Wed.Sep 13, 2023

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Kolors acquires Urbvan to transform corporate bus travel in Mexico

TechCrunch: M&A

Kolors, a Mexico City-based startup that connects intercity bus riders with bus drivers, is acquiring B2B van pooling provider Urbvan for $12 million cash, the company shared Wednesday. Kolors CEO and co-founder Rodrigo Martínez has said his service is like “if Uber and Southwest Airlines had a baby.

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DOJ and FTC Radically Revise Antitrust Merger Guidelines: FAQs for Business

JD Supra: Mergers

The Federal Trade Commission (“FTC”) and U.S. Department of Justice Antitrust Division (“DOJ”) recently introduced proposed revisions to the existing merger guidelines. The new draft guidelines, if enacted in a form similar to the current draft, would represent a seismic shift in how the agencies approach antitrust merger investigations. They expand the types of transactions expected to result in additional scrutiny and lower the threshold for market shares that may be considered problematic.

Mergers 188
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IT MSP Due Diligence – Comprehensive Guide for Investors and CxOs

Beyond M&A

A robust IT Managed Service Provider (MSP) is more than a luxury—it’s a necessity. Especially for software-led companies that are laser-focused on product development, the peripheral IT demands can often be a blind spot, exposing them to potential security risks. Not good news for potential investors and an easy ‘red flag’ for us to raise during Technology Due Diligence.

Investors 147
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EEOC makes significant updates to EEO-1 Report

JD Supra: Mergers

The Equal Employment Opportunity Commission has required filing of the EEO-1 Report since 1966. Generally, all private employers with 100 or more employees must file the EEO-1 Report on an annual basis. Additionally, prime and first-tier federal contractors with 50 or more employees and a contract worth at least $50,000 must also file the Report.

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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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A Hidden Reason Cities Fall Apart

The New York Times: Banking

The loss of civic and corporate elites played a huge role in the erosion of urban life.

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Say What You Mean: Delaware Court Finds Bump-Up Exclusion Ambiguous as Applied to Mergers Versus Acquisitions

JD Supra: Mergers

Long a feature of directors’ and officers’ (D&O) liability insurance policies, the so-called “Bump-Up” Exclusion has gotten significant attention over the last few years. Because of the recent escalation in securities litigation that follows a majority of mergers and acquisitions, the Bump-Up Exclusion is of critical importance to publicly traded policyholders.

Mergers 171

More Trending

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Navigating Multilingual Disclosure in Merger Control Proceedings

JD Supra: Mergers

In-depth merger control reviews are intense and time-pressured matters. As a result, merging companies and their advisors are challenged to meet regulators’ ever-growing demands for internal documents. When a regulator refers a matter to Phase 2, requests for information (RFIs) require parties to identify and disclose internal documents relating to the proposed transaction.

Mergers 165
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Carrefour sticks price warnings on food to shame suppliers

Global Banking & Finance

Carrefour sticks price warnings on food to shame suppliers By Dominique Vidalon PARIS (Reuters) – French supermarket chain Carrefour has slapped price warnings on products from Lindt chocolates to Lipton Ice Tea to pressure top consumer goods suppliers Nestle, PepsiCo and Unilever to reduce inflation ahead of much-anticipated contract talks.

Food 124
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DOJ’s Top Antitrust Official Turns Spotlight on Broadened Scope of Bank Merger Enforcement

JD Supra: Mergers

In the wake of major bank failures in the US, the Department of Justice (DOJ) has signaled that it plans to step up antitrust enforcement of bank mergers. In June 2023, the DOJ’s Assistant Attorney General for Antitrust Jonathan Kanter delivered a speech at the Brookings Institution, providing listeners with insights into significant changes in the way the DOJ and bank regulators are reviewing proposed bank mergers.

Mergers 159
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New Zealand’s National Party looks to cement lead 30 days out from election

Global Banking & Finance

New Zealand’s National Party looks to cement lead 30 days out from election By Lucy Craymer WELLINGTON (Reuters) – Thirty days out from New Zealand’s general election, recent polls show the opposition party National cementing its lead, as both parties are on the campaign trail trying to win over voters with proposed tax cuts and […]

IT 124
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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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DOJ and FTC Submit Draft Updated Merger Guideline

JD Supra: Mergers

On July 19, 2023, the U.S. Department of Justice and Federal Trade Commission released a draft update of the Merger Guidelines and invited public comments. If adopted, the Proposed Guidelines would represent a substantial change in the way the U.S. antitrust agencies analyze the competitive effects of mergers. The agencies propose thirteen separate guidelines.

Mergers 159
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OpenAI launches office in Dublin with nine job listings

Global Banking & Finance

OpenAI launches office in Dublin with nine job listings By Anna Tong (Reuters) -Artificial intelligence leader OpenAI is opening an office in Dublin, the Microsoft-backed company said Thursday. It is the company’s third office. Its headquarters are in San Francisco and it announced it was opening a London office in June.

IT 124
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Private Equity: Private Fund Adviser Rules Challenged In Court

Deal Lawyers

In early September, six trade associations jointly filed a lawsuit in federal court challenging the validity of the SEC’s recently adopted Private Fund Adviser Rules. We’ve previously blogged about the content of the new rules and criticisms by two SEC Commissioners.

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This new dividend ETF offers investors income at a rock-bottom fee

CNBC: Investing

The new SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) has a lower fee than many of the biggest dividend funds on the market.

S&P 121
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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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Healthcare Transactions: States Enact “Mini-HSR” Acts

Deal Lawyers

This Morgan Lewis alert highlights 10 states that now have enacted “mini-HSR” laws that require notifications to state agencies and waiting periods in healthcare transactions. The alert warns that these laws will increase costs, extend timelines and create deal risk for the industry.

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10 best-funded UK fintechs to work at right now

Growth Business

By Kirstie McDermott on Growth Business - Your gateway to entrepreneurial success Things have been feeling a bit shaky in the world of tech over the last 18 months, with layoffs hitting the industry hard since mid-2022. Recent research has found that 77 per cent of British tech workers are unhappy with their jobs and have looked for another one in the past six months.

Funds 119
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Here are Wednesday's biggest analyst calls: Apple, Tesla, FedEx, Match, Ford, Amazon, Microsoft & more

CNBC: Investing

Here are the biggest calls on Wall Street on Wednesday.

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Twitter chaos after Elon Musk takeover may have violated privacy order, DoJ alleges

The Guardian: Mergers & Acquisitions

US Department of Justice questions compliance with FTC order on data security and privacy practices Elon Musk’s takeover of Twitter created a “chaotic environment” at the social media platform that may have violated a government order requiring an overhaul of its data security and privacy practices, according to a court filing. The US Department of Justice (DoJ) alleged in a legal filing on Tuesday that depositions from former employees at Twitter, now rebranded X , raised “serious questions” ab

Media 112
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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 play on the booming space economy could more than triple, says Roth MKM

CNBC: Investing

The investment bank believes the stock can more than triple over the next year.

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12 of the most exciting tech companies in Manchester

Growth Business

By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success When GCHQ arrived in Manchester at the backend of 2019, the city’s growing tech influence wasn’t much of a secret. By then, nearby Salford Quays had already welcomed the BBC – igniting a media ecosystem around it – and Google in the city centre. It had produced its own fair share of tech companies: The Hut Group, Booking.com and Autotrader are some of its alumni.

Funds 105
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These are the most expensive stocks today and analysts hate them

CNBC: Investing

CNBC Pro looked for stocks with both the largest valuation premium in the S&P 500 and that fewer than 50% of analysts covering them rate a buy.

S&P 112
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Distressed Debt Hedge Funds: How to Become a Vulture Capitalist

Mergers and Inquisitions

Ask anyone interested in distressed debt hedge funds for “the pitch,” and they’ll probably mention one of the following: “It’s like long/short equity or credit , but more interesting!” “Distressed investing offers equity-like returns with lower risk.” “Distressed assets offer non-correlated returns, similar to global macro.” These are nice sales pitches, but the reality is quite different.

Debt 103
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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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Buy these two underperforming automakers' stocks, UBS says

CNBC: Investing

A new analyst has taken over coverage of the industry at the firm.

Stock 111
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Citi, Falling Behind Peers, Unveils ‘Uncomfortable’ Changes and Layoffs

The New York Times: Banking

The bank’s chief executive, Jane Fraser, said the lender had grown bloated and needlessly bureaucratic.

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JPMorgan says Oracle could have more downside ahead following earnings sell-off

CNBC: Investing

Analyst Mark Murphy downgraded the cloud stock and cut his price target.

Stock 111
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Eurazeo-backed BMS picks up two Canadian insurance brokers

PE Hub

Smith & Reid Insurance Brokers and O’Neil Insurance Brokers are both headquartered in Ottawa. The post Eurazeo-backed BMS picks up two Canadian insurance brokers appeared first on PE Hub.

Broker 99
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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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This pizza chain's revamped rewards program could be good news for its stock, BTIG says

CNBC: Investing

BTIG reiterated its buy rating with a price target reflecting an upside of more than 18%.

IT 111
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The Power of Cybersecurity Product Technology Integrations: Strengthening Our Digital Defenses

Cisco: M&A

In today’s interconnected world, where cyber threats are evolving at an alarming rate, cybersecurity has become a paramount concern for individuals, businesses, and governments alike.

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Morgan Stanley's auto analyst says investors didn't like his Tesla upgrade this week

CNBC: Investing

Analyst Adam Jonas upgraded the stock to overweight from equal weight on Sunday, surprising some.

Investors 109
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Safeguarding Cross-Border Data Transfers

Cisco: M&A

Codes of Conduct may be used as appropriate safeguards for cross-border transfers under Article 46 of the European Union General Data Protection Regulation (GDPR).

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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?