Life Storage announces Board of Directors unanimous rejection of Public Storage Unsolicited Proposal. The Company operates over 1,100 facilities.

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Microsoft Says Sony Docs At 'Heart' Of FTC Activision Case

Law 360 M&A

Microsoft's fight for documents from Sony's digital entertainment arm continues to escalate as Microsoft tries to defend against a Federal Trade Commission challenge to its planned $68.7 billion acquisition of Activision, a challenge the software giant argues "almost exclusively" parrots Sony complaints about the deal.

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Global Insurance Report 2023: Expanding commercial P&C’s market relevance

Mckinsey and Company

The nature of risk is evolving faster than ever. Commercial carriers must step up to fulfill the societal desire for resilience in a volatile world by closing protection gaps—or risk losing relevance.

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HHS Suspends Surprise Medical Billing IDR Payment Determinations

ThomsonReuters

CMS Notice: Payment Disputes Between Providers and Health Plans (Feb. 10, 2023) Available at [link] In response to the federal trial court decision vacating portions of the final regulations on the surprise billing independent dispute resolution (IDR) process (see our Checkpoint article ), HHS’s Centers for Medicare & Medicaid Services (CMS) has directed certified IDR entities not to issue new payment determinations until they receive further guidance from the agencies.

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BTS agency Hybe in battle of the K-pop bands with Kakao

Financial Times M&A

South Korean media rivals compete for control of SM Entertainment agency

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Dechert Hires 2 More Antitrust Attys From Orrick In Calif., UK

Law 360 M&A

Dechert LLP said on Thursday that it has brought on two more antitrust experts from Orrick Herrington & Sutcliffe LLP in London and San Francisco, after hiring a team of three attorneys from Orrick earlier in February.

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How to Attack your Operating and Business Expenses with a Fractional CFO

Redpath

Staffing continues to be a challenge across industries, including accounting. Even if you wanted to hire a full-time CFO, executive search firm 180one warns, “The bad news is that at this point that supply is dwindling and there are fewer truly experienced modern CFOs to meet the continually rising demand for their services.

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LOV(E): What Are the “Levels of Value” and Why Does It Matter to Auto Dealers?

Auto Dealer Valuation Insights

In the spirit of Valentine’s Day, we are covering a topic near and dear to the hearts of business valuation analysts. LOV – or “Levels of value” – refers to the idea that while “price” and “value” may be synonymous, they don’t quite mean the same thing. This week, we reshare a prior post (originally published in February 2021) that is still relevant today.

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Syncware to Invest in Software Enhancements Following a Year of Major CX Transformation

Lighter Capital

Syncware is making it easy for its consumer product brand customers to scale. Saving customers millions of hours and dollars that would have been wasted on manual order processing, the B2B SaaS startup helped automate commerce operations resulting in 4.2 million orders of $1.1 billion of gross merchandise value. , Gregg Greenberg , who was previously Co-CEO of Sok-it and a customer of Syncware, saw the company’s potential and acquired it in early 2022.

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Smart Tips For Protecting Your Rights When Starting A Business

Financial Analyst Insider

When you decide to start a new business, there are a lot of important things to think about. Naturally, you will be focusing on your The post Smart Tips For Protecting Your Rights When Starting A Business appeared first on Financial Analyst Insider.

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MCS Broadens Commercial Property Service Offerings With Acquisition of Chain Store Maintenance

Business Wire M&A

LEWISVILLE, Texas--(BUSINESS WIRE)--MCS (or the “Company”), the national property services Company founded in 1986, announced today it has acquired industry-leading commercial facilities services firm Chain Store Maintenance (“CSM”). MCS’s interior commercial facility services platform will be marketed as Chain Store Maintenance - an MCS Company, offering the core interior maintenance services that CSM is known for.

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Banking trends: Talent Troubles and Core Challenges

N Contracts

Conference season is upon us once again! As always, I’ll be sharing insights from my travels, giving you a peek at the hottest topics, most noteworthy speakers, and what your peers are talking about.

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Cherokee Nation Businesses Completes Acquisition of Gold Strike Casino Resort

Business Wire M&A

TUNICA, Miss.--(BUSINESS WIRE)--CNE Gaming Holdings LLC, an indirect subsidiary of Cherokee Nation Businesses, officially assumed operations of Gold Strike Casino Resort after receiving approval from the Mississippi Gaming Commission. “This is a historic day of growth for our hospitality portfolio as we enter the commercial gaming industry, and we welcome the wonderful team at Gold Strike to the family,” said Mark Fulton, president and chief operating officer of Cherokee Nation Entertainment.

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Nine Mile Metals Acquires the Wedge Project Including the Wedge Copper Deposit Project

Benzinga

VANCOUVER, British Columbia, Feb. 16, 2023 (GLOBE NEWSWIRE) -- 2023, NINE MILE METALS LTD. (CSE: NINE , OTCQB: VMSXF , FSE: KQ9)) (the " Company " or " Nine Mile "), is pleased to announce it has entered into a Mineral Property Option Agreement dated February 9, 2023 (the " Agreement ") to acquire a 100% interest in the Wedge Project from Slam Exploration Ltd. (" SLAM ").

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Deep Field Asset Management LLC Highlights Lack of Impartial Shareholder Support and Flaws with Fairness Opinion in Proposed Ritchie Bros. Merger with IAA

Business Wire M&A

LOS ANGELES--(BUSINESS WIRE)--Deep Field Asset Management, LLC (“DFAM”), a California-based investment adviser of funds that beneficially own 200,000 shares of Ritchie Bros. Auctioneers (“RBA”, or the “Company”), today issued its second letter urging RBA shareholders to reject RBA’s ill-conceived merger with IAA Inc. (“IAA”).

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Teck Resources Plans Coal Spinoff, Potentially Making It Attractive M&A Target

Benzinga

Teck Resources Limited (NYSE: TECK ) has confirmed that it is evaluating alternatives for its steelmaking coal business, including the possible spin-out of interest in that business to its shareholders. No decision has been reached to proceed with a transaction, and there can be no assurances that any transaction will eventuate. According to a Bloomberg report , Teck Resources has been weighing options for its coal division since September 2021 in.

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What Are the Temporary Reporting Requirements for Air Ambulance Services, and When Do They Apply?

ThomsonReuters

QUESTION: We’ve heard that there are temporary reporting requirements to address surprise air ambulance bills. What are the requirements, and when do they apply? ANSWER: Legislation addressing patient protections related to surprise air ambulance bills from nonparticipating providers requires group health plans and insurers to submit information about the air ambulance services they cover during two calendar years (see our article).

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