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Search resuls for: "McDermott Will"


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LONDON, July 18 (Reuters) - The spectre of rising corporate debt defaults exacerbating a global economic slowdown has for months been largely brushed aside by resilient credit markets. Now, long-feared corporate debt woes are starting to hit home, while more companies are being downgraded to a junk credit rating - facing higher borrowing costs as a result. Retailer Casino, with 6.4 billion euros ($7.19 billion) of net debt, is in court-backed talks with creditors; Britain's Thames Water is in the headlines with its 14 billion pound ($18.32 billion) debt pile. For FACTBOX: Corporate debt woes are on the rise, click here. Nonetheless, not all firms may be able to survive the challenges of vast debt, higher interest and business costs and declining profits.
Persons: Julius Baer's, Markus Allenspach, Guy Miller, Miller, it's, Aymen Mahmoud, McDermott Will, Emery, Elena Lieskovska, Chiara Elisei, Dhara, Christina Fincher Organizations: SBB, P Global, U.S, Reuters, ICE, Zurich Insurance, ABN AMRO, European Central Bank, London Finance, Bain Capital, Thomson Locations: Swedish, Spain, Europe
Whirlpool and Cabri told a Delaware federal court they would dismiss the case with prejudice, which means it cannot be refiled. Representatives for Whirlpool, Cabri and Haier Europe did not immediately respond to requests for comment on Friday. It said Haier had hired Cabri for its own laundry division because he knew Whirlpool's trade secrets and that it would be impossible for him to work there without disclosing them. A federal judge rejected Whirlpool's bid to block Cabri's move last May, finding the Delaware court lacked jurisdiction over the trade-secret allegations. The case is Whirlpool Corp v. Cabri, U.S. District Court for the District of Delaware, No.
Persons: Davide Cabri, Cabri, Candy, Haier, Steven Zadravecz, John, Potter Anderson, Ethan Townsend, McDermott Will, Emery Read, Blake Brittain Organizations: Law, Whirlpool, Candy Hoover Group, Whirlpool Corp, District of, Jones, Thomson Locations: U.S, Italian, Delaware, Europe, Benton Harbor , Michigan, District of Delaware, Washington
WASHINGTON, June 8 (Reuters) - Jack Smith, the U.S. special counsel who has pursued criminal charges against former President Donald Trump over retention of classified government records, has earned a reputation for winning tough cases against war criminals, mobsters and crooked cops. This case is unlike any other that Smith has brought because of who is being charged. One of the two investigations that Smith took over involved Trump's handling of classified documents he retained after leaving the White House in January 2021. Trump's own attorney Evan Corcoran emerged as a key witness in the documents investigation. In 2008, Smith left to supervise war crime prosecutions at the International Criminal Court in The Hague.
Persons: Jack Smith, Donald Trump, General Merrick Garland, Smith, Attorney Bragg, Mark Lesko, Greenberg Traurig, Trump, Joe Biden's, Evan Corcoran, Corcoran, Mike Pence, Robert Morgenthau, Morgenthau, Todd Harrison, McDermott Will, Emery, Harrison, Charles Schwarz, Abner Louima, Ronell Wilson, Salih Mustafa, Sarah N, Lynch, Andy Sullivan, Will Dunham Organizations: U.S, Trump, Manhattan, Attorney, Attorney's, White, Harvard Law School, New, New York City, York City, Criminal, Justice Department, Kosovo Liberation Army, Thomson Locations: New York, Washington, Brooklyn, York, The Hague, Kosovo, Serbia
Attorney General Merrick Garland appointed Smith in November to take over two investigations involving Trump, who is running for president in 2024. Grand juries in Washington have been hearing testimony in recent months for both investigations from many former top Trump administration officials. In 1999, Smith started working at the U.S. Attorney's Office in Brooklyn. In 2008, Smith left to supervise war crime prosecutions at the International Criminal Court in The Hague. Smith is also known for being expeditious, and Fodeman predicted the special counsel's investigations involving Trump will probably move swiftly.
Nutella maker Ferrero scoops up owner of Blue Bunny ice creams
  + stars: | 2022-12-07 | by ( ) www.reuters.com   time to read: +2 min
Wells, which was founded in 1913 as a dairy delivery wagon business, has become the world's largest family owned and managed ice cream company. "This represents a win-win partnership, bringing together ice cream experts and confectionery champions," Giovanni Ferrero said in a statement. "Together, we have the power of one and are well placed to grow and compete in the ice cream market," he added. Ferrero bought Spanish ice cream company ICFC in a two-stage deal in 2019 and 2021. The Wells' transaction, subject to customary closing conditions, is expected to close in early 2023.
[1/3] Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard logo in this illustration taken January 18, 2022. The U.S. software giant and Xbox maker announced the deal in January to help it compete better with leaders Tencent (0700.HK) and Sony (6758.T). The deadline for the European Commission, which is investigating the deal, to set out a formal list of competition concerns known as a statement of objection is in January. Microsoft's remedy would consist mainly of a 10-year licensing deal to Playstation owner Sony, another person with direct knowledge said. The EU competition watchdog, which is scheduled to decide on the deal by April 11, and Sony declined to comment.
One former Apollo executive couldn't wrap his mind around how the firm got investors onboard with Harris' personal activities. One advisor to Harris' family office said there would be an internal conversation every year to ensure the proper expense allocations. Several former Apollo employees, however, said other Apollo executives were concerned about Harris' use of firm resources. Few if any sources Insider spoke with expected much to change in how private-equity executives managed their personal investments. The lawyer said that the documents often state that a firm's executives will dedicate "as much time as reasonably necessary" to managing their investments.
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