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Search resuls for: "Silver Point"


7 mentions found


☆ The Trump Era has been an electoral fiasco for Republicans. What comes next might not be any better.
  + stars: | 2023-11-08 | by ( Brent D. Griffiths | ) www.businessinsider.com   time to read: +5 min
Trump has created a Republican Party that struggles mightily when he's not on the ballot. At the same time, the former president's unpopularity can make him radioactive to once-loyal GOP voters. It's unclear how the Republican Party will chart its future out of this current trap. AdvertisementAdvertisementThe Republican Party is in disarray. "Daniel Cameron lost because he couldn't alleviate the stench of Mitch McConnell," Trump wrote on Truth, his social media platform, just days after effusively praising Cameron.
Persons: Trump, he's, —, Donald Trump, Andy Beshear, Joe Biden, Glenn Youngkin's, Nate Silver, Erick Erickson, Daniel Cameron, Mitch McConnell, Cameron, McConnell, Romney, MAGA, Obama, Biden, Kevin McCarthy, Marjorie Taylor Greene, Tuesday's Organizations: Republican Party, GOP, Service, Kentucky Gov, Trump, Alabama, Republican, Tea Party, House Republicans, Republicans, Beshear, Chamber, Commerce, Party of Locations: Virginia, Georgia, Arizona, Lincoln, Iowa, Florida
☆ Purell maker to refinance debt after failed Georgia-Pacific deal talks
  + stars: | 2023-10-27 | by ( Abigail Summerville | Thomson Reuters | Abigail Is On The M A Team | ) www.reuters.com   time to read: +2 min
Oct 26 (Reuters) - GOJO Industries, the maker of Purell hand sanitizer, said on Thursday it would refinance its debt after sources told Reuters that negotiations about the sale of the company to paper and building products manufacturer Georgia-Pacific fell through. The suitor that made the most progress in the sale process for GOJO was Georgia-Pacific, a company owned by Koch Industries, the sources said. Silver Point, Georgia-Pacific and Koch Industries did not immediately respond to requests for comment. The company expanded into skincare and invented Purell, an alcohol-based hand cleaner which dries on its own, in 1988. The company launched Purell in the consumer market in 1997.
Persons: GOJO, Goldie Lippman, Jerry, Clarence Cook, Abigail Summerville, Stephen Coates Organizations: GOJO Industries, Reuters, Silver, Koch Industries, Thomson Locations: Georgia, Pacific, , Georgia, New York
☆ Opioids expose unhealthy bankruptcy addictions
  + stars: | 2023-08-11 | by ( Robert Cyran | ) www.reuters.com   time to read: +6 min
Between 2006 and 2014, it manufactured roughly 30 billion opioid pills. Its attempt to climb out of bankruptcy has been stalled multiple times, most recently on Thursday by the U.S. Supreme Court. Mallinckrodt agreed to a $260 million settlement last year and quarterly revenue from Acthar has tumbled 70% since 2019. If not, it will be up to elected officials to end such unhealthy bankruptcy addictions. As part of that settlement, Mallinckrodt agreed to pay $1.7 billion over eight years to settle opioid claims.
Persons: Johnson, Mark Trudeau, Sackler, Mallinckrodt, It’s, haven’t, Jeffrey Goldfarb, Sharon Lam Organizations: Reuters, Mallinckrodt Pharmaceuticals, Johnson, CVS Health, Purdue Pharma, U.S, Supreme, Department of Justice, Specialty Brands, Point, Purdue, Purdue Pharma’s, DOJ, Biden Administration, Thomson Locations: American, Delaware, Acthar
☆ Drugmaker Mallinckrodt in talks with hedge funds to avoid opioid settlements, Wall Street Journal reports
  + stars: | 2023-07-26 | by ( ) www.reuters.com   time to read: +1 min
Law Firms Mallinckrodt and Mallinckrodt FollowJuly 26 (Reuters) - Drugmaker Mallinckrodt (MNK.A) is talking to hedge funds about filing for bankruptcy and avoiding payments intended to help people addicted to opioids, the Wall Street Journal reported on Wednesday. Mallinckrodt, which is one of the largest manufacturers for opiods, had filed for bankruptcy protection nearly three years ago. It reached a $1.7 billion nationwide settlement as part of its bankruptcy reorganization plan and emerged from Chapter 11 last year. The company in June said it was considering a second bankruptcy filing and other options after its lenders raised concerns over the $200 million payment related to opioid-related litigation. Reporting by Sriparna Roy in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.
Persons: Mallinckrodt, Sriparna Roy, Devika Organizations: Wall Street, Silver Point, Thomson Locations: Greenwich, Bengaluru
☆ Private equity giants are still racing to fill 2024 associate seats. See 8 firms — from Carlyle to Bain Capital — that have been recruiting first-year investment bankers for jobs that won't start for
  + stars: | 2023-01-30 | by ( Emmalyse Brownstein | ) www.businessinsider.com   time to read: +9 min
Last year's on-cycle recruiting kicked off earlier than ever, and many junior bankers weren't ready. In an effort to win the war for talent that was raging last year, private equity firms pushed their recruiting efforts earlier than in ever— to late summer. To be sure, not all private equity firms kicked off on-cycle recruiting in August. It usually involves an intense week-long period (although sometimes shorter or longer) where private equity firms rush in to snag the top talent. The bottom line shows the month and year analysts started their roles, and the yellow line indicated when on-cycle recruiting began that season.
☆ Alibaba, Tencent 'golden shares': China is pulling different strings to control Big Tech
  + stars: | 2023-01-27 | by ( Laura He | ) edition.cnn.com   time to read: +6 min
According to a person familiar with the matter, the Chinese government is also discussing taking a similar stake in a mainland Chinese subsidiary of Tencent (TCEHY), the group that includes WeChat and a vast gaming business. The headquarters of the Cyberspace Administration of China in Beijing, China on July 16, 2021. “Golden shares” give their owners, usually governments, some level of control over companies, often those that were previously state-owned. In April 2021, a government entity acquired a 1% stake in a Beijing subsidiary of TikTok’s parent company Bytedance, according to Qichacha. The Communist Party may be easing off on fines and penalties, but the “golden shares” approach seeks the same end, which is “control and tight oversight,” said Capri.
☆ The private equity industry is racing to fill 2024 associate roles after last year's hyper competitive hiring tactics backfired
  + stars: | 2023-01-25 | by ( Emmalyse Brownstein | ) www.businessinsider.com   time to read: +9 min
Last year's on-cycle recruiting kicked off earlier than ever, and many junior bankers weren't ready. In an effort to win the war for talent that was raging last year, private equity firms pushed their recruiting efforts earlier than in ever— to late summer. To be sure, not all private equity firms kicked off on-cycle recruiting in August. It usually involves an intense week-long period (although sometimes shorter or longer) where private equity firms rush in to snag the top talent. The bottom line shows the month and year analysts started their roles, and the yellow line indicated when on-cycle recruiting began that season.
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