Thu.Aug 24, 2023

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A Milestone I Am Grateful For

H. Friedman Search

“We interrupt our regularly scheduled broadcast to bring you a special announcement.” I think I had too much of Hurricane Hilary these past few days. It is affecting my writing style. In truth, our thoughts go out to those on the West Coast who were hit way worse than we did. Now to our regularly scheduled blog about our cottage-size industry. How Many Years Has It Been In This Cottage-Size Industry?!

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The New Jersey Business Corporation Act to Permit Corporate Conversions/Domestications

JD Supra: Mergers

Effective November 4, 2023, the New Jersey Business Corporation Act (the Act) will be amended to permit conversions and domestications across all business entity types, including foreign and domestic corporations. The delay in effectiveness is to allow the New Jersey Division of Revenue Services in the Department of the Treasury (the Filing Office) time to implement changes to accommodate these actions.

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Sony is buying gaming headphone maker, Audeze

TechCrunch: M&A

Sony Interactive Entertainment (basically the PlayStation wing) today announced plans to acquire Audeze, the company has confirmed with TechCrunch. The Orange Country, California-based firm is best known for its high-end headphones, targeted at gamers and audio producers. The hardware is often priced into four-figures, but the company earns consistently high marks from reviewers and users alike.

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Insurers Owe Coverage for Settlement Despite Bump-Up Provision

JD Supra: Mergers

Applying Delaware law, the Superior Court of the State of Delaware has held that a bump up provision did not bar coverage of a settlement that resolved claims asserting breaches of fiduciary duty. On December 4, 2019, the insured media company merged with another media company. Stockholders brought several lawsuits challenging the merger and asserted claims for breach of fiduciary duty against the insured’s directors, officers, and controlling stockholders for their roles in negotiating and.

Insurance 130
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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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Private Equity: SEC Adopts Private Fund Adviser Rules

Deal Lawyers

Yesterday, the SEC announced the adoption of new rules and amendments intended to tighten the regulation of private fund advisers. Here’s the whopping 660-page adopting release and here’s the 3-page Fact Sheet.

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FTC and DOJ Announce New Enforcement Actions Against Interlocking Directorates

JD Supra: Mergers

On August 16, 2023, the US Federal Trade Commission (“FTC”) brought its first enforcement action under Section 8 of the Clayton Act in 40 years. At the same time, the US Department of Justice’s Antitrust Division (“DOJ” and with the FTC, “Agencies”) continued its recently reinvigorated Section 8 enforcement campaign, announcing that two Pinterest Inc. directors resigned from the board of Nextdoor Holdings Inc.

Trading 130

More Trending

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[Audio] The Informed Board Podcast | Will the EU’s Focus on Foreign Subsidies Make It More Difficult To Acquire European Businesses?

JD Supra: Mergers

Newly effective EU rules impose another layer of review for acquisitions in Europe. They empower the European Commission to investigate whether either the acquirer or target has received non-EU government subsidies that distort the EU internal market. While the new regulatory regime may not ultimately lead to many blocked deals, it could result in delays, and companies considering M&A in Europe will need to create comprehensive systems to track any government support they receive anywhere in

IT 130
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Are virtual wallets the future of payments?

Global Banking & Finance

Are virtual wallets the future of payments? Tareq Shaheen, PDM Director, Payment Solutions at Eastnets With the ‘wallet wars’ being waged over recent months, there has been much talk of virtual wallets becoming a vital part of the payments system.

Finance 98
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[Video] Podcast - Counsel That Cares - Increased Investor Interest in Cardiology

JD Supra: Mergers

In this episode of “Counsel That Cares,” healthcare and private equity attorney David G. Marks is joined by Stephen Scott, managing director at Bailey & Company, and Dana Jacoby, president and CEO of Vector Medical Group, to discuss contributing factors for the increased industry demand for cardiology services and the sudden spike of private equity interest in the sector.

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These stocks are getting hit hard this summer, with four down at least 50%

CNBC: Investing

These are some of the worst-performing stocks in the Russell 1000 index from Memorial Day through Wednesday.

Stock 98
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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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2023 Accounting Firm Industry Insider Series: Key Takeaways from In-Depth Conversations with Managing Partners (Part 1)

JD Supra: Mergers

The accounting industry is in a state of transition. The influx of private equity, labor shortages, and remote/hybrid work have all impacted accounting firms to varying degrees. To better understand the landscape of the accounting industry – current and the anticipated future – I have been interviewing managing partners and industry insiders regularly for the past three years.

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AT&T and more: CNBC's 'Halftime Report' traders answer your questions

CNBC: Investing

"Ask Halftime" traders answer your questions about stocks, exchange-traded funds and other investments.

Funds 98
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Antitrust Enforcement Agencies Continue to Target Interlocking Directorate Arrangements

JD Supra: Mergers

On August 16, 2023, the Federal Trade Commission (“the FTC”) marked its first enforcement action of the prohibitions on interlocking directorates under Section 8 of the Clayton Act in over 40 years. Section 8 prohibits an officer or director of one firm from simultaneously serving as an officer or director of a competing firm under most circumstances.

Trading 130
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Goldman’s list of hedge fund favorite stocks is beating the market. Here’s what’s in it

CNBC: Investing

Goldman Sachs' Hedge Fund VIP list represents a tool for investors seeking to "follow the smart money" based on 13F filings.

Funds 98
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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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Majority of prop trading firms obliged to join FINRA under expanded SEC rule

The TRADE

The Securities and Exchange Commission (SEC) has moved to expand the remit of national securities associations such as the Financial Industry Regulatory Authority (FINRA). to cover previously exempt proprietary trading firms. The move to increase the number of broker dealer firms registering with FINRA comes as the commission aims to promote fair, orderly, and more efficient markets.

Trading 98
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Investors make a case for standing by Nvidia after another blowout report

CNBC: Investing

Nvidia's strong earnings report is intensifying the investing community's confidence in the unrivaled chipmaker's AI runway.

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Drinks With The Deal: Shearman’s Aryani on Getting Comfortable With Discomfort

The Deal

“If you’re not uncomfortable, you’re not learning,” said Lara Aryani, an M&A partner at Shearman & Sterling LLP in New York, on this week’s Drinks With The Deal podcast. As an associate, Aryani embraced that sentiment in changing her focus from capital markets work to M&A. “When I thought about what I wanted to do more of, I was looking to the practice area that I was a little less familiar with, a little bit more uncomfortable in,” she said.

M&A 98
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Here are Thursday's biggest analyst calls: Nvidia, Apple, Amazon, Splunk, Peloton, Rivian, AMC and more

CNBC: Investing

Here are Thursday's biggest calls on Wall Street.

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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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ThousandEyes Pi4 Wireless Deployment at Black Hat USA

Cisco: M&A

A deployment guide for wireless ThousandEyes agents deployed to monitor the Black Hat 2023 conference by Adam Kilgore & Ryan MacLennan ThousandEyes (TE) Black Hat 2023 Deployment Guide This guide… Read more on Cisco Blogs

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Rosenblatt raises its Nvidia price target to a Wall Street high, sees the stock more than doubling

CNBC: Investing

The firm increased its price target on shares to $1,100 from $800 on the back of Nvidia's successful quarterly earnings report.

IT 98
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What is Vertical SAAS and How Will It Change the Space

Global Banking & Finance

What is Vertical SAAS and How Will It Change the Space By Matt Caiola, Co-CEO of 5WPR, a leading PR agency. Vertical SaaS is a new type of software-as-a-service that is transforming the way businesses operate. It’s also known as industry-specific SaaS or “verticals.

IT 98
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Nvidia's blowout quarter is a bullish signal for stocks, but not right now, investors say

CNBC: Investing

Some on Wall Street expect equities will continue to churn through some seasonal weakness.

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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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CloudFabrix helps organizations observe their vSphere environments with cloud native applications on Cisco FSO Platform

Cisco: M&A

As organizations build, modernize, and deploy business-critical applications including traditional and on-premise, hybrid applications, and modern, distributed (cloud native), they need more… Read more on Cisco Blogs

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These are Wall Street analysts' favorite chip stocks, including three expected to rally around 30%

CNBC: Investing

These semiconductor names are among Wall Street's top picks.

Stock 98
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Building Trust from the Ground Up: The Role of Secure ZTP in Zero Trust Networks

Cisco: M&A

In today’s fast-paced and hyper-connected world, gone are the days when deploying network devices required sending an expert to each location — a cumbersome, time-consuming, and error-prone process… Read more on Cisco Blogs

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Nvidia reported another blowout quarter, and analysts don't see that momentum waning

CNBC: Investing

The chipmaker's report received applause across Wall Street.

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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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Smart Display Market Size to Surpass USD 22.02 Billion by 2029, exhibiting a CAGR of 21.0%

Global Newswire by Notified: M&A

As per the report by Fortune Business Insights, the global Smart Display Market size is projected to reach USD 22.02 Billion by 2029 at a CAGR of 21.0%during the forecast period. As per the report by Fortune Business Insights, the global Smart Display Market size is projected to reach USD 22.02 Billion by 2029 at a CAGR of 21.0%during the forecast period.

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Piper Sandler raises Amazon price target as the e-commerce giant nears a 'margin renaissance'

CNBC: Investing

The firm raised its price target for shares of Amazon.

Shares 98
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Workers at Gatwick Airport scrap planned strike after improved pay offer

Global Banking & Finance

Workers at Gatwick Airport scrap planned strike after improved pay offer (Reuters) – Planned strikes at Britain’s Gatwick Airport this weekend have been suspended after workers accepted improved pay offers, the Unite trade union said on Thursday.

Trading 97
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This Johnson & Johnson spin-off could rally more than 20%, Goldman Sachs predicts

CNBC: Investing

The firm raised its rating to buy and target price to imply gains of nearly 23% ahead.

IT 98
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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?