Wed.Jun 21, 2023

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Due Diligence: Top Issues for Tech Sector Deals

Deal Lawyers

A recent Gibson Dunn memo provides an overview of the top tech sector due diligence issues in M&A transactions.

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European car sales rise in May – ACEA

Global Banking & Finance

European car sales rise in May – ACEA BERLIN (Reuters) – European new car registrations increased in May, data from the region’s carmaker association showed on Wednesday. The number of new vehicles registered that month in the European Union, Britain and the European Free Trade Association (EFTA) grew by 18.2% to 1.

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Navigating Layoffs in Investment Banking

OfficeHours

We’ve had dozens of laid off investment banking analysts and associates reach out to us for how to navigate a tough job market. More surprisingly, a handful of private equity associates have also reached out about being laid off or being put on performance plans in a tough market. From Goldman Sachs to Morgan Stanley to Citi and beyond, it seems like even the biggest banks are being impacted by reduced deal flow, and there’s still room for the dominos to fall.

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UK’s Halfords expects pricing efforts to drive profits

Global Banking & Finance

UK’s Halfords expects pricing efforts to drive profits By Sarah Young LONDON (Reuters) -Halfords forecast profit would rise 3% in its current financial year, saying its efforts to keep prices low should help it to retain customers squeezed by inflation that limits their power to spend on bikes and motoring. British inflation held at 8.

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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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Experienced Investment Banking Analyst Resume Template for Lateral Banking and Private Equity Recruiting

OfficeHours

Once you’ve started a full time role, we recommend updating your resume to emphasizing your current banking role and transaction experience, while shortening old experience from internships and college. Notably, with limited real estate after incorporating new deal experience, you should move your education section to the bottom of your resume and make sure the experiences you include relate to the next job you are looking for.

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Oil rallies as grain markets tighten, dollar falls on Fed Chair comments

Global Banking & Finance

Oil rallies as grain markets tighten, dollar falls on Fed Chair comments By Shariq Khan BENGALURU (Reuters) -Oil prices gained a dollar a barrel on Wednesday as U.S. corn and soybean prices raced to multi-month highs, raising expectations that crop shortfalls around the globe could lower biofuels blending and increase oil demand.

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Intelsat, SES end merger talks – source

Global Banking & Finance

Intelsat, SES end merger talks – source By Nilutpal Timsina (Reuters) -Intelsat has ended merger talks with SES SA, a source familiar with the matter told Reuters on Wednesday, ending what would have signaled further consolidation in the rapidly changing satellite internet industry.

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Asset Sale or Share Sale? Key Considerations About the Legal and Employment Implications

JD Supra: Mergers

When it comes to selling a business, there are two primary methods: an asset sale and a share sale. Both have their own advantages and disadvantages, and it is important to understand the key legal differences between the two.

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UK manufacturers see lowest inflation since Feb 2021 – CBI

Global Banking & Finance

UK manufacturers see lowest inflation since Feb 2021 – CBI LONDON (Reuters) – British manufacturers expect to raise prices by the smallest amount since February 2021 over the next three months although price increases will still be much faster than their long-run average, a survey showed on Wednesday.

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What does the new CFIUS proposed rule mean for foreign investment?

JD Supra: Mergers

Last month, the Committee on Foreign Investment in the United States (CFIUS) issued a proposed rule that could restrict foreign investment in real estate located near certain military bases. As background, CFIUS is made up of U.S. agencies that collectively review transactions for national security concerns. The process can block deals entirely, in extreme circumstances, or impose significant reporting and mitigation measures.

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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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Factbox-Aviation emissions targets in focus at Paris Airshow

Global Banking & Finance

Factbox-Aviation emissions targets in focus at Paris Airshow By Joanna Plucinska PARIS (Reuters) – Big deals at this week’s Paris Airshow have highlighted a sharp recovery in air travel demand. The sector promises to reduce net emissions to zero by 2050. Green groups say more planes in the sky could hamper those efforts.

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Non-banking lender SMFG India Credit eyes Rs 75,000 cr loan book by FY26

Business Standard - FInance

Mid-sized non-banking lender SMFG India Credit, formerly Fullerton India Credit, is looking at doubling the loan book over the next two-three years from the present Rs 36,000 crore. Japanese financial powerhouse SMFG bought a controlling 74.9 per cent stake in Fullerton in December 2021 for an undisclosed sum, and from May 2023, it was renamed as SMFG India Credit.

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German recession will be sharper than expected: Ifo

Global Banking & Finance

German recession will be sharper than expected: Ifo BERLIN (Reuters) -The German economy will contract more than previously expected this year as sticky inflation takes its toll on private consumption, the Ifo Institute said on Wednesday while presenting its forecasts.

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Investment Banking in Dubai: The New York of the Middle East?

Mergers and Inquisitions

Investment banking in Dubai stands out for attracting remarkable hype on social media. You’ll find influencers on Instagram, TikTok, LinkedIn, and other sites constantly praising Dubai and claiming it’s the best place to work or start a business. It’s almost like the city has its own PR department and never-ending marketing campaign. If you’re interested in the Middle East or have connections to the region, all this hype has probably made you wonder about finance careers there.

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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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UK’s Berkeley forecasts 20% drop in house sales as interest rates rises weigh

Global Banking & Finance

UK’s Berkeley forecasts 20% drop in house sales as interest rates rises weigh By Suban Abdulla and Aby Jose Koilparambil (Reuters) -British high-end housebuilder Berkeley on Wednesday forecast a 20% drop in sales for the fiscal year that began on May 1, as demand suffers from rising interest rates and tough trading conditions due to […]

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Buyer preference for bigger, premium homes is big win for these 11 builders

Business Standard - FInance

The 11 large and listed realtors in the sample set are Brigade Enterprises, DLF, Godrej Properties, Kolte-Patil Developers, Macrotech Developers, Mahindra Lifespace Developers, Oberoi Realty, Prestige

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Samantha McLemore, who worked with Bill Miller for 20 years, finds value in these 2 stocks

CNBC: Investing

Samantha McLemore, Bill Miller's longtime co-manager who struck out to start her own fund, has her eyes on some of the most hated stocks in the market.

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PRESS RELEASE: TKO Miller, LLC Expands Capabilities With Three New Hires

TKO Miller

MILWAUKEE, WI. – TKO Miller, LLC, a middle-market investment banking firm based in Milwaukee, WI, announced three new additions to its team. Griffin Oleszczuk, J.D., Noah DeGroot, and Jack Hastreiter joined the firm as Analysts in its mergers and acquisitions advisory practice where they will be responsible for supporting senior members of the firm, executing M&A transactions, and conducting company research.

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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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Diamond prices have fallen 18% from their peak — and analysts say there's still more room to plunge

CNBC: Investing

Diamonds, alongside other jewelry, saw elevated prices during the Covid-19 pandemic which culminated in a peak early last year.

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Cisco Announces Intent to Acquire Accedian: Accelerating High Performance Service Assurance 

Cisco: M&A

In today’s world, almost every industry is undergoing digital transformation and connectivity is key to productivity, business efficiency, and service delivery.

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Bank of America says Amazon shares follow a clear upward pattern heading into Prime Day

CNBC: Investing

Amazon has made it official: Prime Day will return on July 11 and 12 this year.

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Unleash the Business Potential of the Cisco Catalyst SD-WAN API

Cisco: M&A

If you’re wondering why an automation tool like the Cisco Catalyst SD-WAN would need more APIs and additional automation, don’t worry — you’re not alone.

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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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Bernstein sees a $5 trillion opportunity in blockchains for financial markets

CNBC: Investing

If financial incumbents want to be part of the modernization of financial markets, they need to adopt blockchains, according to Bernstein.

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75% Indians don't have funds for emergencies: How to save and plan for it

Business Standard - FInance

Most thumb rules related to emergency fund planning state that you must have 6-9 months of your fixed monthly expenses saved away in an easily accessible and low risk asset class.

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A.I. should help this software company get customers to stay and spend more, BMO says

CNBC: Investing

BMO upgraded the stock to outperform from market perform.

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Sensex at record high: Time to rebalance your portfolios, book profits?

Business Standard - FInance

Equity Mutual Fund investing is strictly meant for your long-term goals, so it makes little sense to try and time your exits and entries or to repeatedly "book profits" and sit on the sidelines.

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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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Goldman Sachs says this Brazilian oil giant that's already up more than 30% can rally even further

CNBC: Investing

The firm's price target implies shares could rally 27.2% after already gaining 33.6% so far this year.

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IIFCL targets to raise Rs 17,000 crore from bond issuances in FY24

Business Standard - FInance

Infra financier IIFCL is targeting to raise up to Rs 17,000 crore through bond issuances in FY24, a top official said on Tuesday. The state-run company has already raised Rs 500 crore through a bond issue and will be doing issuances in tranches of Rs 2,000-3,000 crore going ahead, its managing director P R Jaishankar told reporters here. He said India Infrastructure Finance Company (IIFCL) will be looking at five to six more tranches of bond issuances in the remainder of the year to meet the tar

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Here are Wednesday's biggest analyst calls: Nike, Tesla, Amazon, Apple, Adobe, Uber, Micron and more

CNBC: Investing

Here are Wednesday's biggest calls on Wall Street.

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Treasury-bill auction sees firm demand on hopes of improving liquidity

Business Standard - FInance

Surplus liquidity in the system, as indicated by the amount of funds that banks park with RBI, increased to Rs 34,843.21 crore on Tuesday, from Rs 18,657.

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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?