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☆ Manchester United's American owners consider selling club
▼ + stars: | 2022-11-22 | by ( ) www.cnbc.com time to read: +3 min

A football fan chants slogans before a protest against the ownership of Manchester United. Manchester United said on Tuesday it was commencing a process to explore strategic alternatives, including a new investment or a potential sale, 17 years after the American Glazer family bought the English Premier League soccer club. "We will evaluate all options to ensure that we best serve our fans and that Manchester United maximizes the significant growth opportunities available to the club today and in the future," the statement said. The Raine Group is acting as financial adviser and Latham & Watkins LLP is the legal adviser to Manchester United. It was the first Premier League match to be postponed because of a protest.

☆ Manchester United owners consider selling club
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +4 min

The owners are under pressure with United sitting fifth in the Premier League halfway through the season, which has been suspended because of the current Qatar World Cup. Manchester United shares jumped as much as 20% after Sky News first reported on the sale process, giving the club a market capitalisation of $2.6 billion. The Raine Group is acting as financial adviser and Latham & Watkins LLP is the legal adviser to Manchester United. It was the first Premier League match to be postponed because of a protest. United finished sixth last season in their worst Premier League campaign in terms of points earned, failing to qualify for the lucrative European Champions League competition.

Take big law firms and Twitter. “Lawyers and law firms must struggle to stay visible, posting regularly, getting followers, and tweeting regularly. Consider, for example, Quinn Emanuel Urquhart & Sullivan, which has 1,587 Twitter followers – among the fewest of Am Law 100 firms. “To date, the firm’s social media efforts have focused on platforms that are most aligned with recruiting — LinkedIn and Instagram,” the spokesman said via email. Will law firms pony up $8 a month for the blue check now?

☆ Lidar firms Ouster, Velodyne to merge in all-stock deal
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +1 min

Nov 7 (Reuters) - Lidar makers Ouster Inc (OUST.N) and Velodyne Lidar Inc (VLDR.O) said on Monday they would merge in an all-stock deal, forming a company with a combined market capitalization of about $400 million. Velodyne stockholders will receive 0.8204 shares of Ouster for each share held, representing a 7.8% premium to Velodyne's closing price on Friday. The combination will allow Ouster and Velodyne to consolidate their market position and product portfolios through cost-savings in engineering, manufacturing and administration. Velodyne shares were up 5.6% while Ouster rose about 1% in premarket trading. Existing Velodyne and Ouster shareholders will own about 50% each of the combined company.

☆ Another day, another recent IPO exits the public market. How to pick who might be next
▼ + stars: | 2022-10-27 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +3 min

The company, which is known for its customer experience tools, went public last November at $14 a share. Its stock stumbled on its opening day and shares never traded above $15.98, a high reached Nov. 17, 2021. With this deal, UserTesting becomes the latest recent IPO to go private. A number of tech companies were on the list as well, including Braze , a company that went public the same day as UserTesting. The UserTesting deal has been approved by the board, but is subject to a "go-shop" period that ends on Dec. 10.

Weber , which went public in August 2021 and is trading at half its offering price, is the latest example of a recent IPO to attract a bid to go private. Recent IPOs ducking for the door First, to understand why we selected these criteria, let's look at the recent deals. Kennedy Lewis' $4 per share cash offer was an 83% premium to F45's closing price ahead of the deal announcement, even though it was far below the stock's $16 IPO price. Even with the lift from the deal news, shares are only trading at less than half its $14 IPO price. Private equity company AEA Investors had a 28.4% stake in the company, and CEO Jeremy Andrus owns an 11% stake, according to FactSet.

☆ LoveShackFancy built a pretty, skinny, rich-girl dreamworld. The fantasy was impossible to live up to.
▼ + stars: | 2022-10-24 | by ( Anna Silman | ) www.businessinsider.com time to read: +34 min

Suddenly, in the midst of discussing what Cohen should wear to the next LoveShackFancy store opening, there was the sound of glass clanging. (Another person confirmed hearing this exchange, though the person close to the company said multiple Zoom attendees did not recall it.) The person close to the company said, "It is not uncommon for trips to have dual purposes — they always generate content." Another time, during a visit to the Palm Beach store, Cohen freaked out after seeing staffers in sweatshirts and sneakers. "As with most contemporary fashion brands, we currently do not operate in the plus-size business," the person close to LoveShackFancy said.

☆ Stocks sag, bond yields firm as yen sinks further
▼ + stars: | 2022-10-20 | by ( Huw Jones | ) www.reuters.com time to read: +5 min

The strong dollar continued to loom over currency markets, with the yen sinking to a 32-year low against the greenback. U.S. 10-year Treasury yields touched a 14-year high, while 2-year German government bond yields rose to their highest since December 2008. But earnings are likely to fall next year which, along with anticipated interest rate hikes in the United States and elsewhere, are already largely priced into markets, Osman said. China's stock market (.SSEC) fell while Hong Kong stocks (.HSI) hit levels last seen during the 2008-09 global financial crisis. The rise in the dollar and yields pushed gold lower, with prices lingering at a three-week trough on Thursday.

☆ Which Charitable Contributions Are Tax Deductible?
▼ + stars: | 2022-10-18 | by ( ) www.wsj.com time to read: +11 min

As a result, the number of people who can claim charitable donations fell from about 1 in 3 before the law to 1 in 10 today. The upshot is that charitable donations are still a valuable potential deduction—but only for the right kind of taxpayer. Who qualifies for charitable tax deductionsEvery taxpayer has a choice between itemizing their deductions and claiming the standard deduction. Note that for tax years 2020 and 2021, the IRS let people claim a $300 charitable deduction even if they didn’t itemize, but that allowance has expiredWhat kind of giving qualifies for the charitable tax deductionContributions to officially registered charities, which are designated with a special tax code like 501(c) (3), may be deductible on your federal tax return (and possibly your state tax return). But in typical IRS fashion, there are special rules that determine whether and how much of your charitable donations are deductible.

☆ Justice Clarence Thomas confesses he's a Prince fan during a spirited debate over Andy Warhol's artwork and copyright law
▼ + stars: | 2022-10-12 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +6 min

The Supreme Court heard a case involving pop artist Andy Warhol's iconic silkscreen prints of musician Prince. At issue is whether Warhol violated copyright law by relying on a photographer's image of Prince for his art. The Andy Warhol Foundation has asked the Supreme Court to overturn that ruling. "If you called Andy Warhol as a witness, what would he say?" "And this is a work of art sending a message about modern society," he said of Warhol's.

☆ Get ready for 'stealth layoffs' at Big Law firms as the economy slows
▼ + stars: | 2022-09-29 | by ( Jack Newsham | Peter Coutu | ) www.businessinsider.com time to read: +7 min

But at Big Law firms, "managing out" is common, with lawyers quietly directed to look for work elsewhere. O's story stands to become more common as the economy cools and Big Law firms seek to quietly cut costs without technically laying people off. Here's how Big Law firms let people go. Most Big Law firms operate under an "up or out" system, where lawyers are either expected to make partner or leave. Big Law lets more people go and slows down hiring in tough economic timesOne point of agreement is that stealth layoffs rise in economic downturns.

☆ Video Footage Shows Trump Ally Examining Georgia Voting Equipment
▼ + stars: | 2022-09-21 | by ( Jan Wolfe | ) www.wsj.com time to read: 1 min

This Jan. 7, 2021, image taken from a Coffee County, Ga., security video, appears to show Republican official Cathy Latham, center with white hair, introducing local election officials to a computer forensic team hired by an ally of former President Donald Trump. WASHINGTON—A former Republican Party official helped a computer forensics firm inspect voting equipment in Georgia and then made misleading statements under oath about her role in the episode, voting-rights activists alleged in a new court filing. The court filing, which includes time-stamped screenshots of surveillance footage, describes what happened inside the Coffee County elections office on Jan. 7, 2021, an episode that is being investigated by law-enforcement agencies in the state.

☆ Ex-Cravath lawyer Andy Klein wants to raise $5 million for his new startup. Here's his pitch to get the Big Law lawyers who use his company's tech to also invest.
▼ + stars: | 2022-09-21 | by ( Jack Newsham | ) www.businessinsider.com time to read: +5 min

His company Reynen Court is now looking to raise $5 million using a provision of the JOBS Act. More recently, Klein, who lives in Amsterdam, has been growing Reynen Court. The company launched in 2018 with financial backing from a consortium of large law firms, including Latham & Watkins and Clifford Chance. Klein said Reynen Court really took off once he was able to persuade 20 of the world's largest law firms to begin using the platform. If the offering succeeds, Reynen Court expects to go forward with a series B fundraising next year, Klein said.

☆ 7 companies poised to cash in on the $30 billion hydrogen commercial-vehicle market by winning over giants like Amazon
▼ + stars: | 2022-09-20 | by ( Andrew Moseman | ) www.businessinsider.com time to read: +7 min

Rising fuel costs, the possibility of stricter emissions regulations to come, and questions about battery supplies, have all increased the appeal of zero-emission fuel cells. Volvo TrucksVolvo GroupCEO: Martin LundstedtMarket Cap: $32.97 billionHQ: Gothenburg, SwedenVolvo Trucks said in June 2022 it had begun testing hydrogen fuel-cell trucks. In the latter case, Plug Power has provided Amazon with more than 15,000 fuel cells to replace the batteries in its warehouse forklifts since 2016. Plug just signed a new deal to provide the behemoth with the liquid hydrogen necessary to run its fuel-cell vehicles starting in 2025. As part of a deal with Weichai group, Ballard is building fuel cells in China to power fuel-cell vehicles in that market.

☆ Wall Street's biggest investors can't shake a nightmare about the US economy. And that fear is much worse than a recession.
▼ + stars: | 2022-09-18 | by ( Aaron Weinman | ) www.businessinsider.com time to read: +5 min

Talk of a recession, rough inflation data, and the persistent increase in costs of certain staple goods has got Wall Street's biggest investors living in fear of an economic nightmare. Wall Street has been hit by a brutal market sell-off this year. Wall Street investors fear an economic nightmare. BMO Capital Markets is cutting jobs amid the broader downturn in dealmaking, according to Bloomberg. Private-equity investment firm Corsair has made an investment in Miracle Mile Advisors, a wealth advisory firm based in Los Angeles.

☆ A step-by-step guide to securing a Big Law summer associate position, from networking best practices to acing the interview
▼ + stars: | 2022-09-14 | by ( Business Insider | ) www.businessinsider.com time to read: +3 min

Working at a law firm after a student's second year, or 2L, has long been a rite of passage for students bound for Big Law. And some students are finding themselves ill-equipped to navigate what one law partner has dubbed "the Wild West" of Big Law recruiting. The former pro soccer player recently walked Insider through his sometimes harrowing journey to snagging multiple Big Law offers before on-campus interviewing, or OCI, even began. The perks including increasingly big paychecks, especially for what are known as "rainmakers," or law partners who bring in big business. This Big Law firm is so hungry for associates that it's giving $75,000 referral bonusesBig Law has a mental health problem.

☆ Gregg Costa, a judge who quit the conservative Fifth Circuit appeals court, is joining the law firm Gibson Dunn
▼ + stars: | 2022-09-03 | by ( Jack Newsham | ) www.businessinsider.com time to read: +4 min

Former federal judge Gregg Costa is about to join Gibson Dunn in a senior role, Insider has learned. Gregg Costa, a prosecutor-turned-federal judge who announced that he would return to private practice earlier this year, is joining Gibson Dunn, a person familiar with the matter told Insider. Costa clerked for the conservative Supreme Court justice William Rehnquist and was appointed by President Barack Obama, first as a district court judge in Galveston, Texas and later as an appeals judge. Before becoming a judge, Costa was an associate attorney at the law firm Weil Gotshal & Manges and a federal prosecutor in the Southern District of Texas. Federal courts in Texas and the Fifth Circuit have been top legal battlegrounds for President Joe Biden.

☆ Inside the 'Wild West' of law-school recruiting that has Big Law reeling in talent earlier and more aggressively than ever
▼ + stars: | 2022-08-22 | by ( Jack Newsham | ) www.businessinsider.com time to read: +8 min

Law schools bemoan the trend, but more and more of them allow it, such as Harvard and NYU this year. The nation's biggest and most powerful law firms have always sought to hire the best and brightest students from top law schools. Some schools have threatened to ban law firms from participating in OCI if they engage in pre-OCI recruiting. This year, law schools at both Harvard and NYU even unveiled formal early-interview programs. Last year, they made 1,771 such offers, amounting to 18% of the offers made by law firms that engaged in the practice.

There's some cliché financial advice I've heard over and over that financial planners say to ignore. "Renting is throwing money away" and "a credit card balance is good for your credit score" are examples. That made me wonder if frequently passed-along financial advice always rings true. Crypto is the futureLately, all the financial advice my friends are giving me has to do with cryptocurrencies. "Since credit utilization is responsible for 30% of your credit score, it's a good idea to keep it as low as you can."

Our experts answer readers' personal loan questions and write unbiased product reviews (here's how we assess personal loans). Some lenders allow you to get a loan without a job, though you'll likely need some form of income. It is possible to get a loan when you're unemployed, though more difficult than it would be if you had steady work. You'll never know what you may qualify for unless you actively look for help and ask for it. You'll never know what you may qualify for unless you actively look for help and ask for it.

Persons: you'll, —, you've, Andrew Latham, SuperMoney, Latham, Forrest McCall, You'll Organizations: Service

☆ Upcoming live events at Insider
▼ + stars: | 2022-01-19 | by ( Business Insider | ) www.businessinsider.com time to read: +6 min

Below is a list of our upcoming in-person and virtual events, including exclusive fireside chats, compelling panels, and reporter Q&As. Featured Events for Sustainability & Climate ActionInsider Introducing the Optimist's Destination for Climate ActionApril 10, 2023 | 3 PM ETDetails to come! InsiderFor a Better Future: Bridging Culture, Business, and ClimatePresented by DeloitteApril 25, 2023 | 12 PM ETDetails to come! Panelists from Tinuiti, Jungle Scout, Bobsled Marketing, and Cure Hydration will discuss what this trend means — watch hereHow advertisers can navigate the death of the third-party cookie. To submit a potential speaker for an upcoming event, please complete this form.

☆ How an ex-lawyer built Halo Top into an ice cream sensation with $347 million in sales
▼ + stars: | 2018-11-01 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +10 min

During the summer of 2017, low-calorie Halo Top Creamery was the best-selling pint of ice cream in America. "He just wanted to eat an entire pint of ice cream and not hate himself for it." To satisfy his sweet tooth, he wanted to concoct something that tasted like ice cream but was healthier and had less sugar. He liked his creation so much that he eventually bought an ice cream maker (on sale on Amazon for $20). The ice cream market in the U.S. was $6.7 billion for the 52 weeks ended Sept. 28, 2018, according to Nielsen.

Persons: Jerry's, Doug Bouton, that's, we've, Bouton, Justin, Woolverton, Margie Brevidoro, Haagen Dazs, Dazs, Justin Woolverton, Kirk McKoy, Latham & Watkins, who'd, we're, it'd, Khloe Kardashian, Kloss, Ashley Benson, Nina Dobrev, Hilary Duff Organizations: Ben, CNBC, Nestle, Woolverton, Latham &, Amazon, Bouton, Foods, Top, U.S, Nielsen Locations: America, United States, U.S, Los Angeles, L.A, Oakland , California, Chicago

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