Fri.Aug 18, 2023

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Online wholesaler Boxed acquired after filing for bankruptcy

TechCrunch: M&A

After filing for Chapter 11 bankruptcy protection in April, online wholesale retailer Boxed has been acquired. U.S.-based regional distributor MSG Distributors, Inc. announced this morning its acquisition of Boxed.com and “other intellectual property portfolios and affiliates” in an all-cash transaction. Deal terms were not disclosed, but it’s not likely a high-value deal for a company that had raised north of $318 million through its lifetime, according to data from PitchBook.

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[Audio] Inside the UK Legal Startup Scene, with Henry Humphreys

JD Supra: Mergers

Ever wondered what the UK startup scene looks like compared to the US? Today we welcome Henry Humphreys, the managing partner of Humphreys Law, a London-based law firm specializing in technology, media, and startups. The episode delves into the differences between the UK and US startup scenes, highlighting London's emergence as a leading European hub for venture investment.

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Special Litigation Committees: One Person is Good Enough But Work Will be Carefully Examined

Deal Lawyers

This spring on TheCorporateCounsel.net, John blogged about the Delaware Chancery Court’s decision in In re Baker Hughes, a GE Company, Derivative Litigation, (Del. Ch.

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Blakes Competitive Edgeâ„¢: August 2023 Update

JD Supra: Mergers

Welcome to the August issue of Blakes Competitive Edge, a monthly publication of the Blakes Competition, Antitrust & Foreign Investment group. Blakes Competitive Edge provides an overview of recent developments in Canadian competition law, including updates on enforcement activity by the Canadian Competition Bureau (Bureau), recent initiatives and key trends.

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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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Paris bans pony rides for children following animal rights campaign

Global Banking & Finance

Paris bans pony rides for children following animal rights campaign By Antonia Cimini and Antony Paone PARIS (Reuters) – Paris will ban pony rides for children in its public parks from 2025 following a campaign by animal rights activists who argue that the ponies are not well treated.

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UBS upgrades global equities’ rating to ‘neutral’

Global Banking & Finance

UBS upgrades global equities’ rating to ‘neutral’ (Reuters) – Economists at UBS have upgraded their rating for global equities, citing recent economic and inflation data coming in ahead of estimates and stronger-than-expected growth in the U.S. economy, with less likelihood of a recession.

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Citi says this high-flying Brazilian stock can rally another 30% from here

CNBC: Investing

Analyst Rafael Frade upgraded the Brazilian company — whose "super app" combines e-commerce, investing and other services — to buy from neutral.

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Dollar set for fifth winning week on Fed bets, China worries

Global Banking & Finance

Dollar set for fifth winning week on Fed bets, China worries By Kevin Buckland TOKYO (Reuters) – The dollar was set for a fifth winning week versus major peers, making it longest winning streak for 15 months, buoyed by expectations U.S.

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General Atlantic backs home services company Flint Group

PE Hub

As part of the transaction, General Atlantic advisor Alan Ferber will join the Flint board. The post General Atlantic backs home services company Flint Group appeared first on PE Hub.

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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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British consumers curb their shopping in rainy July

Global Banking & Finance

British consumers curb their shopping in rainy July By William Schomberg and William James LONDON (Reuters) -British retailers reported a bigger-than-expected drop in sales in July as heavy rain put off shoppers who are also feeling the hit from high inflation and 14 back-to-back increases in interest rates.

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Credit Card Debt Hits New Peak as Some Borrowers Face Financial Strain

The New York Times: Banking

Debt rose to more than $1 trillion in the second quarter, a report found — a sign of financial strain for some, even before student loan payments resume.

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Nike v. Adidas: Soccer World Cup sponsors gear up for England, Spain finale

Global Banking & Finance

Nike v. Adidas: Soccer World Cup sponsors gear up for England, Spain finale By Katherine Masters, Amy Tennery and Helen Reid NEW YORK/LONDON (Reuters) -When England and Spain face off in Sunday’s Women’s World Cup final, there will be more than sporting pride at stake.

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Bank of America calls this transportation stock a great turnaround story with 'significant upside'

CNBC: Investing

This school bus manufacturer stock still has "significant upside" ahead after already adding more than 91% from the start of the year, Bank of America says.

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How Embedded Analytics Gets You to Market Faster with a SAAS Offering

Start-ups & SMBs launching products quickly must bundle dashboards, reports, & self-service analytics into apps. Customers expect rapid value from your product (time-to-value), data security, and access to advanced capabilities. Traditional Business Intelligence (BI) tools can provide valuable data analysis capabilities, but they have a barrier to entry that can stop small and midsize businesses from capitalizing on them.

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Euro zone inflation fall confirmed, easing pressure on ECB to hike

Global Banking & Finance

Euro zone inflation fall confirmed, easing pressure on ECB to hike FRANKFURT (Reuters) – Euro zone inflation slower further and even underlying price pressures appear to have peaked, Eurostat data showed on Friday, easing pressure on the European Central Bank to keep raising rates after its fastest rate-hike cycle on record.

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Rosenblatt names its top picks to play the ‘age of A.I. gold rush’

CNBC: Investing

Rosenblatt is calling out its favorite networking and semiconductor stocks as the "age of AI gold rush" kicks into high gear.

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The biggest tech deals in H1, plus Novacap banks on shifting ad trends

PE Hub

Trive Capital-backed EarthLink acquires internet provider One Ring Networks. The post The biggest tech deals in H1, plus Novacap banks on shifting ad trends appeared first on PE Hub.

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This one stock holds the key to the market and whether this August sell-off is something bigger

CNBC: Investing

Bank of America strategists think one specific stock could hold the key to whether the tough August on Wall Street is just temporary.

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Embedding BI: Architectural Considerations and Technical Requirements

While data platforms, artificial intelligence (AI), machine learning (ML), and programming platforms have evolved to leverage big data and streaming data, the front-end user experience has not kept up. Holding onto old BI technology while everything else moves forward is holding back organizations. Traditional Business Intelligence (BI) aren’t built for modern data platforms and don’t work on modern architectures.

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Trive Capital-backed EarthLink buys internet provider One Ring Networks

PE Hub

Headquartered in Atlanta, EarthLink is an internet provider. The post Trive Capital-backed EarthLink buys internet provider One Ring Networks appeared first on PE Hub.

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Here are some of the companies saying weight loss drugs could impact their business

CNBC: Investing

CNBC Pro screened earnings call transcripts to see how a range of corporations are faring as the popularity of the treatments grows.

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Healthcare IT Outsourcing Market to Surpass 114778.53 Million by 2030 Drives Due to Rising Demand of Digital Transformation

Global Newswire by Notified: M&A

SkyQuest projects that the healthcare IT outsourcing market will attain a USD 114778.53 million value by 2030, with a CAGR of 6.3% over the forecast period (2023-2030). The rapid shift towards digitization and the need for advanced technological solutions in healthcare operations drive the healthcare IT outsourcing market. Healthcare providers seek specialized IT services to enhance patient care, streamline administrative processes, and improve operational efficiency.

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Buy this chip stock to ride a 'wave of AI-led growth,' according to B. Riley Securities

CNBC: Investing

Moderating inventory headwinds and a reacceleration in hyperscale spending should propel this chip stock into its next growth wave.

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How to Leverage AI for Actionable Insights in BI, Data, and Analytics

In the rapidly-evolving world of embedded analytics and business intelligence, one important question has emerged at the forefront: How can you leverage artificial intelligence (AI) to enhance your application’s analytics capabilities? Imagine having an AI tool that answers your user’s questions with a deep understanding of the context in their business and applications, nuances of their industry, and unique challenges they face.

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Cisco Full-Stack Observability Platform: Rapid Development and Partner Collaboration

Cisco: M&A

Collaboration was key in the development of the platform In June 2022, Cisco announced plans to develop Cisco Full-Stack Observability (FSO) platform, expanding upon the foundations set by… Read more on Cisco Blogs

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These dividend-paying stocks offer attractive income and a good opportunity, this portfolio manager says

CNBC: Investing

Neuberger Berman senior portfolio manager Sandy Pomeroy lays out her argument for dividend stocks and names opportunities ahead.

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Apollo completes take-private buyout of manufacturer Arconic

PE Hub

The transaction includes a minority investment from Irenic Capital Management. The post Apollo completes take-private buyout of manufacturer Arconic appeared first on PE Hub.

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Wall Street awaits hotly anticipated Nvidia earnings. What the pros say to do next

CNBC: Investing

Pros on CNBC discussed Nvidia as the chipmaker prepares to announce its much-anticipated, second-quarter earnings Wednesday.

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Embedded Analytics Insights for 2024

Organizations look to embedded analytics to provide greater self-service for users, introduce AI capabilities, offer better insight into data, and provide customizable dashboards that present data in a visually pleasing, easy-to-access format. To better understand the factors behind the decision to build or buy analytics, insightsoftware partnered with Hanover Research to survey IT, software development, and analytics professionals on why they make the embedded analytics choices they do.

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Rusia, entre la guerra y la estabilidad económica

The New York Times: Banking

Las acciones del banco central subrayan el complicado momento que enfrentan las autoridades económicas rusas para intentar contener las fuerzas sísmicas desatadas por la invasión en Ucrania.

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Here's more evidence that it's really hard to make money picking stocks

CNBC: Investing

Only a handful of stocks have accounted for the bulk of wealth creation in the stock market in the last 30 years.

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TTi Logistics scores investment from LVC

PE Hub

Abacus Finance provided senior debt financing on the deal. The post TTi Logistics scores investment from LVC appeared first on PE Hub.