Mon.Oct 16, 2023

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Clock is Ticking on New York's Non-Compete-Ban Bill

JD Supra: Mergers

While many in the antitrust community have been focused on the FTC’s proposed ban of non-competes, the states also have been active in this area. Earlier this year, the New York legislature passed a broad non-compete ban, which has been awaiting Governor Hochul’s approval for several months. Governor Hochul had expressed support for a non-compete ban applicable to workers who earn below the state median wage.

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10-16-2023 Newsletter: So you want to pursue a role in Private Equity?

OfficeHours

If you’re a ‘ new kid on the block ’ in the world of finance, you might have thought about what it’s really like to work on the Buyside and if all the excitement is true. People often say not to mess up an interview because it could affect your chances for more opportunities in the future. Take advantage of our October Promotion! But what if you’re just curious about how you’d do?

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Department of Justice Seeks to Reward Due Diligence and Timely Self-Disclosures in Mergers & Acquisitions Through New Safe Harbor Policy

JD Supra: Mergers

The United States Department of Justice (DOJ) recently announced a new department-wide Mergers & Acquisitions Safe Harbor Policy that protects acquiring companies that self-disclose criminal misconduct discovered at an acquired company. For acquiring companies that promptly and voluntarily disclose criminal misconduct, fully cooperate in the government’s investigation, and provide timely remediation, restitution, and disgorgement of….

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Bill Snow: From Sales to Mergers and Acquisitions Expert -E149

How2Exit

b' E149: Bill Snow: From Sales to Mergers and Acquisitions Expert - Watch Here rn rn Here is what my team and I learned from this interview: (These are notes from team members, writers, sometimes AI, and even listeners who submitted what i learned loosely edited and shared here) - If it seems a bit unrefined, you're reading our notes, so. yeah. -Ron rn rn Sponsor: rn rn Reconciled provides industry-leading virtual bookkeeping and accounting services for busy business owners and entrepreneurs acr

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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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DOJ Announces Extension of Voluntary Self-Disclosure Guidance for Misconduct Discovered Through M&A Due Diligence

JD Supra: Mergers

On October 4, 2023, the U.S. Department of Justice (DOJ) announced a uniform approach for the resolution of voluntary self-disclosure (VSD) of misconduct discovered during M&A due diligence. The Mergers & Acquisitions Safe Harbor Policy (M&A Safe Harbor) provides that, absent aggravating factors, the DOJ presumptively will decline to press charges if the acquiring company voluntarily discloses and remediates, in a timely manner, any misconduct discovered during pre- and post-acquisit

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More Trending

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DOJ and FTC Using New Weapons to Attack Antitrust Conduct

JD Supra: Mergers

In spring 2022, the Department of Justice (the DOJ) announced its intention to aggressively pursue monopolization cases. While the DOJ is continuing its aggressive prosecution of criminal cases, it is also now utilizing alternative methods to pursue alleged monopolistic conduct. Please see full Publication below for more information.

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Fiduciary Duties: Thinking Strategically About Strategic Alternatives

Deal Lawyers

This recent Cooley blog provides guidance on how boards should approach assessments of multiple strategic alternatives and offers up 13 principles that directors should keep in mind when engaging in that process.

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How Much Money Should You Have Saved by 30?

OfficeHours

If you’re in your 20s, you have probably thought about saving, investing, or retirement in some way. Even though it may seem far off, it’s never too early to start seriously thinking about how much you are saving and how you can make your money work for you in an effective way that requires little time or effort on your end. At the same, it’s not too late if you are closer to 30 or older!

Debt 113
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Britain pulls rules aimed at applying lessons from Carillion, BHS, collapses

Global Banking & Finance

Britain pulls rules aimed at applying lessons from Carillion, BHS, collapses By Huw Jones LONDON (Reuters) – Britain on Monday unexpectedly scrapped “burdensome” draft rules is has already put to parliament for approval just 13 weeks ago to apply lessons from the collapse of builder Carillion and retailer BHS.

Retail 131
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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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Rite Aid Files for Bankruptcy, Facing Slumping Sales and Opioid Suits

The New York Times: Mergers, Acquisitions and Dive

The pharmacy chain, one of the country’s largest, faces more than a thousand lawsuits that say it filled illegal prescriptions for painkillers.

Sale 144
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Dollar gains against yen, eases against euro

Global Banking & Finance

Dollar gains against yen, eases against euro By Karen Brettell NEW YORK (Reuters) – The dollar was mixed on Monday before a week heavy with speeches by Federal Reserve officials that will be watched for further clues on interest rate policy and as investors monitored developments in the Middle East.

Investors 130
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China Bet It All on Real Estate. Now Its Economy Is Paying the Price.

The New York Times: Banking

After relying on a borrow-to-build model for decades, Beijing must make difficult choices about the country’s housing market and economic future.

IT 139
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Italy unveils tax-cutting 2024 budget amid debt worries

Global Banking & Finance

Italy unveils tax-cutting 2024 budget amid debt worries By Giuseppe Fonte and Gavin Jones ROME (Reuters) -Italy’s government on Monday approved a budget for next year with measures worth around 24 billion euros ($25.3 billion) in tax cuts and increased spending, despite market concerns over the country’s strained public finances.

Debt 126
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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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Goldman Sachs upgrades this homebuilder stock, says it can outperform despite higher mortgage rates

CNBC: Investing

This construction company's focus on sales volume could help push the stock higher as consumer affordability remains tight, Goldman Sachs says.

Stock 136
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Why PE Investors Care About Inflation

OfficeHours

For private equity investors who have been monitoring the situation around inflation for the last few months to a year, many have been disappointed to see the slow trajectory with which inflation has been coming down from highs. Currently, inflation in the U.S. sits around 3.7%; while that is certainly better than the 8% and 9% seen earlier this year, it still remains a key point of concern for anyone monitoring the economic situation.

Investors 100
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Cathie Wood says the bond market is key to a resurgence in her favorite innovation stocks

CNBC: Investing

Ark Invest's Cathie Wood said her innovation darlings are poised to lead the market once bonds start to rally and push interest rates lower.

Stock 129
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Why Take-Private Dealmaking Remains Attractive for PE Investors

OfficeHours

In today’s world, there is much uncertainty around public markets. However, for private equity investors, this uncertainty represents a unique opportunity to take advantage of investment opportunities in public markets. A “take-private” transaction in the context of private equity is a process by which a PE firm acquires a publicly listed company and converts it into a privately held entity.

Investors 100
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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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The bitcoin safe haven trade is back on, says Bernstein

CNBC: Investing

With recession fears swelling again, investors seeking a safe place to put their assets should be interested in bitcoin, says Bernstein.

Trading 129
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Exit Strategies for PE Investors

OfficeHours

For private equity investors, one of the most important considerations for a successful investment is determining the value the firm will receive at exit, which directly impacts fund returns. Private equity investors often have a 5 to 7-year investment horizon and expect a significant return at the end of this hold period. During this period, firms will help the acquired company create value in a variety of ways, including operational improvements, significant restructuring, and other value-adde

Investors 100
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UBS upgrades this 'core' health-care stock, sees nearly 20% upside

CNBC: Investing

The firm upgraded shares of the health-care giant to buy from neutral and raised its target price to $640 from $520.

Stock 135
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SEC adopts new short selling rule to bolster transparency for market participants

The TRADE

The US Securities and Exchange Commission (SEC) has adopted a new rule to bolster transparency to market participants through increased public availability of short sale related data. Named Rule 13f-2, the new rule will require institutional investment managers that meet or exceed specific thresholds to report short sale related information for equity securities through Form SHO.

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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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Stifel upgrades Colgate-Palmolive, sees 14% upside driven by strong Hill's pet food sales

CNBC: Investing

The investment bank cut its price target 5% but thinks declining inflation and strong pricing power will still help lift shares in the year ahead.

Food 117
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Hack Your Way to a New Career in Cybersecurity: Cisco Networking Academy offers new Ethical Hacker course

Cisco: M&A

With the ever-increasing complexity of technology, organizations must build cybersecurity resilience to stay ahead of the unknown, persistent, and lurking threats. And the threat is growing.

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Buy this electrotherapy stock for more than 62% upside, RBC Capital Markets says

CNBC: Investing

This electrotherapy stock could benefit if the company moves into the patient monitoring market, the firm said.

Stock 133
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New Cybersecurity and Cloud skills to protect companies from cybersecurity attacks of the future

Cisco: M&A

Cisco announces new Multicloud Certifications focused on connectivity and security to ensure IT professionals have the skills to defend future cyber-attacks – get started with a special deal on Cisco … Read more on Cisco Blogs

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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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These AI 'enablers, adopters and adapters' are seeing earnings grow and their stocks outperform, Evercore ISI says

CNBC: Investing

Evercore ISI is updating some of its top picks that are poised to benefit from AI as third-quarter earnings season kicks into high gear.

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How sponsors can anticipate shocks affecting their portfolio companies

PE Hub

The key is to anticipate fallout quickly and accurately while clearly communicating any ramifications. The post How sponsors can anticipate shocks affecting their portfolio companies appeared first on PE Hub.

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Analysts are getting bullish on these corporate earnings slated for release this week

CNBC: Investing

Wall Street analysts predict these companies will upsides following their quarterly earnings announcements this week.