JD Supra: Mergers
JANUARY 2, 2024
2023 was a very significant year for every compliance practitioner and compliance program. While there was a paucity of corporate enforcement actions under the Foreign Corrupt Practices Act (FCPA), there were significant announcements from the Department of Justice (DOJ) which directly impact compliance professionals and compliance programs.
Deal Lawyers
JANUARY 2, 2024
Following implementation of the SEC’s universal proxy rules, disputes about activists’ compliance with advance notice bylaws have become one of the key battlegrounds in proxy contests. Last week, in Kellner v. AIM Immunotech, (Del. Ch.; 12/23), the Chancery Court addressed a challenge to amendments to a company’s advance notice bylaw adopted during a proxy contest.
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JD Supra: Mergers
JANUARY 2, 2024
It’s official: the Corporate Transparency Act (the “Act”) has gone into effect January 1, 2024. On December 21, 2023, the Financial Crimes Enforcement Network (“FinCEN”) issued its second final rule establishing the framework for access to and protection of beneficial ownership information (“BOI”) pursuant to the CTA. During the final day of 2023, it was clear that FinCEN was preparing itself to begin the BOI reporting as of January 1, 2024.
CNBC: Investing
JANUARY 2, 2024
Steve Eisman of Neuberger Berman sees little tolerance for things going wrong. He warns the Federal Reserve will likely cut rates fewer times than expected.
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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?
JD Supra: Mergers
JANUARY 2, 2024
Special purpose acquisition companies (“SPACs”) have been in the litigation spotlight recently. As SPAC disputes play out in courts nationwide, one especially interesting field of play is in the Delaware Chancery courts where SPAC shareholders are pursuing breach of fiduciary duty cases against SPAC sponsors, officers, and directors. How did this litigation develop, and where does it stand now?
Investment Banking Today brings together the best content for investment banking professionals from the widest variety of industry thought leaders.
JD Supra: Mergers
JANUARY 2, 2024
The Corporate Transparency Act (CTA), designed to combat the use of shell companies for illicit purposes and increase ownership transparency in corporate structures, takes effect on January 1, 2024. As discussed in more detail in The Corporate Transparency Act: What To Know and Expect Starting January 1, 2024, the CTA will require an estimated 30 million entities not specifically exempted under the CTA—known as Reporting Companies —to identify and report to the U.S.
Global Banking & Finance
JANUARY 2, 2024
European shares kick off 2024 on dour note; tech stocks lead declines By Ankika Biswas and Shashwat Chauhan (Reuters) -Europe’s benchmark stock index capped off the first trading day of the New Year lower with technology stocks amongst top decliners on Tuesday, as traders bid adieu to an upbeat 2023 that was fuelled by expectations […]
JD Supra: Mergers
JANUARY 2, 2024
UK CMA Provides First Informal Guidance on Environmental Sustainability Agreement - On 14 December 2023, the UK Competition and Markets Authority (CMA) published its first informal guidance on the application of UK competition law to an environmental sustainability agreement.
Global Banking & Finance
JANUARY 2, 2024
For investors, 2024 is year of transition to a new economic order By Paritosh Bansal (Reuters) – Investors appear convinced that major Western central banks are close to a much awaited pivot, from raising interest rates to cutting them.
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.
JD Supra: Mergers
JANUARY 2, 2024
NetApp Inc. v. Cinelli, C.A. No. 2020-1000-LWW (Del. Ch. Aug. 2, 2023) - This decision arose out of the sale of the company Cloud Jumper to NetApp, Inc. The seller’s management had been recording internal software use as revenue in its unaudited financial statements but never disclosed this practice to the buyer in the sale’s process. In this post-trial opinion, in addition to breaches of contract, the Court of Chancery held that the defendants were liable for fraud because they failed to.
Global Banking & Finance
JANUARY 2, 2024
‘It was a miracle’: How passengers escaped a JAL fireball in Tokyo By Daniel Leussink and Yoshifumi Takemoto HANEDA AIRPORT, Tokyo, Japan (Reuters) – The flight between the northern city of Sapporo and Tokyo’s Haneda airport is Japan’s busiest air route, and one of the most frequent services anywhere in the world.
JD Supra: Mergers
JANUARY 2, 2024
Cygnus Opportunity Fund, LLC v. Washington Prime Group, LLC, C.A. No. 2022-0718-JTL (Del. Ch. Aug. 9, 2023) - An Indiana corporation reorganized via bankruptcy into a Delaware LLC, and a senior note holder negotiated for nearly 90 percent of the equity. The LLC agreement required that at least one member of the five-member board of managers be independent.
CNBC: Investing
JANUARY 2, 2024
The founder and senior portfolio manager of the Satori Fund selected two names from the so-called Magnificent Seven as his favored shares for the new year.
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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.
Global Banking & Finance
JANUARY 2, 2024
Oil prices stable as economic headwinds offset Red Sea disruptions By Georgina McCartney HOUSTON (Reuters) -Oil prices were little changed in the first session of the new year, as the impact of economic headwinds unravelled gains from potential disruptions to supply due to tensions in the Red Sea.
PE Hub
JANUARY 2, 2024
As part of the transaction, USDCF has also acquired the West Colton Rail Terminal, a biofuels terminal in California. The post Ara Partners acquires USD Clean Fuels appeared first on PE Hub.
Global Banking & Finance
JANUARY 2, 2024
Japan quake toll rises to 55 with many trapped under possibly thousands of homes By Kiyoshi Takenaka, Sakura Murakami and Kantaro Komiya WAJIMA, Japan (Reuters) – A powerful earthquake that hit Japan on New Year’s Day killed at least 55 people, with rescue teams struggling in freezing temperatures on Tuesday to reach coastal areas where […]
CNBC: Investing
JANUARY 2, 2024
The markets saw an almost vertical rally in the last two months of December and this has propelled all major indices into overbought territory.
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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.
Global Banking & Finance
JANUARY 2, 2024
Global stocks retreat, Treasury yields rise as rate cut optimism fades By Herbert Lash and Elizabeth Howcroft NEW YORK/LONDON (Reuters) -Stocks on Wall Street and in Europe fell on Tuesday, along with prices for U.S. and other government debt, as market optimism that the Federal Reserve will cut interest rates sharply this year faded.
CNBC: Investing
JANUARY 2, 2024
Bitcoin popped to start the new year as eager investors drove the price to nearly $46,000 on Tuesday.
PE Hub
JANUARY 2, 2024
Danone is a global food and beverage company. The post Platinum Equity to acquire organic milk producer Horizon Organic and yogurt brand Wallaby appeared first on PE Hub.
CNBC: Investing
JANUARY 2, 2024
As the new year kicks off, Bank of America is laying out some of its top long and short ideas for the first quarter.
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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.
PE Hub
JANUARY 2, 2024
Imperial Dade is a distributor of foodservice packaging supplies, industrial products, and janitorial supplies. The post Advent-backed Imperial Dade acquires janitorial and sanitation products provider Insight Distributing appeared first on PE Hub.
Global Banking & Finance
JANUARY 2, 2024
The power of lending relationships in syndicated loans Borrowing from relationship banks could save millions of dollars for borrowers in the primary market of syndicated loans, says Yafei Zhang, Lecturer in Finance at Alliance Manchester Business School. Syndicated loans are among the most important external financing sources for firms all over the world.
PE Hub
JANUARY 2, 2024
The deal also includes the acquisition of Weiss Instruments, which Miljoco acquired in 2022. The post Arcline-backed DwyerOmega acquires measurement instruments provider Mijoco appeared first on PE Hub.
CNBC: Investing
JANUARY 2, 2024
The bank lowered its rating on the tech giant to underweight from equal weight.
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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.
PE Hub
JANUARY 2, 2024
Most recently, Duchin served in various senior executive roles at Bayer Consumer Care. The post Avista Capital appoints Duchin as strategic exec appeared first on PE Hub.
CNBC: Investing
JANUARY 2, 2024
Gold mining stocks underperformed the broader stock market and the price of gold in 2023.
PE Hub
JANUARY 2, 2024
Based in Norwood, Massachusetts, Amplix is a provider of strategic technology advisory, consulting, implementation, and managed services. The post Gemspring-backed Amplix snaps up tech advisor Go2 Communications appeared first on PE Hub.
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