Wed.Sep 18, 2024

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Pre-September 2024 Fed Meeting

Value Scope

By: Thomas Rizzo Vol. 24 No. 9 The Peak of Contractionary Monetary Policy Today represents a shift in monetary policy as the Fed pivots from contractionary to expansionary monetary policy. In this monetary policy cycle, in an attempt to fight inflation, the Fed has raised the benchmark rate 11 times, leaving it unchanged at 5.25% – 5.50% for over a year.

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Litigation Targeting Large Company DEI Programs on the Rise

Harvard Corporate Governance

Posted by Mike Delikat and Ernan Kiselica, Orrick, Herrington & Sutcliffe LLP, on Wednesday, September 18, 2024 Editor's Note: Mike Delikat is a Partner and Ernan Kiselica is an Associate at Orrick, Herrington & Sutcliffe LLP. This post is based on their Orrick memorandum. The Supreme Court’s 2023 decision in Students for Fair Admissions, Inc. v.

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A new tech-driven era of impactful marketing and sales

Mckinsey and Company

Salesforce president and chief marketing officer Ariel Kelman and former Solo Brands chief digital officer Jenna Posner discuss the importance of human-led, tech-powered marketing.

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California lawmakers fail to delay compliance deadlines in landmark climate-related disclosure laws

Harvard Corporate Governance

Posted by Loyti Cheng, Michael Comstock and David A. Zilberberg, Davis Polk & Wardwell LLP, on Wednesday, September 18, 2024 Editor's Note: David A. Zilberberg , Loyti Cheng , and Michael Comstock are Counsels at Davis Polk & Wardwell LLP. This post is based on their Davis Polk memorandum. Proposals to delay compliance deadlines in California’s three landmark climate-related disclosure laws failed to pass during the recently concluded legislative session, while a modest set of changes to

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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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Alaska Airlines Chief Plans More Routes After a Deal With Hawaiian

NYT M&A

The airline’s chief executive, Ben Minicucci, said in an interview that closing its acquisition of Hawaiian Airlines would allow it to expand, including on international routes.

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Securities Regulation and Big Business

Harvard Corporate Governance

Posted by James Park (UCLA), on Wednesday, September 18, 2024 Editor's Note: James Park is Professor of Law at UCLA School of Law. This post is based on his recent working paper. Towards the start of the twentieth century, big businesses were primarily created through mergers engineered by Wall Street financiers. The federal government enacted antitrust statutes to check the power of trusts that put numerous competitors under the control of one entity to stifle competition.

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Crowd Strike Is Cloud Struck

BVR

Take a look back at the CloudStrike IT meltdown.

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Beyond the balance sheet: North American asset management 2024

Mckinsey and Company

Even with markets in ascent, asset managers’ revenues have flatlined. But the evolution of balance sheets among banks, insurers, and high-net-worth individuals could unlock the next wave of growth.

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Sunsetting Tax Provisions and Potential Impacts In Divorce Cases

Gross Mendelsohn

The Tax Cut and Jobs Act (TCJA) of 2017 impacted all U.S. taxpayers due to drastic changes in the tax code. Some of these changes were permanent, while others expire (or “sunset”) after December 31, 2025. This means that unless Congress acts, several provisions will revert to the way they were pre-TCJA as of January 1, 2026. Since it is impossible to predict what Congress will do before the end of 2025, there is a lot of uncertainty and potential for widespread changes.

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Strong Internal Controls and Audits Can Help Safeguard Against Data Breaches

Machen McChesney

The average cost of a data breach has reached $4.88 million, up 10% from last year, according to a recent report. As businesses increasingly rely on technology, cyberattacks are becoming more sophisticated and aggressive, and risks are increasing. What can your organization do to protect its profits and assets from cyber threats?

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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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How PowerSchool's Latest AI Solutions Could Drive Stock Higher

Benzinga

PowerSchool Holdings, Inc. (NYSE: PWSC ), a leader in cloud-based software for K-12 education, has announced two new AI-driven tools, PowerBuddy for College and Career and PowerBuddy for Custom AI. These tools aim to revolutionize the way students, families, and school districts access and manage information, potentially driving further growth for PWSC stock.

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Shared accountability and adaptability: Keys to a successful CIO journey

Mckinsey and Company

Costco’s chief information and digital officer details how technology leadership is expanding—as businesses increasingly rely on technology.

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Independent Board Members Of Penny Stock 23andMe Resign, Call Out CEO Anne Wojcicki For Not 'Actionable Proposal' Despite Ample Time

Benzinga

On Tuesday, the independent directors of the Board of 23andMe Holding Co. (NASDAQ: ME ) sent a letter to Anne Wojcicki, Chief Executive Officer, Co-Founder, and Chair of the Board of Directors of 23andMe, providing their resignation, effective immediately. The board said, “After months of work, we have yet to receive from you a fully financed, fully diligenced, actionable proposal that is in the best interests of the non-affiliated shareholders.

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Comment on United Appraisers Network Challenges Appraisal Institute by Highly Professional Appraiser

Appraisers Blog

In reply to JK. Sorry you have trouble understanding the Internet. This is a blog site where most of us try to remain anonymous lest some liberal like the OP try to dox us and cause issues. It’s called sarcasm, it’s not my professional resume. Now, do you have any substantive facts to bring up or, like most with weak arguments are you just whining because someone proved you wrong?

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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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First Horizon To Pay SEC $325K Over Reg BI Violations

Law 360 M&A

The U.S. Securities and Exchange Commission announced Wednesday that First Horizon Advisors Inc. will pay a $325,000 penalty to settle claims the broker-dealer violated Regulation Best Interest in the wake of its parent company's 2020 merger with IberiaBank Corp.

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Comment on United Appraisers Network Challenges Appraisal Institute by Baggins

Appraisers Blog

In reply to Chase Pursley. The article stated; elected by the members / That’s good, finally appraisers could have a vote. DEI hiring practices. My vote, my opportunity; vanished into thin air.

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PureCycle Investors Seek Final OK Of $12M Settlement

Law 360 M&A

Investors in plastic recycling company PureCycle have asked a Florida federal judge to grant final approval to a $12 million deal to end a proposed class action alleging the company misled shareholders about its technology, financial projections and access to raw materials, roughly two years after the court temporarily tossed it for being imprecise.

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Comment on United Appraisers Network Challenges Appraisal Institute by Baggins

Appraisers Blog

In reply to Jenn. [link] Bait; meet the hook. They went for it. On the bright side they did a much better job at forming something simple and straight forward then other orgs. Is the only choice here the lessor of two evils? Bearing false witness brings real harm to real people. I will now embark on a long journey around the world to the most remote places imaginable, inhospitable to life itself.

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SEC Settles Latest Covington Info Theft Case For $33K

Law 360 M&A

A New Jersey man will pay a $33,000 civil penalty to the U.S. Securities and Exchange Commission for insider trading on confidential merger tips that his cousin stole from a Covington & Burling LLP lawyer, according to a settlement filed in New York federal court on Wednesday.

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Comment on United Appraisers Network Challenges Appraisal Institute by Midwest Honky

Appraisers Blog

In reply to David Samnick. Why would anybody want to join something that appears to be led by somebody who cannot actually deal with substantive criticism? You say that you’re open to ideas from everyone? Good leadership would have started out and gathered some like-minded people together before broadcasting this and then whining when everybody doesn’t go along with your DEI ideas.

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Vista Rejects MNC's Latest Offer, Recommends Czech Co. Bid

Law 360 M&A

Vista Outdoor Inc. on Wednesday again rejected Dallas-based private equity firm MNC Capital Partners LP's bid to take over the company and instead recommended that its shareholders approve its already-inked deal with Czech defense company Czechoslovak Group AS.

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Comment on United Appraisers Network Challenges Appraisal Institute by Old Appraiser

Appraisers Blog

In reply to Mike Ford, AGA™. Mike, The reason people don’t appreciate the AGA despite all your selfless sacrifices is the plain and simple fact that you are a union as you stated. There are inconvenient facts that the AGA can just never get around. Unions got the current administration elected. Money that went to the AGA, eventually found its way for political purposes to one party.

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$24.5M Fee Sought In Del. For $125M Discovery Suit Deal

Law 360 M&A

Class attorneys who secured a proposed $125 million settlement in a Delaware Court of Chancery suit filed by former Discovery Inc. stockholders challenging the company's $43 billion merger with AT&T in April 2022 proposed a $24.5 million fee for their efforts Wednesday.

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Comment on United Appraisers Network Challenges Appraisal Institute by Midwest Honky

Appraisers Blog

Good idea, but can’t be taken seriously for two reasons: 1) relying on a Stars Wars analogy for your mission is childish and unprofessional. 2) This statement- “Diversity and inclusion would be a central tenet of the UAN’s leadership structure, with a commitment to prioritizing women, minorities, and underrepresented groups in key positions. ” So…if I’m not the right color or gender I don’t get prioritized, for leadership or otherwise, no matter the merits of my experience or knowledge?

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Parent Of UK's TGI Fridays Falls Into Administration

Law 360 M&A

The British restaurant group that operates TGI Fridays' UK stores has collapsed into administration on Wednesday, along with its plans to sell its 87 restaurants in the UK, the company said after it nixed a deal to acquire U.S. stores earlier this month.

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Comment on United Appraisers Network Challenges Appraisal Institute by Maria

Appraisers Blog

“Diversity and inclusion would be a central tenet of the UAN’s leadership structure, with a commitment to prioritizing women, minorities, and underrepresented groups in key positions.” We heard this marxist/communist agenda so many times we became immune to it… it is still dangerous (even more)…so why do we celebrate it?

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No Excess Coverage For Atos' Trade Secrets Suit, Judge Says

Law 360 M&A

A Liberty Mutual unit doesn't owe coverage to a subsidiary of French information technology giant Atos for an underlying trade secrets suit, a New York federal court ruled, saying the company failed to provide timely notice of the claim as required by its $10 million errors and omissions policy.

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Comment on United Appraisers Network Challenges Appraisal Institute by Maria

Appraisers Blog

In reply to David Samnick. DO NOT buy into communist agenda, DEI, please!!! I say this as one who grew up in a communist country,a woman/business owner, a mom of 2 disabled,a brown etc. I have it all… DO NOT start anything on the foundation on Marxist/communist agenda, PLEASE!!!

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Rogers Pays $3.45B For Control Of Toronto Pro Sports Teams

Law 360 M&A

Rogers Communications Inc. will purchase Bell Media's 37.5% ownership stake in Maple Leaf Sports & Entertainment for CA$4.7 billion (US$3.45 billion), owner of pro sports teams including the Toronto Maple Leafs and Toronto Raptors, making it majority owner of the company, Rogers announced Wednesday.

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Comment on United Appraisers Network Challenges Appraisal Institute by JOHN W HAMILTON

Appraisers Blog

I don’t join boys’ clubs. When I have tried I am always disappointed. All I ever see is TAKE OUR COURSES and some other fluff and there is no representation to advance appraiser workflow or appraiser prosperity. Many years ago I took AI 101 course for $550 to work toward an SRA. Instead of one instructor, we had 2. They tag-teamed. All they did was stand in the front of the room and read the book.

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EU Drops Microsoft-Inflection Probe After Illumina Ruling

Law 360 M&A

European enforcers said Wednesday they will not review Microsoft's acquisition of key personnel from Inflection AI after member states withdrew their referrals in the wake of a recent high court ruling in the Illumina-Grail merger challenge.

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Comment on United Appraisers Network Challenges Appraisal Institute by JOHN W HAMILTON

Appraisers Blog

I don’t join boys’ clubs. When I have tried I am always disappointed. All I ever see is TAKE OUR COURSES and some other fluff and there is no representation to advance appraiser workflow or appraiser prosperity. Many years ago I took AI 101 course for $550 to work toward an SRA. Instead of one instructor, we had 2. They tag-teamed. All they did was stand in the front of the room and read the book.

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Disney Star Seeks $940M From Zee In Cricket Broadcast Spat

Law 360 M&A

The Walt Disney Co.-owned Star India is seeking $940 million in damages stemming from a broadcasting dispute with Zee Entertainment Enterprises Ltd., and wants to have the agreement validly terminated, according to a Wednesday letter filed to India's stock exchange.

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Comment on United Appraisers Network Challenges Appraisal Institute by Midwest Honky

Appraisers Blog

In reply to David Samnick. Sorry, but the very fact that you would even start something by writing that in there indicates you have a certain political agenda for this. Who are you and why should anybody start a group that some guy just decided to write a little manifesto about? Do you have a group of appraisers that have worked on this? or are you just some guy writing a blog post and decided it would turn into a national professional organization?