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Thames Water Faces Scrutiny Over £1 Million Payout to Finance Boss
BusinessBBCThe GuardianSCMP+1The Independent2h ago4 sources

Thames Water Faces Scrutiny Over £1 Million Payout to Finance Boss

Thames Water is facing criticism and a row over a £1 million signing-on fee paid to its finance boss, despite the company's massive debt and ongoing financial crisis. This payout has sparked public and media outrage given the firm's troubled state.

Paul Weiss Law Firm's Shift from Trump Resistance to Capitulation
PoliticsNYT8d ago

Paul Weiss Law Firm's Shift from Trump Resistance to Capitulation

The law firm Paul Weiss, once a progressive stalwart and a leader in the legal resistance against President Trump during his first term, underwent a sudden transformation. A Times investigation revealed how the firm, and subsequently the broader legal industry, capitulated to White House pressure, surrendering without a fight.

Businessbloomberg10d ago

Tokyo Court Rules Shidax Tender Offer Undervalued Firm

The Tokyo District Court has ruled that hospitality company Shidax Corp.'s 2023 tender offer to go private undervalued its shares. This decision marks a rare instance in Japan where legal authorities resolve financial disputes between companies.

BlackRock Warns USMCA Reviews Could Cloud Investment in Mexico
BusinessEL PAIS24d ago

BlackRock Warns USMCA Reviews Could Cloud Investment in Mexico

BlackRock, the world's largest asset manager, has cautioned that the annual reviews of the USMCA trade agreement are likely to create uncertainty for investment prospects in Mexico. Despite this, the firm believes it is unlikely that Mexico will lose its investment-grade sovereign credit rating.

BNP Paribas Bullish on AI Supply Chain, Names Top Ideas
Businessseeking-alpha26d ago

BNP Paribas Bullish on AI Supply Chain, Names Top Ideas

BNP Paribas maintains a bullish outlook on the AI supply chain through 2027, identifying Arista, Seagate, and Astera as its top investment ideas. The firm's analysis suggests strong growth potential in these companies within the AI sector.

Merrill Lynch Adjusts Policy for Advisor Trainees
BusinessYahoo26d ago

Merrill Lynch Adjusts Policy for Advisor Trainees

Merrill Lynch is implementing a new policy that will permit advisor trainees to join established teams at an earlier stage in their development. This change aims to accelerate their integration and training within the firm.

Temasek's Near-Term Carbon Emissions Expected to Rise
Businesschannel-news-asia1mo ago

Temasek's Near-Term Carbon Emissions Expected to Rise

Temasek's chief sustainability officer, Park Kyung-Ah, stated that the firm's near-term carbon emissions are projected to increase due to significant changes in the global environment since their 2019 climate targets were set, particularly in the aviation and energy sectors.

Giverny Capital Asset Management Adjusts Portfolio in Q1
BusinessYahoo1mo ago

Giverny Capital Asset Management Adjusts Portfolio in Q1

Giverny Capital Asset Management sold its stake in Ametek (AME) due to a valuation gap and trimmed its holdings in Installed Building Products (IBP) during the first quarter. Conversely, Taiwan Semiconductor (TSM) boosted the firm's performance in Q1.

FINRA Expels New York Broker/Dealer for Churning Violations
BusinessYahoo1mo ago

FINRA Expels New York Broker/Dealer for Churning Violations

The Financial Industry Regulatory Authority (FINRA) has expelled a New York-based broker/dealer from the industry. The expulsion comes after the firm was found guilty of engaging in churning, a prohibited practice involving excessive trading to generate commissions.

IT Company in Vilnius Lays Off Employees Amidst Bankruptcy
Businessdelfi-lt11d ago

IT Company in Vilnius Lays Off Employees Amidst Bankruptcy

An IT company in Vilnius, which previously employed hundreds, is once again laying off a portion of its staff, with reports indicating the long-standing company is going bankrupt and dismissing all 126 employees. This marks a significant downturn for the firm.

Monzo Cofounder Tom Blomfield Joins Anthropic
BusinessBusiness Insider28d ago

Monzo Cofounder Tom Blomfield Joins Anthropic

Tom Blomfield, cofounder of the digital bank Monzo, has been announced as the latest high-profile hire at AI safety and research company Anthropic. Blomfield stated he is taking a leave of absence from Y Combinator to join the firm.

Temasek Targets Significant Increase in AI Investment
Businesschannel-news-asia1mo ago

Temasek Targets Significant Increase in AI Investment

Singapore's state investor Temasek plans to more than double its share of AI investment in its portfolio to as much as 15% by 2031. The firm views the rapid advancement of artificial intelligence as a pivotal phase creating vast opportunities.

Michael Saylor's Strategy Sells Bitcoin Again for Dividends
BusinessYahooseeking-alphazerohedge1mo ago3 sources

Michael Saylor's Strategy Sells Bitcoin Again for Dividends

Michael Saylor's company, Strategy, has once again sold Bitcoin, liquidating 3,558 BTC for approximately $216 million to cover preferred dividends. This marks a continued strategy for the firm known for its substantial Bitcoin holdings.

Goldman Sachs Cuts Yen Forecast, Predicts Further Slump
Businessbloombergcnbcadvisor-perspectives1mo ago3 sources

Goldman Sachs Cuts Yen Forecast, Predicts Further Slump

Goldman Sachs has cut its yen forecast to 165 per dollar, predicting a further historic slump for the currency. The firm also expressed a preference for carry trades and anticipates AI and energy 'supply bust' to support the U.S. dollar.

Morgan Stanley Increases Price Targets for Major Banks
BusinessYahoo1mo ago

Morgan Stanley Increases Price Targets for Major Banks

Morgan Stanley has raised its price targets for several prominent banks, including U.S. Bancorp (USB), PNC Financial (PNC), and Wells Fargo (WFC). This adjustment reflects the firm's updated outlook on the financial performance and market valuation of these institutions.

Prague car dealership Auta Super in insolvency, owner missing
Worldaktualne-cz1mo ago

Prague car dealership Auta Super in insolvency, owner missing

The Prague car dealership Auta Super has gone into insolvency, owing creditors up to 216 million Czech crowns. Dozens of vehicles financed by loans cannot be traced, and police are investigating the firm for suspected fraud and embezzlement.

Security Firm Linked to ICE Crackdown Reports UK Revenue Slump
PoliticsThe Guardian13d ago

Security Firm Linked to ICE Crackdown Reports UK Revenue Slump

A private security company previously linked to Donald Trump’s immigration crackdown in the US reported a significant slump in its UK revenues. This decline occurred after the firm, MTC, lost its contract to provide security at the heavily criticized Manston asylum center in Kent.

UBS Hikes Year-End S&P 500 Target to 8,100
Businesscnbc20d ago

UBS Hikes Year-End S&P 500 Target to 8,100

UBS has raised its year-end S&P 500 target to 8,100, citing that investors are underestimating the potential for an earnings-driven rally. The firm believes the market has further room for growth based on corporate performance.

Another Firm Linked to Marcus Sweeney Struck Off by CAB
Politicsirish-independent26d ago

Another Firm Linked to Marcus Sweeney Struck Off by CAB

Another firm belonging to Marcus Sweeney, a target of the Criminal Assets Bureau (CAB) and Celtic Tiger socialite, has been struck off. The firm was used to buy land in Co Meath for €102,500, which the High Court deemed acquired with proceeds of crime.

Technologybloomberg28d ago

Saudi Tech Firm NourNet Taps Banks for IPO

Saudi technology company NourNet is reportedly in the process of selecting Goldman Sachs and HSBC to serve as lead managers for its upcoming initial public offering. This development marks a significant step for the firm in the Saudi market.

Morgan Unveils Limited-Edition Retro Midsummer Coupé
Businessla-vanguardia1mo ago

Morgan Unveils Limited-Edition Retro Midsummer Coupé

Morgan has introduced the elegant, retro-styled Midsummer Coupé, a new model with a rigid roof, marking the firm's return to such designs after more than a decade. Only nine units of this exclusive vehicle will be manufactured globally.

Keefe Bruyette Lowers Blackstone Mortgage Trust Price Target
BusinessYahoo1mo ago

Keefe Bruyette Lowers Blackstone Mortgage Trust Price Target

Keefe Bruyette, an investment firm, has revised its estimates for Blackstone Mortgage Trust (BXMT) and subsequently lowered its price target for the company's stock. This adjustment reflects a change in the firm's outlook on BXMT's financial performance.

SoftBank Reduces Venture Capital Bets in Latin America
Businessjapan-times1mo ago

SoftBank Reduces Venture Capital Bets in Latin America

SoftBank is finding fewer opportunities for venture capital investments in Latin America, shifting its focus. The firm is now targeting consumer-oriented AI companies that possess strong proprietary data and global competitive potential.