August, 2024

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The banks that loaned Musk $13B to buy Twitter might be having regrets

TechCrunch: M&A

X, the social network formerly known as Twitter, looks like a pretty bad investment right about now. As readers might recall, billionaire Elon Musk borrowed $13 billion from Morgan Stanley, Bank of America and five other major banks to help finance the $44 billion acquisition of Twitter, as it was then called. According to the […] © 2024 TechCrunch.

Bank 353
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[Audio] The Power of Genuine Networking for Entrepreneurs With OneSixOne Ventures” with Pablo Casilimas and Justis Mendez

JD Supra: Mergers

How integral are networking and community-building to becoming a successful entrepreneur? Pablo Casilimas and Justis Mendez of OneSixOne Ventures join Founder Shares to discuss how they harnessed the power of these strategies to jumpstart their venture capital firm and connect founders and funders. Listen as they share some of the most useful insights, they gained from hosting highly curated programs and events in different cities across the country and hosting a virtual accelerator program that

Shares 320
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Fed Chair Powell Signals Interest Rate Cuts in Jackson Hole Speech

The New York Times: Banking

Jerome H. Powell used a speech in Jackson Hole to signal that the Federal Reserve will begin to cut rates on Sept. 18, and to voice wariness about the job market.

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A Trial Asks: If Grocery Rivals Merge, Do Workers Suffer?

The New York Times: Mergers, Acquisitions and Dive

As Kroger seeks to acquire Albertsons, federal regulators argue that the biggest supermarket combination in history will hurt not only consumers, but workers as well.

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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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Traders are confident Nvidia stock will rise after earnings, according to options market

CNBC: Investing

Nvidia is set to report its latest results Aug. 28, and the numbers could serve as a gut check not only for the chipmaker, but also for the entire stock market.

Stock 141

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Lockheed Martin to buy satellite maker Terran Orbital in $450M deal

TechCrunch: M&A

Lockheed, which holds a 28.3% stake in Terran Orbital, will take the satellite maker private in a deal that's expected to close before the end of 2024. © 2024 TechCrunch. All rights reserved. For personal use only.

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Trademarks as Assets: Selecting or Changing a Mark in the United States

JD Supra: Mergers

As part of our series on trademarks as critical assets for businesses, this article discusses the importance of selecting and clearing a new or altered trademark for use and registration in the United States. Trademark selection and clearance are essential steps for avoiding costly and time-consuming disputes, securing exclusive rights, and building a strong brand identity.

Business 297
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Africa’s Debt Crisis Has ‘Catastrophic Implications’ for the World

The New York Times: Banking

Crushing obligations to foreign creditors that have few precedents have sapped numerous African nations of growth and stoked social instability.

Debt 145
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Mars to Acquire Maker of Pringles, Cheez-It and Eggo in $36 Billion Deal

The New York Times: Mergers, Acquisitions and Dive

Mars is acquiring Kellanova in one of the largest deals in the industry in years, creating a new global giant with a stable of well-known brands.

IT 144
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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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Buffett's Berkshire sells $3.8 billion worth of Bank of America in 12-day selling spree

CNBC: Investing

Berkshire Hathaway dumped a total of 19.2 million BofA shares over the past three days for almost $779 million, according to a new regulatory filing.

Banking 145
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Unveiling the Evolution of Fintech: A Journey from Convergence to Community – FTS.money

Global Banking & Finance

By Ajmal Samuel, Founder and CEO of FTS.money The landscape of financial technology, commonly known as fintech, has undergone a remarkable evolution over the years. What we recognise today as a fintech revolution traces its roots back to the early 21st century, marked by significant developments starting in the mid to late 2000s.

IT 116
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AMD to acquire infrastructure player ZT Systems for $4.9B to amp up its AI ecosystem play

TechCrunch: M&A

AMD is acquiring ZT Systems, which provides compute design and infrastructure for AI, cloud and general purpose computing, for $4.9 billion. © 2024 TechCrunch. All rights reserved. For personal use only.

IT 288
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Energy & Sustainability M&A Activity – August 2024

JD Supra: Mergers

June 26, 2024: Infintium Fuel Cells, a manufacturer of a variety of hydrogen power cells with a maximum power of 35kWh, which act as an alternative to electric batteries, enabling businesses in the material handling industry to increase productivity, lower costs and deliver true-zero emissions, acquired Goldenstone Acquisition for $18 million through a reverse merger.

M&A 299
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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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Social Security Numbers Reportedly Stolen in Hack: What to Know

The New York Times: Banking

Hackers may have gained access to the private information of millions of people from a background check company called National Public Data. Should you be worried? We have some advice.

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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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Wall Street reacts to historic global sell-off: Markets are in an 'aggressive risk-unwind'

CNBC: Investing

Stock markets around the world are selling off, as investors fear the U.S. could be headed into a recession amid a spate of softening economic data.

Economics 144
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The New Labour Government – 5 changes to employment law businesses need to know

Growth Business

By Chris Hadrill on Growth Business - Your gateway to entrepreneurial success Improving workers’ rights was at the heart of the Labour Party’s manifesto for the 2024 General Election, and on 17 July 2024 the King’s Speech laid out the new Labour Government’s plans to strengthen worker rights, as well as to improve the state of the UK economy. Below are some of the key changes that workers in the UK can expect from the Government, and what businesses need to know about them.

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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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Box adds crucial piece to its AI platform with Alphamoon acquisition

TechCrunch: M&A

On Thursday, Box filled in a missing piece on its AI platform when it bought automated metadata extracting startup, Alphamoon. © 2024 TechCrunch. All rights reserved. For personal use only.

IT 280
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Why the Capital One-Discover Merger Makes Sense

JD Supra: Mergers

When federal agencies review bank mergers, the competition issues typically relate to the number and location of physical branches and the extent of any overlap in the areas served. By contrast, the proposed $35 billion Capital One-Discover merger raises different and far more subtle competitive issues. The agencies—the Federal Reserve Board, the Office of the Comptroller of the Currency, and the Antitrust Division of the Department of Justice—will have to assess not only the deal’s effect on.

Mergers 296
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Why Interest Rate Cuts Won’t Fix a Global Housing Affordability Crisis

The New York Times: Banking

Central bankers are lowering borrowing costs, but that won’t be a cure-all for a widespread lack of affordable housing.

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Nippon Steel’s $15 Billion U.S. Steel Takeover Bid Is in Peril

The New York Times: Mergers, Acquisitions and Dive

The proposed merger of Japanese and American industrial giants, which proponents say would benefit both countries, is ensnared by political and labor opposition.

Mergers 133
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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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Berkshire's mounting cash pile could top $200 billion as Buffett continues selling stock

CNBC: Investing

The Omaha-based conglomerate's cash hoard is likely to exceed its previous record of $189 billion when it reports quarterly earnings Saturday.

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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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Fintech Payoneer is buying 5-year-old global payroll startup Skuad for $61M in cash

TechCrunch: M&A

New York-based fintech Payoneer has acquired Skuad, a Singapore-based global HR and payroll startup, for $61 million in cash, the company exclusively told TechCrunch. Payoneer said it could also pay up to another $10 million, contingent on if Skuad meets various performance goals within the first 18 months of the acquisition. Payoneer also committed to […] © 2024 TechCrunch.

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FTC Focus: Private Equity Investments In Healthcare

JD Supra: Mergers

U.S. antitrust regulators, particularly the Federal Trade Commission, have been stepping up scrutiny of private equity investments in healthcare. On March 5, the FTC, along with the U.S. Department of Justice and the U.S. Department of Health and Human Services, issued a joint request for public comment on consolidation in healthcare markets, citing concerns that PE "transactions may lead to maximizing profits at the expense of quality care.

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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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Fortifying the future of Security for AI: Cisco Announces intent to acquire Robust Intelligence

Cisco: M&A

Cisco announces a significant step in securing the AI-driven enterprise with intent to acquire Robust Intelligence, Inc., a trailblazing company at the forefront of AI security solutions.

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Lynch Yacht Sinking Off Sicily Proves as Baffling as It Is Tragic

The New York Times: Mergers, Acquisitions and Dive

As bodies were recovered, the authorities and experts wondered how a $40 million, stable and secure vessel could have sunk so quickly.

IT 135
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The explosion of online sports betting is taking a toll on how people invest

CNBC: Investing

While sports betting has put considerable sums into state coffers, it has come at a notable personal expense to gamblers and their families.