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☆ Lawsuit Challenging University of California’s D.E.I. Statements Is Tossed
▼ + stars: | 2024-01-13 | by ( Vimal Patel | More About Vimal Patel | ) www.nytimes.com time to read: +3 min

Behind the LawsuitDiversity statements — also known as diversity, equity and inclusion, or D.E.I., statements — ask candidates seeking a faculty job or promotion to describe how they would contribute to campus diversity. In his lawsuit, John Haltigan, who has a Ph.D. in developmental psychology, said he would have applied to a position at U.C. The Pacific Legal Foundation, a libertarian group that filed the lawsuit for Dr. Haltigan, did not make him available for an interview. They also say the statements are another tool that the savvy can use to hit the right buzzwords, rewarding performative dishonesty. requirements for faculty hiring — or the system’s diversity and inclusion efforts more broadly — but it defangs for now what experts say was among the first legal challenges to these university statements.

Persons: —, John Haltigan, “, ”, Haltigan, ‘, ” Erwin Chemerinsky, Wilson Freeman Organizations: Pacific Legal Foundation, University of California, Berkeley, Chronicle, Higher Education, Universities Locations: U.C, Santa Cruz, North Dakota, Florida, Texas, Arizona

☆ Nondisclosure Agreements Get Trickier Under New SEC Scrutiny
▼ + stars: | 2023-12-05 | by ( Mengqi Sun | ) www.wsj.com time to read: 1 min

Provisions that impede an individual from communicating with the SEC are unlawful under the Dodd-Frank Act. Photo: Spencer Platt/Getty ImagesCompanies have long used employee nondisclosure agreements to protect proprietary information. Now, regulators are trying to ensure that clauses in those agreements don’t also serve to inhibit whistleblowers from reporting potential corporate wrongdoing. In recent months, the U.S. Securities and Exchange Commission has taken a number of actions against companies whose various employment contracts have language that might hold employees back from reporting misconduct to regulators. A watershed moment came in September, when the SEC fined hedge fund D.E.

Persons: Dodd, Frank, Spencer Platt, Shaw Organizations: SEC, Getty, Companies, U.S . Securities, Exchange Commission

☆ Opinion | Inclusion and Exclusion on Campus
▼ + stars: | 2023-11-21 | by ( ) www.nytimes.com time to read: +3 min

Literal gated communities and figurative glass ceilings exist to highlight this divisiveness in bluntly metaphorical fashion. WilliamsBurlington, N.J.To the Editor:While I commend David Brooks’s stand on inclusion, it’s a bit late. The uproar should have started on the day that universities started to cancel speeches by speakers who leaned to the right so as not to offend some vocal student groups. Rather than allow an intelligent back and forth with those they might disagree with, these people were not allowed to come to their campus. They also celebrate the virtue of humility, a virtue that is notably absent in the world of higher education.

Persons: David Brooks, David Brooks’s, Rich Corso, it’s, Andrea Economos Hartsdale, Mitchell, Fuller Organizations: New, Diversity, Equity Locations: New Jersey, Williams Burlington , N.J, N.Y, Ill

Experts say Trudeau's carbon pricing scheme, known as the carbon tax, works well and cannot be easily replaced. Even the left-leaning New Democrats, who support Trudeau's government in parliament and have previously defended the carbon tax, are calling for the exemption. Analysts said the carbon tax carve-out is another example of inconsistent policy. CARBON TAX REBATEThe carbon tax is intended to discourage use of fossil fuels and accelerate a switch to clean energy, but the recent carve-out underlines how fragile climate policy is in the face of pressing political calculations. In September, Bank of Canada governor Tiff Macklem said the carbon tax contributes about 0.15 percentage points to the inflation rate, which was 3.8% that month.

Persons: Justin Trudeau, Jessica Lee, Richard Brooks, Brooke, Brooks, Chris Severson, Baker, Pierre Poilievre, clobber Trudeau, Shachi Kurl, Angus Reid, Kurl, Jonathan Wilkinson, Wilkinson, Macklem, Trudeau, Robert Asselin, Asselin, Nia Williams, Steve Scherer, Josie Kao Organizations: Canada's, Ontario Chamber, Economic Summit, REUTERS, Rights Ottawa, Canadian, Provincial, New Democrats, Pembina Institute, Liberal, Conservative, Angus Reid Institute, Atlantic, Natural Resources, Reuters, Bank of Canada, Business Council of Canada, The Business Council, Thomson Locations: Toronto , Ontario, Canada, Ottawa

☆ Who Decides Penn’s Future: Donors or the University?
▼ + stars: | 2023-10-26 | by ( Stephanie Saul | More About Stephanie Saul | ) www.nytimes.com time to read: +8 min

“The conference became a vehicle.”It is not unusual for donors, unhappy with student activism, to pull back giving. “It’s essential that the university remains independent from donor pressure or influence on the content of work that’s done in the university,” said Ms. Lieberwitz, who is also general counsel for the American Association of University Professors. “Very broadly, I am deeply committed to academic freedom,” Ms. Magill had told The Daily Pennsylvanian, the campus newspaper. Alumni Donors Push BackOne day after the Indigenous Peoples’ Day post, Ms. Magill issued her first statement condemning the Hamas assault. Some Wharton alumni had been unhappy with the university’s direction for a long time.

Persons: —, Lauder, Jon Huntsman, Dick Wolf —, Rowan, ”, Robert Vitalis, “, George W, Bush, Penn, Risa L, Lieberwitz, Magill, Ms, Amy Wax, Penn Hillel, Viet Thanh Nguyen, Israel, Roger Waters, Susan Albuhawa, Critics, ” Mr, Wharton, Jonathan S, Jacobson, Lia Thomas, Erika James, Ross Stevens, University of Chicago’s Booth, Stevens, Booth Organizations: “, East Center, University of Texas, Austin, University of Denver, Palestinian, U.N, Cornell, American Association of University, Edge, University of Virginia, Daily, university’s College of Arts and Sciences, Penn, Pink Floyd, Indigenous Peoples, Wharton, HighSage Ventures, Management, University of Chicago’s Locations: Utah, Penn, Israel, Yom Kippur, Nazi, Berlin

☆ Insider Today: Market's crash landing
▼ + stars: | 2023-10-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The core question it presents is whether personal AI devices could have the same impact that the iPhone had on the tech industry. Meta's Responsible AI team shrank amid layoffs and restructuring. Yet the team tasked with ensuring that new AI tech was "fair and inclusive" is half the size it was in 2021. Yet the team tasked with ensuring that new AI tech was "fair and inclusive" is half the size it was in 2021.

Persons: —, Benjamin Netanyahu, Insider's Matthew Fox, Mohamed El, Matthew, Jerome Powell, hasn't, mavens, Izzy Englander, Citadel's Ken Griffin, Point72, Steve Cohen, Phil McCarten, Dave Kotinsky, Shaw, Victor Virgile, Arantza Pena Popo, Bella Hadid, John Lennon, Ben Shelton, Sharon Osbourne, William Hanson, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Hamas, Saturday, Israeli, Citadel, federal, Tech, Peoples, Indian Heritage Locations: Israel, D.E, Cupertino, China, South Dakota, Oklahoma, Hawaii, Alabama, Dakota, Los Angeles, New York City, San Diego, London, New York

☆ Big hedge funds defied the September downturn. Here's how firms including Citadel, D.E. Shaw, and Millennium stack up.
▼ + stars: | 2023-10-06 | by ( Alex Morrell | ) www.businessinsider.com time to read: 1 min

The S&P 500 fell 4.9% in September, but multi-strategy funds still managed to post positive returns. Hedge funds D.E. The stock market has been hot for most of this year, while hedge funds have struggled to keep pace. That dynamic has started to flip after a second straight month of declines in the S&P 500 and another bumper month for multistrategy hedge funds. Most managers tracked by Insider had positive returns in September, while the S&P 500 lost 4.9% as the prospect of higher-for-longer interest rates rattled markets.

Organizations: Citadel Locations: Shaw

☆ How a California hedge fund bulldozed the state's labor laws to impose some of the harshest noncompetes on Wall Street
▼ + stars: | 2023-10-03 | by ( Alex Morrell | ) www.businessinsider.com time to read: +23 min

That's partly why so few quantitative trading firms reside in California, whose labor-friendly laws have long favored employee mobility and competition. Exhibit A: The Voleon Group, a prominent quantitative-trading firm based in Berkeley, California, that manages about $5 billion in assets. The hedge fund has bulldozed past state prohibitions to not just impose noncompetes, but impose some of the harshest noncompetes in the entire industry, according to seven former employees, industry experts, and documents detailing the firm's restrictive covenants. Like so many other quant-trading firms, Voleon took care to protect its edge. Other employees Insider spoke with have a less generous view, with several describing the company as stingy — a third ex-employee bemoaned the company as "notoriously cheap" on compensation.

Persons: Kathy Hochul's, haven't, Michael Kharitonov, Jon McAuliffe, Shaw, — Kharitonov, McAuliffe, Voleon, —, Harry Lipman, Rottenberg Lipman Rich, Lipman, bemoaned, noncompetes, Martin Wainwright, Howard Aiken, Wainwright, hasn't, It's, Jessica Riggin, Rukin Hyland, Riggin, specter, James Hannaway, Sanford Heisler Sharp, Hochul, Rob Bonta, Sen, Anna Caballero, foisting, Caballero, Voleon's Organizations: New, Gov, University of California, Stanford, UC Berkeley, Wall Street, Google, Citadel, Sigma, That's, Big Tech, Darwin, MIT, Berkeley, California, Labor Locations: New York, California, Berkeley , California, University of California Berkeley, Berkeley, Voleon, Delaware, Washington ,

☆ Activist Politan Capital engages with Azenta. Here’s how the firm may boost shareholder value
▼ + stars: | 2023-09-30 | by ( Kenneth Squire | ) www.cnbc.com time to read: +7 min

Then, there is the life sciences services segment, which provides comprehensive sample management programs, integrated cold chain solutions, informatics and sample-based laboratory services to advance scientific research and support drug development. Activist Commentary: Politan Capital Management was founded by Quentin Koffey. This is Politan's second 13D filing and third activist campaign, all of which have been in the health-care sector. One-third of the company is cash, and investors want to know how it plans to deploy that capital. Ken Squire is the founder and president of 13D Monitor, an institutional research service on shareholder activism, and the founder and portfolio manager of the 13D Activist Fund, a mutual fund that invests in a portfolio of activist 13D investments.

Persons: Quentin Koffey, Koffey, Shaw, Brooks, Azenta, Thomas H, –, Politan, Ken Squire Organizations: Politan Capital Management, Investment Group, Elliott Associates, Lee Partners, B, Companies, 13D Locations: D.E

☆ SEC Fines Hedge Fund D.E. Shaw $10 Million For Whistleblower Protection Violations
▼ + stars: | 2023-09-29 | by ( Mengqi Sun | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, shaw

☆ China's new trading rules target more oversight, not killing 'flash boys', says lobby group
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +3 min

SHANGHAI/SINGAPORE, Sept 26 (Reuters) - China's securities regulators have told market participants that tighter rules for programme trading were not designed to kill the business, but were a response to calls for more oversight, according Asia's largest financial lobby group ASIFMA. "There's no intent to be prejudiced against high frequency trading firms," said Lyndon Chao, ASIFMA managing director and head of equities and post trade. Quant funds in China include global players such as Winton, Two Sigma and D.E.Shaw though these three aren't members of ASIFMA. The rules "came out all of a sudden because the regulators might be facing pressure from investors suffering from recent poor stock market performance," he said. There are a lot of quant funds out there that do a great job of injecting liquidity when needed.

Persons: Lyndon Chao, They're, ASIFMA, Chao, Ren Zeping, Liu Yuhui, ASIFMA's Chao, Samuel Shen, Jason Xue, Tom Westbrook, Shri Navaratnam Organizations: Sigma, Reuters, Thomson Locations: SHANGHAI, SINGAPORE, China, Winton, Shanghai, Shenzhen

Operating income in the FedEx unit, which delivers packages for retailers like Walmart (WMT.N), jumped 59% for the quarter ended Aug. 31. Analysts expect customer gains from UPS to be less durable than those from Yellow. "UPS will likely be able to regain much of its lost market share," Edward Jones analyst Matt Arnold said. Without offering a specific forecast, FedEx said it was "well-positioned" for the upcoming holiday season, when volume typically doubles due to e-commerce sales. FedEx tempered its full-year revenue forecast on Wednesday.

Persons: Raj Subramaniam, Edward Jones, Matt Arnold, D.E, Shaw, Lisa Baertlein, Priyamvada, Bill Berkrot, Leslie Adler Organizations: FedEx, UPS, Wall, United Parcel Service, Walmart, FedEx Freight, Thomson Locations: Memphis , Tennessee, Los Angeles, Bengaluru

☆ Meet the warrior interns: College students hell-bent on winning the CV arms race, who'll stack all the jobs they can to make their resumes shine
▼ + stars: | 2023-09-10 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +11 min

This is becoming a rite of passage for those who want good jobs, one career counselor told Insider. Advertisement Advertisement Watch:Singaporean undergraduate Amelia Yamato Leow told Insider that she started interning right after secondary school. Ong told Insider she's done an internship every summer break, and has worked during the college semester, too. You see from the inside how things work, and how people work, and most importantly, you can build rapport," Chin told Insider. This is especially so for complex industries like banking, Ted Teo, an adjunct assistant professor at the National University of Singapore, told Insider.

Persons: Amelia Yamato Leow, hasn't, who's, Leow, she's, Nicole Ong, Ong, you've, Justin Chin, Chin, Eddie Phua, Phua, Gao, Xinrui Gao Xinrui Gao, it's, Adrian Teh, Teh, they'll, Megan Wong, Wong, Sim Cher Young, Sim, Adrian Choo, Ted Teo, Teo, Goldman Sachs, Shaw, Singapore Management University's Sim, International's Choo Organizations: Service, National University of Singapore, PayPal, NUS, National University of Singapore Business, NUS Business School, Nanyang Technological University, Singapore Management University, LinkedIn, Citadel, Harvard, Singapore Management Locations: Singapore, Wall, Silicon, fintech

☆ Insider Today: Analyzing Google salaries
▼ + stars: | 2023-09-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

In today's big story, we're taking a deeper look at the leaked Google salary data by looking at pay ranges across various factors. The sheet detailed 2022 base salaries, equity, and bonuses from over 12,000 Google employees in the US. Google employees who identified as being of Black/African descent had a median base salary at least $23,000 below their Asian, White, and Middle Eastern/North African colleagues. The gap didn't improve among software engineers, as those of Black/African descent had a median base salary $24,500 lower than those of white or European descent. Google employees who identified as being of Black/African descent had a median base salary at least $23,000 below their Asian, White, and Middle Eastern/North African colleagues.

Persons: We've, Tayfun, Rosalie Chan, Hugh Langley, Madison Hoff, Rosalie, Hugh, Madison, Shaw, Ned Davis, Ryan Salame, Salame, Sam Bankman, Tim Cook, Stephen Lam, Sam Altman, Investor Ford Smith, biohacking, Melissa Phillippi, missteps, Goldman Sachs, Sasha Kelemen, Olivia Rodrigo's, Ralph Lauren, —, Joe Jonas, she'd, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Anadolu Agency, Getty, Google, Google's New, Citadel, Ned Davis Research, Wall, Zen, Apple, Reuters Apple, European Commission, Investor, Leerink Partners, York, Kroger Locations: Wall, Silicon, Madison, Google's New York, Bay, Brooklyn, Manhattan , New York City, USA, China, New York City, San Diego, London, New York

☆ Summer is fading. But performance in August was hot at hedge funds including Citadel, D.E. Shaw, Millennium, and Sculptor
▼ + stars: | 2023-09-07 | by ( Alex Morrell | ) www.businessinsider.com time to read: +2 min

Most managers posted positive performance, Sculptor and Citadel led the way. Shaw (+1.3%) also had strong performance. Multi-strategy fund managers remain as popular as ever. "Clearly right now the multi-strategy managers are very much in vogue. Here's how other top multi-strategy players stacked up after August:Fund August performance Year-to-date performance Sculptor Multi-Strategy 2.8% 12.6% Citadel Wellington 2% 10.8% Point72 0.83% 6.6% D.E.

Persons: Shaw, Ken Griffin, Here's, Marshall Wace Eureka Organizations: Citadel, Financial Times, Capital, Wellington Fund, Citadel Wellington, Shaw Locations: Wellington

☆ Opinion | Winners and Losers of the First Republican Debate
▼ + stars: | 2023-08-24 | by ( ) www.nytimes.com time to read: +22 min

Welcome to Opinion’s commentary for the first Republican presidential primary candidate debate, held in Milwaukee on Wednesday night. Gail Collins: She seemed generally reasonable and wow, when the debate turned to education and she actually brought up reading. If there’s any life left in the old G.O.P., Haley gave it hope. Perhaps more important, in taking on the glib and callow Ramaswamy on Ukraine, she showed anger and dominance, essential qualities in a Republican debate. Any debate that doesn’t feature Chris Christie at the front of the highlight reel is a bad night for Christie.

Persons: Jamelle, Nikki Haley, Haley, Gail Collins, Matthew Continetti, G.O.P, Michelle Cottle, —, Trump —, Ramaswamy, suburbanites, Ross Douthat, David French, Reagan, Michelle Goldberg, callow Ramaswamy, Amy Klobuchar, Pete Buttigieg, Katherine Mangu, Christie, “ Trump, “ Donald Trump, Daniel McCarthy, Vivek, Bret Stephens, Mike Pence’s, Mike Pence, Pence, Mike, Vivek ”, Vivek Ramaswamy, Trump, ”, he’ll, Jesus, Ramaswamy —, ChatGPT —, you’ve, Marco Rubio, Chris Christie, He’s, Joe Biden, Martha MacCallum, Ron DeSantis, Hunter Biden, DeSantis, Donald Trump, MAGA, pander, smartly, Sharp, Biden, refighting, Ron, Hutchinson, clearheaded, Still, Scott, Tim Scott, Meh, ” Daniel McCarthy, Pleasant, Donald Trump’s, wasn’t, I’d, Ramaswamy’s, callow, I’m, insufferable, Preening, Doug Burgum, Achilles, Burgum, he’s, Asa Hutchinson, Trump’s, Asa Hutchinson didn’t, didn’t Organizations: Republican, Republican Party, Trump, Ramaswamy, Pence, Pious, Trump Republicans, MSNBC, Fox, Department of Justice, United Nations, Energy, Department of Education, Republicans Locations: Milwaukee, Iowa, New Hampshire, Ukraine, America, Mexico, Florida, Covid, China, MAGA, Arkansas

☆ Cargill ingredients are probably in every meal you eat. That makes the company's environmental goals a big deal.
▼ + stars: | 2023-08-21 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +6 min

Cargill, the largest private company in the US, buys from farmers and ranchers in 70 countries. Some environmental groups, including Greenpeace and Stand.earth , accuse Cargill of not doing enough on those fronts. What is Cargill doing about the climate crisis? What is Cargill doing about that? (A Cargill spokesperson added that the company also offers premium payments to soy growers in South America enrolled in a company sustainability program.

Persons: Cargill, Pilar Cruz, Burger, didn't Cargill Organizations: Service, Privacy, Cargill, Greenpeace, Stand.earth, Latina, Soil Health Institute, National Fish and Wildlife Foundation, Innovation Fund, Tropical Forest Alliance, US, Brazil —, Gran Chaco, South America Locations: South America, Southeast Asia, Cargill, North America, Germany, Romania, Poland, Southern, Brazil, West Africa, Ghana, Côte d'Ivoire, South

☆ Opinion | University D.E.I. Programs: Do They Help or Harm Education?
▼ + stars: | 2023-08-19 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “University D.E.I. Efforts Work Against Liberal Education,” by Christopher F. Rufo (Opinion guest essay, July 28):Mr. Rufo’s call for legislators to escalate the banning of diversity, equity and inclusion programs and curriculums constitutes an existential threat to the distinctively American tradition of liberal education. Mr. Rufo’s anti-D.E.I. campaign is antithetical to academic freedom, shared governance and the unfettered pursuit of the truth foundational to liberal education. Let’s be clear: The playbook that he and his ideological colleagues are following aims to dismantle rather than reform American higher education.

Persons: Christopher F, Rufo’s, Rufo, tweedy Organizations: “ University D.E.I, Liberal Education Locations: American

☆ Disney District, Now Under DeSantis’s Control, Ends Its D.E.I. Programs
▼ + stars: | 2023-08-01 | by ( Anna Betts | More About Anna Betts | ) www.nytimes.com time to read: +5 min

Fentrice Driskell, the Democratic leader in the Florida House of Representatives, said she was not surprised that the Central Florida Tourism Oversight District had followed suit. The State Legislature instead stripped the company of its power to appoint the five members of the district’s oversight board and gave it to Mr. DeSantis. In April, the newly appointed board voted to nullify two agreements that gave Disney control over expansion of the resort. What’s NextThe feud between Disney and Mr. DeSantis appears set to continue, with the two lawsuits still winding their way through the courts. Mr. DeSantis, who is running for the Republican nomination for president, has highlighted both his “anti-woke” and “anti-corporate” agenda on the campaign trail.

Persons: DeSantis, Glenton Gilzean, DeSantis’s, Fentrice Driskell, “, ”, Bob Chapek, nonbinary, Disney, Donald J, Trump Organizations: Central, Disney, “, Democratic, Legislature, Florida Department of Economic, Republican Locations: Central Florida, Texas, Tennessee, North Carolina, Florida, Orange, Osceola, Orlando

☆ Christopher Rufo: University DEI Programs Work Against Liberal Education - The New York Times
▼ + stars: | 2023-07-27 | by ( Christopher F. Rufo | ) www.nytimes.com time to read: +3 min

Today, many universities have consciously or unconsciously abandoned that mission and replaced it with the pursuit of diversity, equity and inclusion. The criticism of such programs might begin with a simple question: Even on its own terms, does D.E.I. Researchers at Harvard and Tel Aviv University studied 30 years of diversity training data from more than 800 U.S. companies and concluded that mandatory diversity training programs had practically no effect on employee attitudes — and sometimes activated bias and feelings of racial hostility. There is no reason to believe that similar programs on university campuses have better outcomes. These programs have become commonplace not only in official “diversity and inclusion” programs, but also throughout administrative and academic departments.

Persons: Anonymous, — Organizations: Harvard, Tel Aviv University, City Journal, Manhattan Institute, The University of Florida, The University of Central, University’s, Social Justice Locations: U.S, United States, The University of Central Florida, Florida

☆ Opinion | Barbara Kingsolver Thinks Urban Liberals Have It All Wrong on Appalachia
▼ + stars: | 2023-07-21 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +58 min

It’s like there’s no point in asking who started this because it’s a really, really old antagonism. I think that’s probably what’s most critical right now is that all of our entertainment, our news media, it’s all made in cities. And he’s really pretty horrible, and he doesn’t feed them enough, and that’s really sad. You’re going to have a flat tire, and the guy that pulls up to help you is going to tell your dad within minutes. It’s not like most books you’re going to see.

Persons: Ezra Klein, ezra klein, —, Hernan Diaz, Barbara Kingsolver, “ David Copperfield ”, Dickens, It’s, barbara kingsolver, you’ve, ezra klein We’re, Nobody, I’d, I’ve, Bobby Ann Mason’s, “, — Wendell Berry, Robert Penn Warren, James Still, Harriette, Taylor Greer, you’re, George Washington, ” he’s, — he’s, he’s, I’ll, They’re, George W, Bush, they’re, barbara kingsolver You’re, we’ve, That’s, that’s, I’m, ” barbara kingsolver, barbara kingsolver Oh, barbara kingsolver ezra klein barbara kingsolver, ezra klein Yes, we’re, Charles Dickens, “ David Copperfield, ”, Tommy, ” It’s, ezra klein There’s, barbara kingsolver There’s, Tommy Traddles, Tommy Waddles, who’s, He’s, We’re, Tommy’s, she’s, it’s, Beth Macy, overdosed, ” ezra klein, There’s, grandkids, they’ve, Dori, doesn’t, Peggot, Frances Goldin, Arwen Donahue, She’s, Beth Macy’s, Lazarus, Laline Paull, ezra klein Barbara Kingsolver Organizations: New York, Fiction, Trump, Nicholas County High School, DePauw University, Walmart, The New York Times, . Times, New York Times, Farmers, “, Knoxville —, Purdue Pharma, Purdue, aha, Scots Locations: Appalachia, It’s, Georgia, Tennessee, North Carolina, Virginia, Kentucky, West Virginia, Pennsylvania, U.S, exploitations, Congo, Caribbean, Indiana, Nicholas, Arizona, Europe, Tucson , Arizona, Tucson, Paris, Athens, France, “ Shiloh, MAGA, America, Brazil, Eastern Europe, There’s, California, New York, “, Tommy, Pennington, Knoxville, there’s, nove, Lee County, that’s Lee County, that’s, United States of America, who’s, New York City

Worldpay comprises the bulk of the FIS merchant business, which processes payments for companies. GTCR's offer prevailed over Advent International, another buyout firm that was also vying for the business, the sources said. If the negotiations conclude successfully in the coming days, FIS plans to keep a minority stake in the business, the sources said. FIS, which started in 1968 and serves big financial services corporations, has cut thousands of jobs since the review began. Chicago-based GTCR manages more than $35 billion in assets and invests across sectors, including financial services.

Persons: GTCR, Johnson, Kellogg, Shaw, Jana, Anirban Sen, David French, Milana, Greg Roumeliotis, Richard Chang Organizations: YORK, GTCR, Fidelity National Information Services, FIS, International, Financial Times, General Electric Co, Toshiba Corp, Jana Partners, Reuters, Black Knight Inc, Global, Service, Thomson Locations: Worldpay, Jacksonville , Florida, Chicago, New York

☆ An Elite School, a Boy’s Suicide and a Question of Blame
▼ + stars: | 2023-07-02 | by ( John Leland | ) www.nytimes.com time to read: +2 min

Suspected suicide attempts among adolescents Ellis’s age were up 49 percent in 2021 compared with prepandemic levels, according to the Centers for Disease Control and Prevention. “Because it did not contextualize in any way what the issues were in my son’s suicide. And it says the school is being proactive to deal with this mental health crisis. Totally dishonest.”Jeffrey Gural, Ellis’s grandfather, also pressed the school’s board of trustees. The elder Mr. Gural is chairman of GFP Real Estate L.L.C.

Persons: Gural, Tompkins, “, ”, ” Jeffrey Gural, Ellis’s, Newmark Knight Frank, Ellis, ‘, ’ ”, Ann’s Organizations: Centers for Disease Control, Newmark Holdings

[1/2] A view of signage at a FedEx Ground distribution center in Carson, California, U.S., September 16, 2022. REUTERS/Bing Guan/File PhotoLOS ANGELES, June 20 (Reuters) - FedEx (FDX.N) on Tuesday said it will merge its contractor-based Ground delivery operations in Canada into its company-operated Express unit and convert contractors into employees. FedEx made a similar change in the U.S. states of Alaska and Hawaii last year. Still, the company said there will be U.S. markets where packages shift from Express to Ground, its outsourced delivery arm. In those cases, the company said it would continue to use delivery contractors as part of its "hybrid" worker model.

Persons: Bing Guan, D.E, Shaw, Lisa Baertlein, Leslie Adler, Lisa Shumaker Organizations: FedEx, REUTERS, United Parcel Service, Company, Thomson Locations: Carson , California, U.S, Canada, Alaska, Hawaii, Memphis , Tennessee, Los Angeles

☆ How Citadel, Millennium, D.E. Shaw, and Other Hedge Funds Fared in May
▼ + stars: | 2023-06-07 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +2 min

This year, it remains the top-performing multistrategy fund, just ahead of Steve Cohen's Point72. Here's how multistrategy hedge fund giants fared in May, from Citadel to Millennium. Billionaire Ken Griffin's Citadel continues to lead the competitive multistrategy hedge fund performance race this year, despite being bested for the month of May by Izzy Englander's hedge fund. Returns are still rolling out, but the major hedge fund players did not see major movements within their flagship funds. In other hedge fund news: London-based hedge fund Marshall Wace's Eureka flagship fund, an equity fund managed by founder Paul Marshall, climbed 1.74% in May and is up 1.70% year to date.

Persons: Ken Griffin's, Steve Cohen's Point72, Ken Griffin's Citadel, Izzy Englander's, Marshall, Paul Marshall Organizations: Millennium, Point72, Wellington, Nvidia, Tactical Trading Locations: Citadel, Wellington, Miami, London

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