Tue.Mar 05, 2024

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Accenture to acquire Udacity to build a learning platform focused on AI

TechCrunch: M&A

Accenture announced today that it would acquire the learning platform Udacity as part of an effort to build a learning platform focused on the growing interest in AI. While the company didn’t specify how much it paid for Udacity, it also announced a $1 billion investment in building a technology learning platform it’s calling LearnVantage. […] © 2024 TechCrunch.

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U.S. Sanctions Enforcement: 2023 Trends and Lessons Learned

JD Supra: Mergers

Today’s alert—the second in our Sanctions 2023 Year in Review Series—provides an overview of U.S. sanctions enforcement in 2023, including the key lessons learned from the public enforcement actions issued by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC).

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SEC Alleges 13D Violations for Failure to Timely Disclose Control Purpose

Deal Lawyers

Last Friday, the SEC announced settled charges against an investment adviser for beneficial ownership reporting failures. The investment adviser agreed to a $950,000 civil penalty. Here’s more from the press release: According to the SEC’s order, on Feb. 14, 2022, HG Vora disclosed that it owned 5.6 percent of Ryder’s common stock as of Dec.

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Deal Flow 4.0: 5 Things We Learned About European Tech Deal Terms in 2023

JD Supra: Mergers

Venture capital investment in European startups reached over $60B last year, higher than pre-pandemic levels but lower than the highs of 2021 and 2022. To see how this changed deal terms, Orrick used in-house technologies, systems and processes to undertake a deep and unparalleled analysis of the deal terms of over 350 venture capital and growth equity investments our clients completed in Europe last year.

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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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BNY Mellon names new head of fixed income and equities EMEA and head of US fixed income

The TRADE

BNY Mellon has made two key senior managing director hires into its fixed income and equity sales and trading businesses. Bianca Gould has been appointed head of fixed income and equities EMEA, based in London. Gould joins BNY Mellon after three years at RBC Capital Markets where she previously served as co-head of equities electronic sales and trading.

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Reliability and access to dark pool liquidity the main priorities for the buy-side when it comes to selecting algo providers

The TRADE

When it comes to selecting an algo provider, ease of system use, reliability and quality of technical support was the top consideration for asset managers across both sides of the Channel in 2023 – 71% in the UK and 73% in Continental Europe – according to a Coalition Greenwich report. Jesse Forster The next most important priority was access to dark pool liquidity, with 73% of UK respondents and 61% of those in Continental Europe highlighting it as a key factor in selection processes.

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Key trends emerging from the start of the EU Foreign Subsidies Regulation regime

JD Supra: Mergers

The first months of application of the EU Foreign Subsidies Regulation (FSR) have involved a large number of notifications, lengthy and wide-ranging requests for information, and the opening of the first in-depth investigation. We take a look at the key highlights from the FSR's opening period and practical implications for companies navigating the still quite unchartered waters of the FSR.

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These other crypto trades are having big years as bitcoin hits a record high

CNBC: Investing

Bitcoin ETFs, ether and brokerage stocks are among the other trades that appear to be benefiting from the rise in bitcoin.

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Delaware Court of Chancery Invalidates “New Wave” Stockholder Agreement Constraining Board Authority

JD Supra: Mergers

This enduring cornerstone of Delaware corporate law is rooted in Section 141(a) of the Delaware General Corporate Law (“DGCL”): “The business and affairs of every corporation […] shall be managed by or under the direction of a board of directors, except as may be otherwise provided in this chapter or in its certificate of incorporation.”.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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This one-time cybersecurity darling is hitting a rough patch. How to profit from its slide

CNBC: Investing

While the Nasdaq and S&P 500 have been soaring for over four months, cracks are beginning to show in some of the tech darlings. Take Palo Alto Networks (PANW), for instance.

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Delaware Court of Chancery Holds That Common Practice of Boards Approving Draft Merger Agreements “Needs to Check Itself”

JD Supra: Mergers

A Delaware Court of Chancery opinion issued last week calls into question the common practice of corporate boards approving draft merger agreements. In AP-Fonden v. Activision Blizzard, Inc.,1 Chancellor McCormick declined to dismiss a stockholder’s claims that Activision Blizzard’s directors violated Delaware General Corporate Law (“DGCL”) Sections 251 and 141 by approving a draft merger agreement missing terms (such as price) and delegating approval of an unresolved dividend provision to a.

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New Federal Rule Caps Most Credit Card Late Fees at $8

The New York Times: Banking

The Consumer Financial Protection Bureau said its new restriction would save households $10 billion a year in “junk fees.

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Executive leadership changes to drive innovation, simplicity, and growth

Cisco: M&A

Today, I am thrilled to share exciting changes to Cisco’s Executive Leadership Team that are designed to accelerate our innovation, drive greater simplicity, and double-down on our growth e… Read more on Cisco Blogs

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Enhance Customer Value: Unleash Your Data’s Potential

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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Morgan Stanley says M&A will rebound and these stocks have an 'elevated likelihood' of a takeover

CNBC: Investing

The firm expects global M&A volume activity to rise by 50% this year compared to 2023, according to a new internal survey.

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Preparedness is the key: training with the Crisis Response Community

Cisco: M&A

In times of crisis, a richly diverse group of volunteers brings not just dedication to the cause and a passion for helping people, but the creativity needed to get tough jobs done.

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Artemis-backed McDaniel scoops up manufacturer Rayotek

PE Hub

McDaniel is a maker of advanced material technical solutions. The post Artemis-backed McDaniel scoops up manufacturer Rayotek appeared first on PE Hub.

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Celebrating women’s inclusion in the climate innovation space

Cisco: M&A

International Women’s Day (IWD) gives us time to reflect on the achievements women have made before us, the unique challenges women may face today as they continue to break barriers, and what the f… Read more on Cisco Blogs

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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This market rally is taking out funds that hedged against recent investor fears

CNBC: Investing

The pending closure of the Simplify Tail Risk ETF is a dramatic example of how the new bull market is hitting defensive strategies.

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Alphi Capital invests in K2 Fasteners

PE Hub

K2 Fasteners is a distributor of stainless steel and other corrosion resistant fasteners. The post Alphi Capital invests in K2 Fasteners appeared first on PE Hub.

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Tuesday's analyst calls: Nvidia a top AI pick, Tesla cutting prices too much?

CNBC: Investing

Nvidia and two electric vehicle makers were in focus in the analyst chatter for Tuesday.

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Angeles Equity-backed Data Clean snaps up environment cleaning services firm DP Guardian

PE Hub

Data Clean is a provider of specialized facility maintenance services. The post Angeles Equity-backed Data Clean snaps up environment cleaning services firm DP Guardian appeared first on PE Hub.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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Bank Runs Spooked Regulators. Now a Clampdown Is Coming.

The New York Times: Banking

Federal Reserve officials and other bank regulators could roll out a new proposal this spring to ward off a repeat of 2023’s banking turmoil.

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One Equity-backed PGW Auto Glass snaps up AutoglassCRM

PE Hub

PGW Auto Glass is a distributor of automotive replacement glass, specialty parts, shop accessories, and digital services. The post One Equity-backed PGW Auto Glass snaps up AutoglassCRM appeared first on PE Hub.

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Webinar: International Women’s Day 2024 – What does progress look like?

The TRADE

In celebration of International Women’s Day (IWD) 2024, The TRADE is delighted to bring you this webinar on Wednesday 13 March from 2-3 pm GMT, celebrating gender diversity milestones achieved by the financial industry and examining where there remains work to be done in order to achieve it. Join editor at The TRADE, Annabel Smith, head of trading at Syz Group, Valérie Noël, head of foreign exchange at Fidelity, Nigell Todd, and co-founder of not-for-profit Everyone Matters, Pat Sharman, to delv

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Charlesbank Capital buys alternative student transportation platform EverDriven

PE Hub

The seller was Palladium Equity Partners. The post Charlesbank Capital buys alternative student transportation platform EverDriven appeared first on PE Hub.

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Using Data & Analytics for Improving Healthcare Innovation and Outcomes

In the rapidly evolving healthcare industry, delivering data insights to end users or customers can be a significant challenge for product managers, product owners, and application team developers. The complexity of healthcare data, the need for real-time analytics, and the demand for user-friendly interfaces can often seem overwhelming. But with Logi Symphony, these challenges become opportunities.

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Here are the top small-cap picks from UBS if the market rally keeps broadening out

CNBC: Investing

These are UBS' favorite small- and medium-cap names if more stocks participate in the latest move higher.

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Ontario Teachers’ makes three executive appointments

PE Hub

Ontario Teachers' has named Bernard Grzinic as executive managing director, capital markets; Steve Saldanha as executive managing director, total fund management; and Robert Sturgeon as senior managing director, global investment strategy. The post Ontario Teachers’ makes three executive appointments appeared first on PE Hub.

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Here are the top AI picks for 2024 from Baird

CNBC: Investing

Baird released a 2024 update of its top stock picks in artificial intelligence and machine learning.

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