April, 2024

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Kroger, Albertsons Say FTC Distorts Markets In Merger Case

Law 360 M&A

Kroger and Albertsons told an Oregon federal court to reject a pending merger challenge by the Federal Trade Commission and a group of states, saying it distorts the competitive landscape for the grocery and labor markets.

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Women in the boardroom

Harvard Corporate Governance

Posted by Kevin Tracey, Karen Edelman, and Karen Bowman, Deloitte Touche Tohmatsu Limited, on Wednesday, April 3, 2024 Editor's Note: Kevin Tracey is Leader of the Global Boardroom Program, Karen Edelman is Senior Editor, and Karen Bowman is US Automotive Leader, Global CXO Program Leader, and Member of the Board of Directors at Deloitte Touche Tohmatsu Limited.

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Steady progress in approaching the quantum advantage

Mckinsey and Company

Quantum technology could create value worth trillions of dollars within the next decade. The third annual Quantum Technology Monitor synthesizes the latest opportunities in this burgeoning field.

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Saudi Arabia Near Deal For Stake In Gold, Copper Mine Project In Pakistan's Troubled Province

Benzinga

Saudi Arabia's Manara Minerals is reportedly in advanced talks to acquire a minority stake in Pakistan’s Reko Diq gold and copper mine project. The project, located in the commodity-rich province of Balochistan , is on track to start production by 2028. According to Bloomberg and the state-run Radio Pakistan, the official announcement could come within a few weeks.

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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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Sony in Talks to Join a Bid to Buy Paramount

NYT M&A

The company and Apollo Global Management are discussing a joint effort, even as Paramount conducts exclusive merger negotiations with Skydance.

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2024 Q2 Tax Calendar: Key Deadlines for Businesses and Employers

Machen McChesney

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2024. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements.

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More Trending

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Climate Action 100+ Departures Put Proxy Voting in the Spotlight

Harvard Corporate Governance

Posted by Lindsey Stewart, Morningstar, Inc, on Sunday, April 28, 2024 Editor's Note: Lindsey Stewart is Director of Investment Stewardship Research at Morningstar, Inc. This post is based on a Morningstar memorandum by Mr. Stewart and River Meng. Key Takeaways Manager Exits Grab Headlines Ahead of Proxy Season Five US asset managers recently decided to exit or amend their participation in the Climate Action 100+ engagement initiative.

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Global Economics Intelligence executive summary, March 2024

Mckinsey and Company

Consumption continues to be resilient, except in Europe; central banks hold interest rates steady due to ongoing inflation risk; business survey respondents show increased confidence in economy.

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Curaleaf Boosts International Presence With Another Cannabis Acquisition

Benzinga

Cannabis giant Curaleaf Holdings, Inc. (TSX: CURA ) (OTCQX: CURLF ) is closing its previously announced acquisition of Northern Green Canada, a vertically integrated Canadian licensed cannabis producer focused primarily on expanding in the international market through its EU-GMP certification. Terms of the acquisition of NGC include an initial payment at closing of the company’s subordinate voting shares valued at approximately $16 million, subject to a typical post-closing adjustment.

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‘Thunder Run’: Behind Lawmakers’ Secretive Push to Pass the TikTok Bill

NYT M&A

A tiny group of lawmakers huddled in private about a year ago, aiming to keep the discussions away from TikTok lobbyists while bulletproofing a bill that could ban the app.

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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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Don't Have a Tax-Favored Retirement Plan? Set One up Now.

Machen McChesney

If your business doesn’t already have a retirement plan, it might be a good time to take the plunge. Current retirement plan rules allow for significant tax-deductible contributions.

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The Ohtani scandal: A look into the IRS investigation

ThomsonReuters

Jump to: The allegations The IRS investigation Ohtani’s response Implications for Ohtani and the Dodgers Broader impact on professional sports Uncovering the truth The Internal Revenue Service (IRS) launched an investigation into the financial scandal involving Shohei Ohtani, the star player for the Los Angeles Dodgers. The probe centers around Ohtani’s former interpreter, Ippei Mizuhara, who has been accused of illegal sports gambling and significant financial theft.

Banking 105
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Comparing the SEC Climate Rules to California, EU and ISSB Disclosure Frameworks

Harvard Corporate Governance

Posted by Emma Bichet, Michael Mencher, Beth Sasfai, Cooley LLP, on Monday, April 15, 2024 Editor's Note: Emma Bichet and Michael Mencher are Special Counsels and Beth Sasfai is a Partner at Cooley LLP. This post is based on a Cooley memorandum by Ms. Bichet, Mr. Mencher, Ms. Sasfai, Jack Eastwood , and Charlotte Yin. The Securities and Exchange Commission (SEC) adopted its long-awaited climate disclosure rules on March 6, 2024.

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Why strategists should embrace imperfection

Mckinsey and Company

In a world of rapid change, looking for certainty can obscure opportunity. Taking smaller yet bold steps provides a more sure-footed path through uncertainty.

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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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MariMed Is On A Roll: Partners With Two Iconic Music Venues In Boston, Acquires Another Illinois Cannabis Dispensary

Benzinga

Multi-state marijuana operator MariMed Inc. (CSE: MRMD ) (OTCQX: MRMD ) has closed the acquisition of Allgreens Dispensary, LLC on Tuesday, April 9, its fifth dispensary in Illinois. The Massachusetts-based company said the green light from the Illinois Department of Financial & Professional Regulation for the acquisition allows MariMed to fully consolidate the financial results of the company's Thrive-branded dispensary in Casey, Illinois.

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Biden Signs TikTok Ban Bill Into Law. Here’s What Happens Next.

NYT M&A

President Biden has signed the bill to force a sale of the video app or ban it. Now the law faces court challenges, a shortage of qualified buyers and Beijing’s hostility.

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Monitoring Your Employees' Productivity

Machen McChesney

Worker productivity has been in the headlines recently. One reason is the easy access employers have to the many technologies that can monitor employees — from software that tracks when an employee swipes their badge at work to software that notes how long someone is at their computer and what they do while they are there. Another is a certain manifesting distrust of workers, particularly the increased numbers of remote workers.

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TPRM 101: What is Vendor Monitoring for Financial Institutions?

N Contracts

Vendors make promises. They say they’ll comply with applicable laws and regulations and that their security controls are impenetrable. They swear they’ll never violate the terms of their contract. But is that really what’s going to happen?

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“ES” Versus “G” in Corporate Governance: You Can’t Have It All

Harvard Corporate Governance

Posted by Patrick Corrigan (University of Notre Dame), on Tuesday, April 23, 2024 Editor's Note: Patrick Corrigan is an Associate Professor of Law at the University of Notre Dame Law School. This post is based on his working paper. The environmental, social, and governance (ESG) moniker implies a coherence between corporate social responsibility and corporate governance.

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Consumers rule: Driving healthcare growth with a consumer-led strategy

Mckinsey and Company

Consumers are increasingly discerning about where, how, and from whom they receive healthcare. Healthcare can learn from other industries how to provide an optimal end-to-end consumer experience.

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Copper Is A Hot Commodity: Bidding War for Anglo American May Emerge After BHP's 'Low Ball' Offer — 'Let The Games Begin'

Benzinga

Australian multinational miner BHP Group 's (NYSE: BHP ) nearly $40 billion bid for rival Anglo American (OTC: NGLOY) may not be enough to acquire the company as other diversified miners will probably make rival bids amid the global scramble for copper assets. After completing a $6.4 billion takeover of Australian copper producer OZ Minerals last year, BHP is doubling down on the red metal amid widespread expectations that demand will greatly increase in coming years as the global economy t

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In Silicon Valley, You Can Be Worth Billions and It’s Not Enough

NYT M&A

Andreas Bechtolsheim, the first investor in Google, has an estimated $16 billion fortune. He recently settled charges that he engaged in insider trading for a profit of $415,726.

Start-ups 101
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ESG Audits: Navigating New Frontiers in Corporate Responsibility

Machen McChesney

Reporting on environmental, social, and governance (ESG) matters is an increasingly crucial area of corporate compliance. While ESG reporting and disclosure apply primarily to public companies, there are efforts aimed at requiring private companies to also report on these matters. For example, the European Union’s Corporate Sustainability Reporting Directive requires private organizations that meet specific criteria to publish social and environmental risks and their impacts.

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New retirement plan distribution options introduced by SECURE 2.0

LaPorte

(authored by RSM US LLP) SECURE 2.0 provides new opportunities for plan participants to take retirement distributions without incurring early withdrawal penalties. The post New retirement plan distribution options introduced by SECURE 2.0 first appeared on LaPorte.

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Cybersecurity, audit, and the board: How does board oversight impact cybersecurity performance?

Harvard Corporate Governance

Posted by Edna Twumwaa Frimpong and Dottie Schindlinger, Diligent Institute, and Derek Vadala, Bitsight, on Tuesday, April 16, 2024 Editor's Note: Edna Twumwaa Frimpong is Director of International Research and Dottie Schindlinger is Executive Director at Diligent Institute; and Derek Vadala is Chief Risk Officer at Bitsight. This post is based on a recent report by Ms.

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Driving long-term business transformation

Mckinsey and Company

What it takes to get transformation right, setting a company up to operate better today and handle disruption and change tomorrow with energized, creative employees.

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EXCLUSIVE: Why This Uranium Bull Market Is Different — 'We've Really Got To Start Developing Mines,' Says Madison Metals CEO

Benzinga

Uranium prices have more support now than they did when the nuclear fuel hit its all-time high in 2007, according to the chief executive of uranium explorer Madison Metals Inc. (OTC: MMTLF ). Back then, when uranium reached a record high above $130 per pound, physical supply was tight because of flooding at two major mines, falling recoveries from old nuclear warheads, expectations of a nuclear renaissance and the launch of uranium futures in New York.

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Law360 Reveals Titans Of The Plaintiffs Bar

Law 360 M&A

In the past year, plaintiffs have won settlements and judgments for millions and billions of dollars from companies such as Wells Fargo, Goldman Sachs, Facebook and Fox News, with many high-profile cases finally wrapping up after years of fighting. Such cases — involving over-the-top compensation packages, chemical contamination, gender discrimination and data mining — were led by attorneys whose accomplishments earned them recognition as Law360's Titans of the Plaintiffs Bar for 2024.

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Auditing WIP Today

Machen McChesney

External auditors spend a lot of time during fieldwork evaluating how businesses report work-in-progress (WIP) inventory. Here’s why this warrants special attention and how auditors evaluate whether WIP estimates seem reasonable.

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Comment on Leaving the Appraisal Profession by Flash

Appraisers Blog

In reply to Commercial Appraiser. Most Commercial Appraisers I know hardly ever use government approved appraisal forms. Their reports are Narrative Reports created and written reports. So where are the technological advancement and invocation in Commercial Appraisal work other than a digital measuring device verses a measuring tape that I still use today to meet ANSI Standards?

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The Limits of Individual Prosecutions in Deterring Corporate Fraud

Harvard Corporate Governance

Posted by Samuel Buell (Duke University School of Law), on Wednesday, April 24, 2024 Editor's Note: Samuel Bell is Bernard M. Fishman Distinguished Professor of Law at the Duke University School of Law. This post is based on his article forthcoming in the Wake Forest Law Review. One must search long and hard to find an academic, journalist, politician, or citizen who does not believe that the best tool for deterring corporate crime is criminal prosecution of individual employees, especially mana

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The critical role of commodity trading in times of uncertainty

Mckinsey and Company

As increased commodity trading value pools attract new competition, successful players will differentiate by managing illiquid risks and embracing data-driven trading models.

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Paramount, Skydance Deal Could Be 'Home Run' For Shari Redstone, Loss For Shareholders, Investor Warns

Benzinga

A potential merger between media companies Skydance and Paramount Global (NASDAQ: PARA )(NASDAQ: PARAA ) has dominated headlines and could see further consolidation in the media sector. One shareholder of Paramount Global is calling out the merger efforts, which could provide cash to Shari Redstone and leave Paramount shareholders with a diluted value.

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Ex-BP Manager Charged With TravelCenters Insider Trading

Law 360 M&A

A former senior manager at BP PLC on Friday became the second person accused by the U.S. Department of Justice and the U.S. Securities and Exchange Commission of engaging in insider trading over the British oil and gas company's $1.3 billion planned acquisition of TravelCenters of America Inc.

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