Sat.Sep 28, 2024 - Fri.Oct 04, 2024

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Reminder To Draft Purchase And Sale Agreements With Care

JD Supra: Mergers

Somerville Off. Assocs. Ltd. P'ship v. Cresset Dev., LLC, 104 Mass. App. Ct. 1108 (2024). In Somerville Office Associates Limited Partnership v. Cresset Development, LLC, plaintiff Somerville Office Associates (“SOA”) sold two parcels of land to defendant Cresset Development (“Cresset”), an improved parcel and an unimproved parcel.

Sale 177
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Casting a wider digital net: the UK’s expanded mergers jurisdiction under the DMCC Act

JD Supra: Mergers

The UK Government has recently confirmed that the digital markets and competition parts of the DMCC Act are likely to come into force in December 2024 or January 2025. We consider the significance for companies active in digital markets of the upcoming changes to merger control, which could significantly increase the risk of scrutiny and investigation of transactions by the CMA.

Mergers 282
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SEC charges TD Securities as former head of US Treasuries desk found to have allegedly made ‘hundreds’ of illegal trades

The TRADE

The US Securities and Exchange Commission (SEC) has charged TD Securities with manipulating the US Treasury cash securities market through an illicit spoofing scheme between April 2018 and May 2019. The watchdog also charged the bank with “failing to supervise” the head of its US Treasuries trading desk who allegedly made “hundreds” of illegal trades over that period.

Trading 109
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DirecTV Strikes Deal to Acquire Dish Network

The New York Times: Mergers, Acquisitions and Dive

The deal, which is subject to regulatory approval, would create one of the largest pay-TV distributors in the U.S. The companies were blocked in an attempt to merge in 2002.

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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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What Consistent Appreciation Can Do

H. Friedman Search

Today’s blog is an open letter to practice leaders and hiring managers. If this was done right, there would be no need for recruiters, retention would be close to 100% for your desired employees, and I would be out of a job. However, the fact is that this is never going to happen unless we develop complete awareness. What’s this thing that I’m referring to?

More Trending

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Our Housing Crisis Has Its Roots in the Financial Crisis

The New York Times: Banking

Well-meaning regulations and reforms intended to prevent another financial crisis has pushed millions of affordable homes out of the reach of everyday buyers and into the coffers of investors.

IT 143
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India has emerged as one of the best global markets for the long haul. Here are the drivers—and how to play the rally

CNBC: Investing

India's stock market surge in recent years has investors viewing the country as an emerging market poised for long-term outperformance now more than ever.

Investors 144
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Can Lina Khan Hold On?

The New York Times: Mergers, Acquisitions and Dive

Ms. Khan’s term as the chair of the Federal Trade Commission ended Wednesday. In a wide-ranging interview, she discussed her aggressive approach to antitrust and its critics.

Trading 107
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[Audio] Episode 338 -- Deep Dive into the Deere SEC FCPA Case

JD Supra: Mergers

The SEC's recent settlement with Deere & Company for $9.9 million for FCPA violations is another textbook example of bribery schemes, which revealed the absence of a culture of compliance, and the circumvention of basic entertainment, hospitality and travel expense controls. Deere's bribery scheme involved its Thailand subsidiary, Wirtgen Thailand, and various improper payments to government officials, including cash, sham consulting fees, extravagant “factory visit” trips to foreign.

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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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A Climate Fund Could Pay Billions to Protect Trees in Amazon and Beyond

The New York Times: Banking

Brazil is proposing a fund that would pay countries to protect tropical forests that are crucial to curbing climate change. It would generate returns, too.

Funds 142
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Recursion gets FDA approval to begin phase 1 trials of AI-discovered cancer treatment

CNBC: Investing

Recursion said it was able to use its AI-enabled drug discovery platform to identify a novel target and move all the way to gaining IND approval in less than 18 months.

IT 139
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Make Cybersecurity Awareness Month a Game-Changer for You and Your Career

Cisco: M&A

With cyber threats on the rise and the start of Cybersecurity Awareness Month, it couldn’t be a better time to elevate your skill set to meet attacks head-on—and defend, detect, and protect your data and networks.

IT 98
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DOJ Updates Evaluation of Corporate Compliance Programs

JD Supra: Mergers

The Justice Department announced yet another version of its Evaluation of Corporate Compliance Programs. As everyone knows, the Justice Department’s guidance carries talismanic significance — it is an important document that provides valuable direction on the design and implementation of an effective compliance program.

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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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U.S. Raises New Concerns Over Chinese Lending Practices

The New York Times: Banking

A Treasury official will call for greater transparency over emergency currency “swap” loans to struggling countries by China’s central bank.

Bank 131
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Tesla could have a tough time living up to the hype around its robotaxi event

CNBC: Investing

Even as Tesla's shares rip higher in September, Wall Street remains divided on the stock amid doubt around its long-term potential as a leading automaker.

IT 143
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UWA Innovates: Network Upgrade Transforms Student Experience, Boosts Security, and Drives Sustainability

Cisco: M&A

Discover how the University of Western Australia transformed its network infrastructure to enhance student experiences, secure research data, streamline operations, ensure cybersecurity compliance, and promote sustainability amidst unprecedented challenges.

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Inside the Courts – An Update From Skadden Securities Litigators - October 2024

JD Supra: Mergers

Ninth Circuit Affirms Dismissal of Insider Trading Claims Against Satellite Operator Investors Based on Stock Sales After FCC Chairman Vote - In re Silver Lake Grp., LLC Sec. Litig. (9th Cir. July 24, 2024) What to know: The Ninth Circuit affirmed the dismissal of insider trading claims against several large investors in a satellite operator, holding that the plaintiffs failed to sufficiently allege that any defendant investor sold stock with knowledge of the company’s meeting with the FCC.

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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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Dish and DirecTV Near a Deal to Combine (Again)

The New York Times: Mergers, Acquisitions and Dive

The companies are in talks to create one of the largest pay-TV providers in the country. In 2002, the U.S. government blocked a similar deal.

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JPMorgan says this EV charging stock could surge nearly 80%

CNBC: Investing

JPMorgan thinks the company's business model of both owning and operating its fast electric vehicle chargers can send the stock soaring.

Stock 136
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Celebrating Cisco’s Solutions Engineers in Honor of National Techies Day

Cisco: M&A

Celebrate National Techies Day with Cisco! Discover how our Solution Engineers bridge the gap between cutting-edge technology and real-world needs, sharing their inspiring stories and innovative solutions.

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DOJ Repeals 1995 Bank Merger Guidelines and Now Will Apply Its 2023 Merger Guidelines to Bank M&A

JD Supra: Mergers

On September 17, 2024, the Antitrust Division of the United States Department of Justice (the “DOJ”) announced that it withdrew its 1995 Bank Merger Guidelines and instead, for purposes of evaluating the competitive impact of bank mergers, will rely on its 2023 Merger Guidelines, which apply to all industries.

Mergers 183
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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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Revolutionizing Financial Technology: A Conversation with Sharmila on AI, Cloud, and Data Innovation

Global Banking & Finance

1.Can you tell us about your role in transforming financial technology at Northern Trust? With over 15 years of experience in the financial technology sector, Sharmila has made a name for herself as a leader in AI, cloud computing, and enterprise solutions.

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Wednesday's big stock stories: What’s likely to move the market in the next trading session

CNBC: Investing

Stocks had a tough start to October and the fourth quarter, posting losses on Tuesday. Here's what CNBC is watching going into Wednesday.

Stock 127
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5 Reasons Why Developers Should Attend Security Conferences

Cisco: M&A

On the first night of BlackHat USA, I made conversation with a few friendly penetration testers who were perplexed when I told them I was a developer. Why would I be at a cybersecurity conference? …What was I hoping to get out of it?

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Second Circuit Rules Bankruptcy Code’s “Safe Harbor” Provision Preempts State Law Fraudulent Transfer Claims

JD Supra: Mergers

On September 19, 2024, the US Court of Appeals for the Second Circuit issued a summary order in which it held that the “safe harbor” provision of Section 546(e) of the Bankruptcy Code preempted a bankruptcy trustee’s state law fraudulent conveyance claims. Holliday v. Credit Suisse Securities (USA) LLC, et al., 21-2543-br.

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Navigating the Future: Generative AI, Application Analytics, and Data

Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?

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SoftBank to invest $500 million in OpenAI, The Information reports

Global Banking & Finance

(Reuters) – Japanese telecom company SoftBank’s Vision Fund will invest $500 million in OpenAI’s latest funding round, The Information reported on Monday, citing a person familiar with the deal. SoftBank declined to comment, while OpenAI did not immediately respond. The company at the heart of the artificial intelligence boom is raising $6.

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How Warren Buffett decides when to sell a stock, and why he might be dumping Bank of America

CNBC: Investing

The Sage of Omaha is usually only motivated to exit a big position when he judges that the competitive edge of a business has eroded.

Bank 132
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Hodinkee, the Watch Site, Is Sold to Watches of Switzerland

The New York Times: Mergers, Acquisitions and Dive

Neither Benjamin Clymer, its founder, nor the Watches of Switzerland Group would disclose terms, but they stressed that coverage would continue to be independent.

IT 94