Tue.Aug 06, 2024

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GrubMarket has acquired Good Eggs

TechCrunch: M&A

Sources with knowledge of the deal said it was an all-stock transaction that valued Good Eggs slightly above its previous valuation of $22 million. © 2024 TechCrunch. All rights reserved. For personal use only.

Valuation 239
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State Street’s $7.45MM OFAC Penalty Highlights Importance of Sanctions in M&A Due Diligence

JD Supra: Mergers

The U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) has released a $7.45 million penalty against State Street Bank and Trust Company and its non-bank, fintech subsidiary Charles River Systems for 38 apparent violations of the Ukraine/Russia-Related Sanctions Regulations, which occurred between December 2016 and May 2020.

M&A 182
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Start-Up Financing: Converts or SAFEs?

Deal Lawyers

A recent Nixon Peabody memo provides an overview for emerging companies of the differences between the use of convertible debt and simple agreement for future equity for early stage financings.

Finance 113
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5 Key Takeaways From the CFIUS 2023 Annual Report

JD Supra: Mergers

The report shows a decline in filings, new mitigation measures and conditions, and continued emphasis on monitoring and enforcement. On July 23, 2024, the Committee on Foreign Investment in the United States (CFIUS) published the public version of its Annual Report to Congress for Calendar Year 2023 (the Report), which highlights key indicators of the CFIUS process and statistics on transactions filed in calendar year 2023.

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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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How the Google Antitrust Ruling May Influence Tech Competition

The New York Times: Mergers, Acquisitions and Dive

Nearly a quarter-century after Microsoft lost a similar case, a judge’s decision that Google abused a monopoly in internet search is likely to have major ripple effects.

S&P 136

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CNET Sold to Ziff Davis in Sign of Possible Media Deals to Come

The New York Times: Mergers, Acquisitions and Dive

Ziff Davis is acquiring CNET for more than $100 million. Its chief executive thinks more acquisitions are on the horizon.

Media 141
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“It’s Not Business, It’s Personal”: The Application of Personal Goodwill in Accounting Firm Deals

JD Supra: Mergers

Personal goodwill refers to the reputation, relationships, and other intangible assets directly attributable to an individual professional rather than the business entity itself. It is especially relevant for professional service firms as these businesses thrive on their ability to offer unique services attributed to their owners’ advanced education and special skills.

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BNP Paribas VP joins Morgan Stanley as trader

The TRADE

Morgan Stanley has appointed Faousi Batouche as equity derivatives trader, based in New York. Batouche joins from BNP Paribas, having most recently served as a vice president, focused on equity derivatives structuring. Read more: Fireside Friday with… Morgan Stanley’s Maria Salamanca Mejia Prior to this, Batouche spent three and a half years at Goldman Sachs, joining as a senior analyst before being promoted to associate, focused on market risk.

Equities 105
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Tuesday's analyst calls: Taiwan Semiconductor a buying opportunity, CrowdStrike upgraded

CNBC: Investing

A chipmaker and a beleaguered cybersecurity stock were among the stocks being talked about by analysts on Tuesday.

Stock 128
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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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Stuart Piltch: A Pioneer in Advancing Healthcare and Intelligence through Artificial Intelligence

Global Banking & Finance

New York City, NY – Stuart Piltch AI Trailblazer, a distinguished authority in artificial intelligence (AI) and technology, continues to be a driving force in the evolution of analytics and innovation within the healthcare and intelligence domains.

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Buy the dip in these bitcoin mining stocks, Cantor Fitzgerald says

CNBC: Investing

Bitcoin was no exception to Monday's broad market rout, which makes it a good time to buy certain mining stocks, Cantor Fitzgerald says.

Stock 110
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My Journey of Conservation and Fulfillment: Time2Give with Sea Turtles

Cisco: M&A

Discover how Business Development Manager Shawn C.'s volunteering through the Time2Give program made a difference for sea turtles and her wellbeing, too.

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SunPower files for bankruptcy, plans to sell off assets — stock drops more than 30%

CNBC: Investing

Embattled solar installer SunPower has filed for Chapter 11 bankruptcy.

Stock 145
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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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MSPs: Capitalize on the Expanding Opportunities in the Booming MDU Market

Cisco: M&A

The growing demand for advanced networking solutions in Multiple Dwelling Units MDUs presents significant business opportunities for MSPs to offer a range of cross-sale and up-sale of managed and professional IT services.

Capital 97
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Big Tech stocks got clobbered on Monday. What investors are looking for before they buy more

CNBC: Investing

A sharp sell-off in 2024's winning names has left investors wondering whether it is safe to scoop up technology shares.

Investors 114
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Understanding Rollover Equity: Opportunities and Considerations for Business Owners

Align Business Advisory Services

When evaluating offers, business owners exploring exit strategies are increasingly encountering the concept of rollover equity, as buyers and sellers look for innovative ways to bridge valuation gaps and structure mutually beneficial deals. Rollover equity has emerged as a compelling option, but it’s important to fully understand the concept before proceeding.

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Stocks making the biggest moves premarket: Palantir, Caterpillar, Yum China, CrowdStrike and more

CNBC: Investing

These are the stocks posting the largest moves in early trading.

Stock 124
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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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Citadel appoints new global fixed income and macro trader

The TRADE

Citadel has appointed Oscar Bird as a new global fixed income (GFI) and macro trader, based in London. Bird joins the firm from JB Drax Honore, where he served as a relative value (RV) sales and execution trader. His appointment follows that of Robert Whelan, who joined Citadel as an equity trader last month. Whelan previously served as an equity trader at Pictet Asset Management.

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What Just Happened on Wall Street?

The New York Times: Banking

Explaining Monday’s stock-market plunge, and its potential consequences.

Stock 106
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ICE Bonds and MarketAxess connect liquidity networks to bolster bond market efficiency

The TRADE

Intercontinental Exchange’s ICE Bonds and MarketAxess have unveiled plans to connect their respective liquidity networks in a bid to improve efficiency and access to deeper liquidity in fixed income markets. Pete Borstelmann The two firms plan to establish connectivity to their respective protocols and liquidity pools, with the move set to enable ICE Bonds’ automated trading system (ATS), ICE TMC, and MarketAxess’ Open Trading network to communicate with each other directly, enhancing depth and

Trading 68
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Here are Tuesday's biggest analyst calls: Nvidia, Apple, Micron, Amazon, Apollo Global & more

CNBC: Investing

Here are Tuesday's biggest calls on Wall Street.

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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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Climatec, LLC strengthens Southeast US operations with the acquisition of Engineered Control Solutions, Inc.

Global Newswire by Notified: M&A

Phoenix, AZ – Climatec, LLC, a Bosch company, has acquired the business of Engineered Control Solutions (ECS), a leading building automation solutions provider and system integrator with offices in North and South Carolina. ECS has about 100 employees. Terms of the transaction were not disclosed.

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Capital Group latest to join Saphyre

The TRADE

Captial Group has become the latest buy-side firm to integrate Saphyre’s technology. Saphyre’s technology manages the onboarding and maintenance of custody, broker trading, and buy-side accounts. It also synchronises associated reference data between such entities in real time, providing users with a “golden source of data” to all external permissioned parties using the platform.

Capital 58
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Smaller deals are back on the rise, but driven by caution

Private Equity Info

Private equity firms are investing in smaller deals and exercising caution with larger deals, according to new data from Private Equity Info ’s M&A research database.

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This tech stock is enabling the 'AI goldrush' and can surge nearly 25%, Bank of America says

CNBC: Investing

The firm updated its estimates on Palantir to support the software company's strong momentum in growing its U.S. commercial and government businesses.

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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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Bottler Coca-Cola HBC raises 2024 revenue and operating profit forecasts

Global Banking & Finance

(Reuters) – Bottler Coca-Cola HBC boosted its annual operating profit and revenue forecast on Wednesday, as the Swiss group posted higher first-half revenue, helped by its measures to mitigate the impact of high inflation and currency fluctuations.

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Where BlackRock's Rick Rieder sees income opportunity amid the market volatility

CNBC: Investing

Rick Rieder, BlackRock's chief investment officer of global fixed income, said these assets have attractive yields and solid fundamentals.

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Vans-parent VF Corp posts smaller Q1 revenue drop than expected, on better China demand

Global Banking & Finance

(Reuters) -VF Corp reported a smaller-than-expected drop in first-quarter revenue on Tuesday, helped by improvement in its China business as well as leaner inventory levels, sending its shares up about 7% in extended trading.

Retail 52