Wed.Oct 09, 2024

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Investor Choice

Harvard Corporate Governance

Posted by John Galloway, Vanguard, Inc., on Wednesday, October 9, 2024 Editor's Note: John Galloway is Global Head of Investment Stewardship at Vanguard, Inc. This post is based on a Vanguard Investment Stewardship memorandum. First announced in November 2022, Vanguard’s Investor Choice pilot program has enabled individual investors to express their perspective on shareholder matters at the companies held in their equity index funds.

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Tupperware, Avon Lose Out To New Marketing Maestros

Global Finance

The recent bankruptcy declarations by Tupperware and Avon Products (API) demonstrate the weakness of a direct-seller model. Tupperware, the plastic containers maker, filed for bankruptcy in September. That came just one month after API, the US-based nonoperational holding company of Avon beauty brands, filed to restructure its debt due to previous and ongoing litigation regarding talc contamination in its products.

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The Surprising Survival—So Far—of the Corporate Contribution Ban

Harvard Corporate Governance

Posted by Richard Briffault (Columbia Law School), on Wednesday, October 9, 2024 Editor's Note: Richard Briffault is the Joseph P. Chamberlain Professor of Legislation at Columbia Law School. This post is based on his recent article forthcoming in the Chicago Business Law Review. In Citizens United v. Federal Election Commission , the Supreme Court invalidated the longstanding ban on the expenditure of corporate funds in federal election campaigns.

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Standard Chartered Utilizes AI-Based Talent Marketplace

Global Finance

Standard Chartered is using an artificial intelligence-based Talent Marketplace, developed by New York-headquartered Gloat, to match employees’ skills with project-specific internal gigs. Using a “skills passport,” employees can apply for projects, enhancing their skills and unlocking opportunities to participate in more internal roles. Following an initial 12,000-person pilot in India, which resulted in the biggest increase of year-on-year career satisfaction, it has been used by 39,000 employe

Start-ups 111
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How to Leverage Intent Data for Better Outcomes

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

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Major Tesla Supplier Arcadium Lithium Jumps Over 30% In Pre-Market After Rio Tinto Agrees To Buy Company For $6.7B

Benzinga

Rio Tinto PLC ADR (NYSE: RIO ) has announced a definitive agreement to acquire Arcadium Lithium plc (NYSE: ALTM ) in an all-cash deal valued at $6.7 billion. What Happened : As per the press release on Wednesday, the acquisition price of $5.85 per share represents a 90% premium over Arcadium’s closing price on Oct. 4. According to Benzinga Pro , at the time of writing, Arcadium was up by 29.48% in pre-market since its Tuesday close while Rio was trading 1.16% lower than its previous day

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Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by Pray Hard

Appraisers Blog

How did it get to “everything is about the appraiser”, “everything is the appraiser’s responsibility”, “why are you calling us”? I ask the AMC if a month old bid is still active? Just had a three or four week old bid cancelled12 hours prior to inspection appt. Appointment changed three times by borrower. “Was it your idea change the inspection time Mr.

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Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by Flash

Appraisers Blog

In reply to Scott. Good for you. I have had assignments canceled after 1 day of inspection by an amc yet I was paid in full immediately for the assignments. Or else I would put a Mechanics Lien on the property with the county and stop the loan until I was paid in full plus costs of adding and removal costs of the lien. As an independent contractor appraiser, you have every right to add a Mechanic Lien when people play games with an appraiser and their time.

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Exempt organizations matters on 2024-2025 Priority Guidance Plan

LaPorte

(authored by RSM US LLP) The 2024-2025 Priority Guidance Plan identifies projects that the Treasury Department and IRS intend to prioritize during the July 1, 2024, through June 30, 2025, plan year, including items affecting exempt organizations. The post Exempt organizations matters on 2024-2025 Priority Guidance Plan first appeared on LaPorte.

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Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by Scott

Appraisers Blog

The AMC was almost laughing about a rush order that was cancelled just before I was at the door and was going to stiff me. I called the lender and they had collected a deposit and they said no one should have to work for free.

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Africa: Remittance Startup Targets Fees

Global Finance

Benjamin Fernandes’ goal for the fintech startup he launched in 2018, NALA, was to speed up money transfers within his native Tanzania. It now operates in nearly a dozen African countries, providing African ex-pats working in the US and 20 European countries with a more affordable way to send money home. Last year alone, those outside Africa spent $8 billion in transfer fees.

Finance 95
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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

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Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by Flash

Appraisers Blog

In reply to Frustrated Appraiser. The National Lien and Bond Company has a two minute online help page for all 50 States. There is either a Notice of Intent to file a lien or Notice of a filed lien. Hopefully this will help readers to understand which state and the process of defending your work if needed. It’s really an easy process and strikes fear in a management company, lender or escrow company should the appraiser lock up a loan process due to an unpaid appraisal.

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Author Talks: The hidden effects of climate on the health of our kids

Mckinsey and Company

Pediatrician Debra Hendrickson shines a light on the insidious and unseen link between our changing climate and our children’s well-being—and on small steps all of us can take to help.

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Comment on New UAD Overhaul: What Appraisers Can Expect in 2025 & Beyond by Frank Palatella

Appraisers Blog

In the past week, 20 more appraisal licenses disappeared in CA. At the current rate, our state is on a pace to lose over 10% of all active licenses in the next year. The beginning of the landslide is upon us. Appraisers are leaving the profession in record numbers, so the writing is on the wall. PAREA won’t fix it, so the AI modeling better get a whole lot better in a hurry.

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Private lender HPS exploring $10bn sale to bidders including BlackRock

Financial Times M&A

Firm is also weighing IPO while world’s largest money manager seeks to boost its presence in alternative investments

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Mastering Intent Data: Understanding its Importance & Best Practices

Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

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Comment on New UAD Overhaul: What Appraisers Can Expect in 2025 & Beyond by Mike Ford, AGA™

Appraisers Blog

In reply to Realist. Part of the problem is people want condos to be something they are not. 1. Condominium is a subdivision of airspace. It may or may not ALSO include a site comprised of land. They may look like an SFR but they are not. 2. The term ‘site condo’ should never have been coined. It has no universally accepted definition. It is an artificial construct legally.

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Bernard Arnault partners Red Bull to buy Paris FC in latest move into sport

Financial Times M&A

Alliance with soft-drink maker comes a week after LVMH clinched a 10-year deal with Formula One

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Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by Frustrated Appraiser

Appraisers Blog

According to the Appraisal Regulation Compliance Council, the median average AMC fee charged to borrowers was 65% of the appraisal fee.

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What is decarbonization?

Mckinsey and Company

Decarbonization is the reduction and removal of carbon dioxide and other greenhouse gases from the atmosphere.

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Comment on New UAD Overhaul: What Appraisers Can Expect in 2025 & Beyond by Retired Appraiser

Appraisers Blog

In reply to Frank Palatella. I predict when it drops to 1 appraiser left in the entire country he or she will finally decide to go on strike for higher fees.

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DaVita Stock Gains 47.3% Year to Date: What's Behind the Rally?

Benzinga

DaVita, Inc. (NYSE: DVA ) has witnessed strong momentum year to date, with its shares up 47.3% compared with the industry's growth of 14.8%. The S&P 500 composite has risen 19.5% in the same period. DaVita, carrying a Zacks Rank #2 (Buy) at present, is witnessing an upward trend in its stock price, prompted by the company's business model.

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Navigating Family Business Succession Planning for M&A Success

Sun Acquisitions

In the dynamic landscape of mergers and acquisitions (M&A), the intricacies of family business succession planning often need to be addressed. However, understanding and effectively managing this process is crucial for ensuring a smooth transition and long-term success, especially in M&A activities. This guide delves into the essential aspects of family business succession planning explicitly tailored for M&A, offering insights and strategies to navigate this complex terrain.

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Fee Income to Support Citizens Financial's Q3 Earnings Amid Lower NII

Benzinga

Citizens Financial Group, Inc. (NYSE: CFG ) is scheduled to report its third-quarter 2024 results on Oct. 16, before the opening bell. The company's earnings and revenues in the third quarter are expected to have declined from the year-ago reported figures. In the second quarter of 2024, CFG's earnings missed the Zacks Consensus Estimate on lower net interest income (NII), a rise in provisions and operating expenses.

Equity 59
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Vinson-Led MCB Sweetens Bid For Whitestone REIT

Law 360 M&A

MCB Real Estate, guided by Vinson & Elkins LLP, upped its all-cash acquisition proposal for Whitestone REIT by offering to buy it for $15 per share, the investment firm announced.

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Chevron-Hess Merger Approved: Should You Buy Before Earnings?

Benzinga

With so many news items clamoring for investors' attention, investors may not have noticed that the U.S. Federal Trade Commission (FTC) approved the merger between Chevron Corporation (NYSE: CVX ) and Hess Corp. (NYSE: HES ). The approval came with the single stipulation that former Hess chief executive officer (CEO) would not join Chevron's board of directors.

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7-Eleven Parent Reveals Revised Couche-Tard Takeover Offer

Law 360 M&A

Japan's Seven & i Holdings said Wednesday it has received a revised, non-binding proposal from Alimentation Couche-Tard Inc., which was reported to carry a $47 billion price tag.

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Rio Tinto to buy Arcadium Lithium in $6.7bn cash deal

Financial Times M&A

Deal will make Anglo-Australian miner one of world’s biggest producers of key battery material

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The SaaS Startup's Guide to Cohort Analysis

Lighter Capital

Comparing groups of customers and analyzing the ways they behave over time helps SaaS entrepreneurs identify patterns and information that expose problems early and grow the business more efficiently. Do customers you acquired last month act differently than ones you signed up the month prior? Do users who responded to a discount or promotion behave differently than those who purchased at full price?

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Colo. Accuses Albertsons Of Competitor Flip-Flop For Merger

Law 360 M&A

Colorado enforcers accused Albertsons of "saying whatever they think will get their merger," confronting the supermarket chain's CEO on Wednesday with past comments to federal enforcers it said showed that Albertsons flipped who it considers a competitor ahead of a proposed merger with Kroger.

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Taiwan: Mergers And Hostile Takeovers

Global Finance

CTBC Financial Holding’s bid to acquire smaller peer Shin Kong, which aimed to create Taiwan’s largest financial conglomerate and a regional competitor to firms like Hong Kong’s Standard Chartered Bank, Japan’s Nomura Holdings and Singapore’s United Overseas Bank, came to a sudden halt in September. The island’s Financial Supervisory Commission (FSC) rejected the hostile takeover, stating that the plan lacked details, would lead to volatility in the firms’ share prices and, ultimately, sharehold

Banking 52
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Court Affirms Waste Management Win In 'Titans Of Trash' Spat

Law 360 M&A

A Florida appeals court on Wednesday affirmed a win for Waste Management Inc. of Florida Inc. in a dispute with Bergeron Environmental and Recycling LLC over a joint venture to provide municipal trash pickup services and said the agreement's jury trial waiver was valid.

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The Transaction Journey: Navigating and Understanding the Letter of Intent (LOI)

IT Valuations

Whether you’re looking to acquire a business or sell your own, the Letter of Intent (LOI) is a crucial step in the process. Join industry experts Greg Northrop, Corey Kerns, and Aaron Mahl from iTValuations as they delve into the intricacies of the LOI. What an LOI is (and what it isn’t) : Gain a clear understanding of the LOI’s purpose and significance in a business transaction.

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7 Firms Lead Deal Forming Insurance, Asset Management Biz

Law 360 M&A

Private investment firm CC Capital and Canadian financial services company The Westaim Corp. on Wednesday announced plans to launch an integrated insurance and asset management platform through a partnership built by seven law firms.

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Value Drivers for a Personal Care Service Company

Peak Business Valuation

Personal care service companies assist geriatric and disabled individuals so they can live independent lives. Owning one of these healthcare businesses is a great way to serve the individuals and the community. Personal care service businesses can be very profitable. If you are looking to buy , grow , or sell a personal care service company , it is important to obtain a business valuation.

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Switzerland OKs £5.4B Hargreaves Lansdown PE Takeover

Law 360 M&A

The Swiss Competition Commission has given the thumbs up to the £5.4 billion ($7 billion) takeover of Hargreaves Lansdown by a group of private equity companies, consortium member CVC Capital Partners Ltd. said Wednesday.

Equity 52