Wed.Jul 17, 2024

article thumbnail

SCOTUS to Clarify Securities Fraud Pleading Requirements for Falsity and Scienter

Harvard Corporate Governance

Posted by M. Scott Barnard, Aileen M. McGrath and Neal Ross Marder, Akin Gump Strauss Hauer & Feld LLP, on Wednesday, July 17, 2024 Editor's Note: M. Scott Barnard , Aileen M. McGrath and Neal Ross Marder are Partners at Akin Gump Strauss Hauer & Feld LLP. This post is based on a Akin Gump memorandum by Mr. Barnard, Ms. McGrath, Mr. Marder, Josh A.

221
221
article thumbnail

How retailers can build and retain a strong frontline workforce in 2024

Mckinsey and Company

Frontline retail workers in the United States are still planning to leave the industry in droves. New data reveals how retailers can improve the frontline experience and retain employees.

126
126
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Q1 2024 Gender Diversity Index

Harvard Corporate Governance

Posted by Amit Batish, Equilar, Inc., on Wednesday, July 17, 2024 Editor's Note: Amit Batish is Director of Content at Equilar, Inc. This post is based on his Equilar memorandum. The pace of women joining Russell 3000 boards has slowed substantially, according to the latest Equilar Gender Diversity Index (GDI). The Q1 2024 GDI reveals that women now represent 29.7% of all Russell 3000 board seats, up modestly from 29.4% in Q4 2023.

159
159
article thumbnail

Thoughts From Stacy Collins on the Stout Acquisition of FRA

BVR

We recently posted the news that Stout has acquired Financial Research Associates (FRA). Jay Fishman is the founder and leader of FRA, but there are other very talented people in FRA who are also making the move.

100
100
article thumbnail

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.

article thumbnail

The origins of modern corporate governance: New findings

Harvard Corporate Governance

Posted by Stephen M. Davis (Harvard Law School) and Daniel Malan (Trinity Business School), on Wednesday, July 17, 2024 Editor's Note: Stephen M. Davis is a Senior Fellow at the Harvard Law School Program on Corporate Governance and a Co-organizer of the Capital+Constitution project; and Daniel Malan is an Assistant Professor of Business Ethics and the Director of the Trinity Corporate Governance Lab at Trinity Business School.

Finance 148
article thumbnail

The Return of EA Sports College Football Video Game

Value Scope

The Return of EA Sports College Football Video Game By: Brent Shockley This week marks the return of the Electronic Arts (NasdaqGS:EA) college football franchise for the first time in 11 years. The video game originated in 1993 as Bill Walsh College Football (the former head coach of Stanford University and three time Super Bowl champion with the San Francisco 49ers) but changed its label to College Football USA and then to NCAA Football.

EBITDA 100

More Trending

article thumbnail

Telecom Co. Stockholder Seeks Fees For Beefing Up Proxy

Law 360 M&A

A shareholder of Consolidated Communications Holdings Inc. is suing for his legal fees in Delaware's Court of Chancery, saying he brought "substantial" benefits to shareholders by forcing extra disclosures about the company's pending $3.1 billion merger with Searchlight Capital Partners LP and the British Columbia Investment Management Corp.

98
article thumbnail

Embrace gen AI with eyes wide open

Mckinsey and Company

Despite some very real risks, former Fortune CEO Alan Murray argues that the stunning advances made possible by generative AI outweigh the potential downsides.

107
107
article thumbnail

Ex-Goldman Sachs Analyst Gets Over 2 Years For Insider Tips

Law 360 M&A

A Manhattan federal judge hit a former Goldman Sachs analyst with a 28-month prison sentence Wednesday for tipping his stepbrother and a friend to market-moving information, saying the Long Island native wanted to be "the big man" among his peers.

article thumbnail

Private-equity firm behind Six Nations rugby considers bid for Telegraph

The Guardian M&A

Potential bid by CVC Capital Partners believed to be structured to back newspaper group’s management team Business live – latest updates The private-equity group behind the Six Nations tournament and English Premiership Rugby is considering a bid for the Telegraph, before the deadline for the first round of the auction of the newspaper group this week.

article thumbnail

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

article thumbnail

Now More Than Ever, Lawyers Must Exhibit Professionalism

Law 360 M&A

As society becomes increasingly fractured and workplace incivility is on the rise, attorneys must champion professionalism and lead by example, demonstrating how lawyers can respectfully disagree without being disagreeable, says Edward Casmere at Norton Rose.

98
article thumbnail

Warner Bros Discovery weighs possible split to boost flagging stock

Financial Times M&A

Group behind CNN and HBO has discussed options including spin-off of its streaming service and movie studio

112
112
article thumbnail

Rising Star: Gibson Dunn's Andrew Kaplan

Law 360 M&A

Andrew Kaplan of Gibson Dunn & Crutcher LLP handles high-stakes mergers and acquisitions such as advising VMware when it was bought by Broadcom Inc., earning him a spot among the mergers and acquisitions practitioners under age 40 honored by Law360 as Rising Stars.

96
article thumbnail

What's Going On VF Corp Stock After Supreme Brand Sold For $1.5 Billion?

Benzinga

V.F. Corporation (NYSE: VFC ) shares are trading higher Wednesday after the company announced it entered into an agreement to sell its Supreme brand to EssilorLuxottica for $1.5 billion in cash. The Details: VF said it expects the sale of Supreme to be dilutive to its earnings per share in VF's 2025 fiscal year. Supreme contributed $538 million of revenue and $166 million in operating income during VF's 2024 fiscal year.

article thumbnail

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.

article thumbnail

Why You Should Attend SaaStr Annual

Lighter Capital

Lighter Capital is excited to attend the SaaStr Annual conference again this year, and we want you to join us! The conference is September 10-12 in the Bay Area. This year Jason Lemkin and the team have a few new surprises in store for their festival-style event. It’s going to be three action-packed days of high-quality networking and learning for over 13,000 SaaS entrepreneurs, execs, investors and founders.

64
article thumbnail

EssilorLuxottica to buy Supreme for $1.5bn

Financial Times M&A

Franco-Italian group adds streetwear brand to portfolio in first foray outside eyewear

97
article thumbnail

Consider Borrowing From Your Corporation But Structure the Deal Carefully

Machen McChesney

If you own a closely held corporation, you can borrow funds from your business at rates that are lower than those charged by a bank. However, it’s important to avoid certain risks and charge an adequate interest rate.

Banking 59
article thumbnail

Benchmark International Successfully Facilitated the Transaction Between Worldwide Technologies, LLC and Quad Capital Partners

Benchmark Report

The seller, Worldwide Technologies, LLC (WWT), was founded in 2006 by Mike Jones and Kenny Whitworth out of a small facility in Franklin, KY. Under Mike and Kenny’s leadership, WWT expanded operations through continued investment in people, cutting-edge new technologies, and an unwavering commitment to customer satisfaction.

article thumbnail

Chuy's Holdings Stock Soars On Darden Takeover Deal: What You Need To Know

Benzinga

Chuy’s Holdings Inc (NASDAQ: CHUY ) shares are popping in Wednesday’s after-hours session after the company and Darden Restaurants, Inc. (NYSE: DRI ) jointly announced that Darden will acquire Chuy’s Holdings. What Happened: Chuy’s Holdings and Darden entered into a definitive agreement in which Darden will acquire all of Chuy’s outstanding stock for $37.50 per share in cash.

article thumbnail

Investment Banking in India: Please Avoid It and Try Again in Another Country

Brian DeChesare

If you have the option to work in finance in different parts of the world, investment banking in India should be at the bottom of your list. I always advise students that it’s best to start in a global financial center, such as New York or London , and that is part of the rationale here as well. But the main problem is that winning a “true” front-office investment banking role in India is virtually impossible, even if you have outstanding academic credentials and work experience.

Banking 59
article thumbnail

BlackRock Sells $2.5B In Bonds To Help Fund Preqin Deal: Report

Benzinga

BlackRock, Inc. (NYSE: BLK ) is selling $2.5 billion in U.S. investment-grade bonds to help pay for its $3.2 billion acquisition of private-markets data company Preqin. What Happened : According to Bloomberg, citing an anonymous source, BlackRock Funding plans to sell the notes in three tranches. The longest part of the deal matures in 30 years. It expects to yield one percentage point above Treasuries.

article thumbnail

Body Shop nears rescue deal with group led by British cosmetics tycoon

The Guardian M&A

Mike Jatania’s Auréa heading consortium in exclusive talks with administrators for UK chain Business live – latest updates The Body Shop is close to being bought out of administration after it agreed to exclusive rescue talks with a consortium led by the British cosmetics tycoon Mike Jatania. Jatania’s investment company, Auréa, is in negotiations with the UK cosmetic chain’s administrators over a deal.

64
article thumbnail

Google to Reportedly Acquire Wiz: ETFs in Focus

Benzinga

According to a report from the Wall Street Journal, Google's parent company Alphabet is reportedly in talks to acquire cyber security startup Wiz for $23 billion. This potential acquisition would be Google's largest ever and significantly boost its cloud computing capabilities. The potential deal has put ETFs with a substantial allocation to Alphabet in focus.

article thumbnail

London mining Spac plots spree in copper M&A after $300mn Turkey deal

Financial Times M&A

Former Rusal executive Artem Volynets plans to roll up international assets of the vital metal

99
article thumbnail

Top 5 Books For High-Net-Worth Individuals

Benchmark Report

Being a prosperous business owner takes excellent hard work and dedication, and you've gained valuable knowledge along your journey. But sometimes, you don't have all the answers and can use a slightly different perspective to help you maintain your thriving position. We hope you find these books on various topics helpful as a business owner looking to raise your game.

52
article thumbnail

Del. Gov. Signs Hotly Contested Corp. Law Amendments

Law 360 M&A

Delaware Gov. John Carney signed into law on Wednesday state code amendments allowing corporations to cede some governance rights to stockholders, as well as some state corporate oversight to other jurisdictions.

52
article thumbnail

AutoNation Cuts Q2 EPS View: Buy, Hold or Sell the Stock?

Benzinga

AutoNation, Inc. (NYSE: AN ) has lowered its second-quarter 2024 quarterly earnings forecast following a cyberattack on software provider CDK Global on Jun 19, 2024. The auto retailer cut its guidance for earnings per share by $1.50 to $3.15-$3.30 for the three months ending Jun 30. Despite the negative impact of the CDK outage on AutoNation's business and productivity, the incident is not expected to have a significant impact on the company's overall financial condition or operations.

article thumbnail

Politan Sues Masimo Over Delayed Board Election Meeting

Law 360 M&A

Activist investment firm Politan Capital Management LP launched a lawsuit Wednesday against Masimo Corp. in Delaware Chancery Court just days after the medical technology company accused it of violating securities laws by trying to gain control of Masimo through a proxy contest that duped Masimo shareholders using "lies and deceit.

article thumbnail

WAFD's Q3 Earnings Beat Estimates, Revenues Rise on LBC Deal

Benzinga

WaFd, Inc. 's (NASDAQ: WAFD ) third-quarter fiscal 2024 (ended Jun 30) adjusted earnings of 76 cents per share handily surpassed the Zacks Consensus Estimate of 59 cents. Also, the bottom line rose 4.1% sequentially. The quarter marked the first full quarter after the completion of the acquisition of Luther Burbank Corporation (LBC). The results reflected a rise in net interest income (NII) and other income, which aided the top line.

article thumbnail

Nasdaq Seeks To Tighten Delisting Rules Governing SPACs

Law 360 M&A

Nasdaq is proposing to strengthen its rules governing delistings and trading suspensions of special-purpose acquisition companies that fail to complete mergers within 36-month deadlines or that violate other listing standards.

52
article thumbnail

U.S. Silica's Acquisition by Apollo Gets Shareholders' Nod

Benzinga

U.S. Silica Holdings, Inc. (NYSE: SLCA ) announced the shareholder approval of its acquisition by funds managed by affiliates of Apollo, a premier investment firm. This all-cash transaction was approved during a special meeting of the company's stockholders on Jul 16, 2024. The closing of the Merger is subject to the terms and conditions outlined in the agreement, with an expected completion before the end of the current quarter.

article thumbnail

A Way Forward For The US Steel-Nippon Deal And Union Jobs

Law 360 M&A

Parties involved in Nippon Steel's acquisition of U.S. Steel should trust the Pennsylvania federal court overseeing a key environmental settlement to supervise a way of including future union jobs and cleaner air for the city of Pittsburgh as part of a transparent business marriage, says retired judge Susan Braden.

52
article thumbnail

Mild, Medium, or Hot

Auto Dealer Valuation Insights

Last week, the consumer-price index decreased slightly from May, resulting in a year-over-year inflation measure of 3%. This is the lowest measure of inflation since June 2023. Another month of mild inflation strengthens the case for an interest-rate cut by the Federal Reserve in September.

Banking 52
article thumbnail

Bruised SPAC Market Pins Revival Hopes On Veteran Backers

Law 360 M&A

More special-purpose acquisition companies are conducting initial public offerings, mostly backed by dealmakers who have completed prior mergers, bringing life to a listings market that was largely barren over the past year.