DIRS.INFO The most relevant business & tech news

☆ Who is Stephen Nedoroscik? The quirky stories of Team USA’s Olympic pommel horse hero
▼ + stars: | 2024-08-02 | by ( Audrey Snyder | ) www.nytimes.com time to read: +14 min

The kids that like doing that boring part are just not your typical kid.”Memes of Nedoroscik sitting and waiting 2-plus hours to compete went viral this week, while phrases like Pommel Horse Guy, America’s Pommel Horse Hero and the Clark Kent of Pommel Horse spread across the Internet. But when it was time to hop on the pommel horse, he delivered an #Olympics moment. This week, The Athletic spoke with some of Nedoroscik’s former teammates, coaches and supporters to hear their best stories of America’s Mr. Pommel Horse. “That’s Stephen. (Matt Marton / USA Today)Taking away the Rubik’s CubeNedoroscik was obsessive and passionate about learning pommel horse.

Persons: Matt Carbone, Carbone, that’s, Stephen, ”, he’s, Stephen Nedoroscik, haven’t, ” Carbone, “ We’re, Nedoroscik, Liz Gonzalez, Bob, it’s, Liz, Bob —, —, Bob Gonzalez, “ They’re, Guy, Clark Kent, Ben Cooperman, ” Cooperman, “, USA's Stephen Nedoroscik, 6vRNnUXhF2, America’s, Michael Meagher, Meagher, Steve, …, ” Meagher, ’, he’ll, ’ ” Meagher, “ That’s Stephen, “ He’s, Kareem Abdul, Jabbar, Cooperman, Matt Marton, Bryan Perla, ” Nedoroscik, “ He’d, Ian Skirkey, “ I’ve, Brennan Pantazis, Pantazis hadn’t, Pantazis, ‘ Brennan, ” Pantazis, Penn, Jack Baldwin, ” Baldwin, “ Stephen, Baldwin, ” Sam Davis, Davis, ” Davis, ” Said Baldwin, “ That’s, Daniela Porcelli Organizations: Sterling Gym, Paris Olympics, U.S, Penn State, Sterling, University of Massachusetts, ’ Worcester Technical High, Engineering, Worcester Tech, Junior, Worcester, NBA, NCAA, Stanford, Penn, Team USA, Rocket, XBox, Rocket League Locations: Sterling ,, Worcester, Paris, USA, Las Vegas, Vegas, Penn State, Eurasia

☆ I was kicked out of high school, so I turned to the Marines for a way forward. Now, I'm a corporate lawyer with degrees from Stanford and Harvard.
▼ + stars: | 2024-07-23 | by ( Elle Hardy | ) www.businessinsider.com time to read: +7 min

At 17, I was kicked out of high school because I skipped class to work at my fast-food job and hang out with my friends. I was always interested in the MarinesAfter getting kicked out of school, I enlisted in the Marine Corps. AdvertisementI got my GED and took 15 units of entry-level community college classes, like English 101 and US History. AdvertisementI left the military and began classes at a community collegeTragically, our first daughter died during birth. It's pretty amazing that a Black kid from a low-income family who didn't finish high school was able to achieve all of this.

Persons: —, Andrew Hanson, I'd, Stanford, I've, they've, Lauryn Haas Organizations: Service, Business, Marines, Marine Corps, School of Infantry, Tragically, Stanford, Columbia, Department of Justice, Harvard University, Department of Veterans Affairs, Harvard Locations: Virginia, Chicago, Camp Pendleton , California, Iraq, New Orleans, California, Washington, Cambridge , Massachusetts, Skadden, Slate, lhaas@businessinsider.com

☆ Inside Oracle's Deadly Gamble on Cerner and Electronic Health Records
▼ + stars: | 2024-05-20 | by ( Ashley Stewart | Blake Dodge | ) www.businessinsider.com time to read: +29 min

That was the promise of Cerner, the medical-records company Oracle bought in 2021 for $28.3 billion — Oracle's biggest acquisition. At the time, Cerner managed the electronic health records for a quarter of all American hospitals, including those run by the Pentagon and the Department of Veterans Affairs. Larry EllisonCerner's electronic records, in short, were a deadly disaster for the VA. Never mind the futuristic, AI-driven healthcare system Ellison envisioned. In 2015, it beat out Epic, its main competitor, for a $4.3 billion contract to handle electronic health records for the Defense Department. It had agreed to process tens of millions of crucial medical records, but it couldn't handle the subsequent deluge of data.

Persons: Larry Ellison's, Ellison, Cerner, I'm, Larry Ellison, Neal Patterson, Cerner's, Patterson, Ellison's, they're, David Shulkin, Margaret Albaugh, Cerner couldn't, Charlie Bourg, —, Larry, Marc Benioff, Ellison protégé, Mike Wilson, David Agus, oncologist, Agus, he'd, Steve Jobs, Sensei, We've, Georges De Keerle, Cerner —, hadn't, Mike Sicilia, Sicilia, Oracle, Anthony Jones Jr, Jones, Donald Remy, didn't, Seema Verma, Neil Evans, Sara Vaezy, Ed Meagher, haven't, Charlie Monroe —, it's, Charlie Bourg —, Bourg, Charlie Monroe, Monroe, Cathy McMorris Rodgers, grandkids, We're, there's Organizations: Oracle's, Oracle, Pentagon, Department of Veterans Affairs, Cerner, RAND Corporation, RAND, Big Tech, GE, Siemens, Cerner Corporation, Defense Department, Department of Defense, Business, Spokane, Ellison Institute of Technology, Microsoft, Agency, Health, Amazon, Veterans ' Affairs, Oracle Health, Navy, Columbus VA, BI, Life Sciences, Intermountain Health, UPMC, DOD, Seabees Locations: Las Vegas, antiaging, Silicon Valley, Spokane , Washington, Cerner, VistA, Bourg, Washington, Sicilia, Ohio, Columbus, Providence, Spokane, Monroe, CloudWorld

☆ US Steel’s future as an American company is about to come to a vote. It may not matter
▼ + stars: | 2024-04-12 | by ( Chris Isidore | ) edition.cnn.com time to read: +10 min

“It is important that we maintain strong American steel companies powered by American steelworkers,” he said. “US Steel has been an iconic American steel company for more than a century, and it is vital for it to remain an American steel company that is domestically owned and operated.”Experts said opposition from Biden and other politicians — both Republican and Democrats — make it unlikely the deal will win approval. “Six weeks ago, the United States gave Mitsui, a Japanese company, a $20 billion deal to build a crane factory here in the United States and replace all our port cranes throughout the United States. “If the administration has concerns about the Nippon Steel deal, it must seriously consider alternative outcomes. US Steel products, supported by significant capital investments from Nippon Steel, will remain mined, melted and made in America,” the company said.

Persons: Joe Biden’s, Biden, ”, —, “ It’s, Michael Leiter, Skadden, “, Kishida Fumio, ‘, ’, It’s, JD Vance, Phil Gibbs, KeyBank, Gibbs, it’s, Jeff Roberson, Nucor, hasn’t, ” “ Organizations: New, New York CNN, US Steel, Japan’s Nippon Steel, Justice Department, Foreign Investment, Treasury, Commerce, Defense, State, Homeland Security, American steelworkers, Steel, ”, Republican, Democrats —, Japanese, United States, Mitsui, United Steelworkers, steelworkers, Ohio, Nippon, Cleveland Cliffs, Nippon Steel, Cleveland, US Steel Granite City Works, AP, US Locations: New York, United States, Japan, American, Slate, United, Cleveland, US Steel Granite City, Arkansas, America

☆ The CEO 'return to office or else' is having limited success in 2024
▼ + stars: | 2024-02-04 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +5 min

This past week alone, Boeing and UPS called workers back to the office five days a week. A survey by the Conference Board found few U.S. CEOs saying they will prioritize bringing workers back to the office full time in the year ahead. Jotform, an online form-building platform with about 660 team members, recently made the decision to require employees to be in the office five days a week. A December Resume Builder poll of 800 business leaders found that 8 in 10 companies will track employee office attendance in 2024. In some cases, companies are also finding it difficult to crack down on lower-level employees because higher-ups also aren't complying.

Persons: it's, Elliott Sprecher, Morgan Chase, Davis Polk, What's, Laura Putnam, Henry Nothhaft, Betsy Henning, Finn, Putnam Organizations: Boeing, UPS, Conference Board, IBM, Google, Skadden, Finn Partners Locations: Slate, RTO

Another off-year election, another good night for Democrats – a rejoinder to a spate of recent polls showing alarming 2024 prospects for President Joe Biden. In Election Day’s marquee contests – the Kentucky gubernatorial race, Virginia’s legislative elections and a pro-abortion-rights ballot measure in Ohio – Democrats notched victories. Beyond that, “the real test was Trump’s ability to move voters in a state race,” Cross says. Tate Reeves won a second term – though the race was relatively close for a deep red state. In the secretary of state race, incumbent Michael Watson, a Republican, outran Reeves by more than 8 points in defeating Democrat Ty Pinkins.

Persons: Democrats –, Joe Biden, Andy Beshear, Daniel Cameron, Kentucky’s, Beshear, Biden, Cameron, Glenn Youngkin, ”, Roe, Wade, Beshear’s, Al Cross, Cross, “ I’m, Rich Meagher, Youngkin, “, Paul Beck, Daniel McCaffery, Carolyn Carluccio, Larry Ceisler, Micah Rasmussen, Rider, –, Tate Reeves, Democrat Brandon Presley, Elvis Presley, Reeves, Democrat hasn’t, Presley, Jim Hood, “ Reeves, Steve Rozman, Donald Trump’s, Reeves “, ” Rozman, Republican Russell Coleman, Pamela Stevenson, Michael Adams –, Buddy Wheatley, Lynn Fitch, Democrat Greta Kemp Martin, Michael Watson, outran Reeves, Ty Pinkins, Mark Brewer Organizations: Democrats, Kentucky gubernatorial, Democratic, Republican, GOP, University of Kentucky’s Institute for Rural Journalism, Macon College, Senate, Republicans, Ohio State University, Rebovich Institute for New, Democrat, Public Service Commission, Mississippi, College, University of Maine Locations: Ohio, Kentucky, In Virginia, Letcher, Perry County, Hazard, Breathitt County, Jackson, Virginia, Randolph, Pennsylvania, Philadelphia, ”, New Jersey, Jersey, Rebovich Institute for New Jersey, Mississippi, Maine

☆ Top legal firms criticize law schools they hire from, accusing them of failing to address antisemitism on campuses
▼ + stars: | 2023-11-02 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

24 US law firms wrote to college deans, demanding that they tackle antisemitism on their campuses. The White House warned this week of an "alarming" rise in antisemitism on US college campuses. AdvertisementAdvertisementSome of the US' largest law firms have penned an open letter to law school deans, demanding that they address incidents of antisemitism on their campuses. This follows a call last month by a law professor from the University of California Berkeley who urged law firms not to hire students with antisemitic views. A number of Jewish college students are planning to sue several elite universities, including Cornell and Harvard, over a perceived inaction on antisemitism.

Persons: —, Kirkland, Latham, Watkins, Skadden, Sidley Austin, Morgan, Lewis, Gibson, Dunn, Patrick Dai Organizations: Service, University of California, Defamation, Cornell University, Cornell, Harvard, Columbia University, University of Pennsylvania Locations: University of California Berkeley, Israel, Gaza

☆ Top law firms call out antisemitism on college campuses
▼ + stars: | 2023-11-02 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Some of the nation’s most powerful law firms are warning America’s elite universities to crack down on antisemitism on campus – or the schools and their students will face real consequences. “Over the last several weeks, we have been alarmed at reports of anti-Semitic harassment, vandalism and assaults on college campuses, including rallies calling for the death of Jews and the elimination of the State of Israel,” more than two dozen law firms wrote in a letter obtained by CNN. The letter campaign was spearheaded by Joe Shenker, senior chair of Sullivan & Cromwell, according to the New York-based law firm. “One would hope that by the twenty-first century, antisemitism would have been relegated to the dustbin of history,” Columbia University leaders said in a statement. Last month, a Columbia student hanging up posters on campus in support of Israel was assaulted.

Persons: Moore, Ellis, Paul, Weiss, Wachtell, Lipton, Katz, Joe Shenker, Sullivan, Cromwell, Ryna Workman, Israel “, ”, Strawn, Workman, “, ” Workman, they’ve, Liz Magill, ” Magill, ” Gillian Lester Organizations: New, New York CNN, CNN, Debevoise, Plimpton, Kirkland, Garrison, Rosen, Yale, Harvard, University of Virginia, University of Pennsylvania, Cornell, University of Michigan, University of Michigan , New York University, Stanford, NYU Student Bar Association, Winston, NYU, Columbia University, ” Columbia University, Columbia Law School, Cornell University Locations: New York, Israel, ”, Rifkind, Wharton, Slate, Columbia, Georgetown, University of Michigan , New, Penn, New York City

☆ Cisco beefs up cybersecurity play with $28 bln Splunk deal
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

The logo of networking gear maker Cisco Systems Inc is seen during GSMA's 2022 Mobile World Congress (MWC) in Barcelona, Spain February 28, 2022. REUTERS/Nacho Doce Acquire Licensing RightsSept 21 (Reuters) - Cisco Systems (CSCO.O) on Thursday agreed to acquire cybersecurity company Splunk (SPLK.O) for about $28 billion, in its biggest acquisition ever that would bolster its network security business. "Combined, Cisco and Splunk will become one of the world's largest software companies and will accelerate Cisco's business transformation to more recurring revenue," the companies said in a joint statement. Cisco shares were down nearly 5% in premarket, while trading in Splunk stock was halted. The deal, which was unanimously approved by the boards of both Cisco and Splunk, is expected to close by the end of the third quarter of 2024 subject to regulatory approvals.

Persons: Simpson Thacher, Moore, Morgan Stanley, Flom, Splunk, Yuvraj Malik, Anil D'Silva Organizations: Cisco Systems Inc, Congress, REUTERS, Cisco Systems, Splunk's, Cisco, Splunk, Tidal Partners, Bartlett, Qatalyst Partners, Thomson Locations: Barcelona, Spain, premarket, Cravath, Slate, Bengaluru

☆ Cisco acquiring cybersecurity company Splunk in cash deal worth $28 billion
▼ + stars: | 2023-09-21 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

(Photo by Jakub Porzycki/NurPhoto via Getty Images)Cisco is acquiring cybersecurity software company Splunk for $157 a share in a cash deal worth about $28 billion, the company said Thursday. The acquisition is one of Cisco's largest, and continues an acquisition streak which has built out the company's cybersecurity offerings. Splunk is a cybersecurity company that helps enterprises monitor and analyze their data to minimize the risk of hacks and resolve technical issues faster. If Cisco backs out of the deal or is forced to do so because of regulatory intervention, it will pay Splunk a termination fee of $1.48 billion, according to a regulatory filing. If Splunk backs out of the deal for any reason, it will pay a $1 billion breakup fee to Cisco.

Persons: Jakub Porzycki, Chuck Robbins, Robbins, Simpson Thacher, Moore, Morgan Stanley, Flom, Splunk Organizations: Getty Images, Cisco, Tidal Partners, Qatalyst Partners Locations: Krakow, Poland, Slate

☆ Mother of Marine killed in Abbey Gate bombing says she wants full account of where her son took his last breath
▼ + stars: | 2023-09-01 | by ( Kaanita Iyer | ) edition.cnn.com time to read: +3 min

“Just accurate statements of where my child was at the time of the bombing, where he took his last breath – all that, we have no information on any of that,” Alicia Lopez, mother of Cpl. The Biden administration has sought in recent days to honor members of the military involved in the US withdrawal of American troops from the country. But two years on, questions over the frenzied exit remain and Lopez and other families of Abbey Gate victims are demanding that the president take accountability. “We have requested true accountability and validation of the stories that the Marines that were injured and that were there have told us,” Lopez told Tapper. At a congressional roundtable earlier this week, the families of Abbey Gate victims offered emotional testimony about the withdrawal and losses.

Persons: Biden, ” Alicia Lopez, Cpl, Hunter Lopez, CNN’s Jake Tapper, Lopez, ” Lopez, Tapper, hasn’t, Joe Biden, ”, Chris Meagher, “, Hamid Karzai, Trump, Jaclyn Schmitz, Lance Cpl, Jared Schmitz Organizations: CNN, Marines, Pentagon, Gold Star, Department of Defense, Republican, House Foreign Affairs Committee, White, Department Locations: Kabul, Afghanistan

The U.S. Justice Department and Federal Trade Commission (FTC) have mounted an unprecedented number of legal challenges to mergers since Biden came to office in 2021. The Justice Department lost a merger in the insurance industry but won an effort to stop a book publisher merger. Deal advisers said companies had already braced for a tough antitrust regime under Biden and some had been emboldened by the regulators' recent court losses. "The (regulators' guidelines) do provide more transparency but that transparency also reveals some concerns that they are quite hostile to consolidation. The new antitrust guidelines also reflect the White House's focus on labor issues.

Persons: Gonzalo Fuentes, Joe Biden's, Biden, Department's, Kenneth Schwartz, Flom, Fiona Schaeffer, Milbank, Elizabeth Warren, Warren, Diane Bartz, Richard Chang, Chizu Nomiyama, Daniel Wallis Organizations: Viva Technology, Porte de, REUTERS, U.S . Justice Department, Federal Trade Commission, Microsoft, Activision Blizzard Inc, FTC, Meta, Justice Department, JetBlue Airways, Spirit Airlines Inc, Amazon.com, Amazon, Flom LLP, Global, LSEG, Intelligence, Democrat, Congress, Thomson Locations: Porte, Paris, France, WASHINGTON, Skadden, Slate

NEW YORK/LONDON, June 30 (Reuters) - Global mergers and acquisitions (M&A) activity fell 36% year-on-year in the second quarter, but investment bankers and lawyers expressed optimism that the stock market's recovery will gradually restore chief executives' dealmaking confidence. "Global uncertainty is what is impacting M&A most - it just makes people uncomfortable. It's easier to say, I'll pass on a deal - nobody gets fired for passing on a deal. M&A volumes in the United States declined by 30% to $318.4 billion, while Europe and Asia Pacific volumes shrank 49% and 24% respectively. Not a single so-called mega-deal, which typically refers to transactions worth over $25 billion, was signed during the quarter.

Persons: Michael Aiello, Weil, Raymond McGuire, Steve Baronoff, Bunge, John Collins, Morgan Stanley, there’ll, Ethan Klingsberg, Deringer, Manolo Falco, Scott Miller, Sullivan, Cromwell, Howard Ellin, Flom, Dwayne Lysaght, Eric Schiele, Kirkland, Ellis, Anirban Sen, Andres Gonzalez, Stephen Coates Organizations: Manges LLP, Lazard Ltd, Bank of America, Reuters Graphics Reuters, Magellan Midstream Partners, Viterra Ltd, Carrier Global, Investment, Citigroup Inc, JPMorgan Chase, Antitrust, U.S . Federal Trade Commission, Horizon Therapeutics, Thomson Locations: United, Europe, Asia, Skadden, Slate, New York, London

☆ In return to office messaging, there's now more stick, less carrot
▼ + stars: | 2023-06-29 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +8 min

This marks a shift from the incentive culture that many companies have been using to lure workers back to the office post-pandemic. But workforce demographics vary widely when it comes to the benefits, and the desire, to return to the office. Employees who work from the office at least three times a week report feeling more connected to their colleagues, a company spokesman said. This could mean, for instance, spelling out to the sales team that Mondays and Wednesdays are in-office days because that's when the bulk of customer interactions happen, and making clear to engineering that Thursdays are in-office days because that's when code reviews happen. This comes as the company will start mandating employees be in the office four days a week, up from three days, after Labor Day.

Persons: Bradford, Bell, William J, Conaty, there's, slowdowns, Morgan Chase, Davis Polk, Sallie Krawcheck, Lynne C, Vincent, Jenny von Podewils, Podewils, Rubab Jafry O'Connor, Neil Barr Organizations: Resources, Center, Cornell University's ILR, Google, Skadden, Wardwell, LaSalle Network, Citi, Bank of America, CNBC, Companies, Whitman School of Management, Syracuse University, Employees, Carnegie Mellon University's Tepper School of Business, Labor Locations: Slate

☆ 4 things 'Succession' gets wrong about business
▼ + stars: | 2023-05-28 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +7 min

HBO's hit show "Succession" airs its series finale Sunday night, with Waystar Royco's future in the balance. It captures the spirit of boardroom drama, but takes some liberties with corporate law, experts said. On HBO's hit show "Succession," the beats of a proxy fight are sometimes just as intense as a scheming betrayal from a once loyal lackey. Over four seasons, the show has laid out a thesis about the all-encompassing gravitational force of Logan Roy, the media mogul behind the fictional news and entertainment conglomerate Waystar Royco. "But the failure of the board to engage in any succession planning at all, is a first thing to note," she said.

Mr. Stanbro, however, was accused of assault and after he left the hospital was put in solitary confinement. At Clinton Correctional Facility, near the Canadian border, guards kicked and punched a handcuffed man, breaking his rib. In all three cases, the staff members filed false reports to cover up the assaults, court records show, and faced no discipline. The Marshall Project obtained disciplinary data on more than 290 cases in which the corrections department tried to fire guards or supervisors accused of abusing prisoners. In nearly three-quarters of those cases, the agency also accused the officers of covering up misconduct, often by acting in concert.

An officer who broke his baton hitting a prisoner 35 times, even after the man was handcuffed, was not fired. In dozens of documented cases involving severe injuries of prisoners, including three deaths, the agency did not even try to discipline officers, state records show. The records probably reflect only a fraction of the violence guards have inflicted in New York’s corrections system, experts said. These records do not detail prisoner attacks on officers, which the department and the guards’ union said have increased in recent years. A key reason the prison system finds it so hard to get rid of guards is the contract the state signed in 1972 with the union.

☆ Nancy Lieberman, Lawyer Who Came Back From Skiing Disaster, Dies at 66
▼ + stars: | 2023-04-21 | by ( James R. Hagerty | ) www.wsj.com time to read: 1 min

Nancy Lieberman became the youngest person to ever make partner at the law firm of Skadden, Arps, Slate, Meagher & Flom. Photo: Bryan Thomas for The Wall Street JournalWhile skiing on Christmas Eve in 2007 in Telluride, Colo., Nancy Lieberman lost control and hit a tree. She heard her neck snap. Before undergoing an operation at a hospital, she gave instructions to her husband: “If I don’t come out of this with my brain intact, pull the plug.”

☆ Marjorie Taylor Greene defends suspected Pentagon leaker, saying he is 'white, male, Christian, and anti-war'
▼ + stars: | 2023-04-14 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +3 min

Marjorie Taylor Greene defended the suspected Pentagon leaker, saying he is "white, Christian, and anti-war." Greene said, "He told the truth about troops being on the ground in Ukraine and a lot more." download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyRep. Marjorie Taylor Greene has defended the man suspected of leaking top-secret Pentagon documents, saying he is "white, male, Christian, and anti-war." Greene said, "He told the truth about troops being on the ground in Ukraine and a lot more. Teixeira was sitting on his porch reading when he was arrested at his home and taken into custody by FBI agents.

☆ What's in the leaked Pentagon documents that could hurt Ukraine and has US officials panicking
▼ + stars: | 2023-04-11 | by ( John Haltiwanger | Sonam Sheth | ) www.businessinsider.com time to read: +9 min

Dozens of secret Pentagon documents were leaked online in recent weeks. Many of the documents appear to be intelligence briefing materials on a wide range of subjects, dating back to around early March. When were the documents leaked and who leaked them? But Bellingcat reported that some of the materials date back to January and may have been leaked online earlier. Leaked documents claim that Ukrainian President Volodymyr Zelensky sought to attack Russian troop deployments inside Russia with drones.

☆ Russian jamming may have hamstrung a US-made bomb kit being used in Ukraine, leaked documents say
▼ + stars: | 2023-04-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Leaked Pentagon documents highlighted concerns about the Joint Direct Attack Munition weapon. The American-made bomb kit used by Ukraine may have been hamstrung by Russian jammers. One document in particular highlights concerns about US-made bomb kits which have been sent to Ukraine in recent months. One factor is the bomb fuses aren't arming at their release, which Ukraine's air force has worked to fix. Photo by Metin Aktas/Anadolu Agency via Getty ImagesThe Pentagon documents first became public last week and circulated through social media platforms like Discord, Twitter, and Telegram.

☆ Ukraine's military intel chief privately warned Bakhmut was 'catastrophic' as he made a gamble to get it under control, leaked documents show
▼ + stars: | 2023-04-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

The disclosure offers a glimpse into Ukrainian decision-making as Russian forces were closing in. Ukrainian soldiers ride atop a tank in the frontline in Bakhmut, Donetsk region, Ukraine, Monday, Feb. 20, 2023. The leaked US intelligence on Bakhmut, which offers insight into high-level Ukrainian decision-making, is only a slice of what the documents contain about Kyiv's military. One document in particular includes information about casualties on each side and indicates that more than twice as many Russian soldiers as Ukrainian soldiers have died fighting. Ukrainian soldiers help a wounded comrade into an evacuation vehicle in the frontline in Bakhmut, Donetsk region, Ukraine, Monday, Feb. 20, 2023.

☆ Perfect Storm for Some Companies: Fewer Interest Deductions, Rising Rates
▼ + stars: | 2023-02-06 | by ( Mark Maurer | ) www.wsj.com time to read: +9 min

For some firms, the move shrank the amount of taxable income that can be offset by interest expenses. Higher interest rates generally lead to higher interest expenses tied to companies’ variable-rate debt, new borrowings and refinancings. The cap can hit companies’ cash flows immediately, though not necessarily their financial statements, due to timing differences in claiming the deductions. Aluminum maker and recycler Novelis plans to allocate less cash toward its venture-capital arm due to the higher interest expenses. Leveraged loans have variable rates that typically reset every one to three months, based on short-term interest rates.

On Tuesday, Western Digital CEO David Goeckeler said the partnership with Apollo and Elliott would help "facilitate the next stages of Western Digital's strategic review." The latest investment is a precursor to a potential merger between Silicon Valley-based Western Digital and Japan's Kioxia Holdings Corp, according to people familiar with the matter. The sources, who requested anonymity as these discussions are confidential, said the talks between Western Digital and Kioxia are still active. Western Digital and Kioxia jointly produce NAND chips, which are widely used in smartphones, TVs, data center servers and public announcement display panels. Qatalyst Partners, Lazard and J.P. Morgan are serving as Western Digital's financial advisers and Skadden, Arps, Slate, Meagher & Flom LLP is serving as Western Digital's legal adviser.

☆ Corporate America is bracing for a rise in activist investing. Meet the 13 lawyers on speed-dial when companies and investors fight for boardroom control.
▼ + stars: | 2022-11-23 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +11 min

Law firms including Olshan Frome Wolosky LLP and Schulte Roth & Zabel are go-tos for activist investors looking to change how companies do business. Kai Liekefett, who co-chairs Sidley's shareholder activism practice, last year successfully defended cloud company Box Inc. in a proxy fight by Starboard. Liekefett has also defended clients against major activist investors including Carl Icahn and Trian Partners. He has advised clients against major activist investors including Trian, Carl Icahn, Starboard Value and the billionaire Paul Singer. Lawrence Elbaum and Patrick Gadson, Vinson & ElkinsPatrick Gadson (L) and Lawrence Elbaum (R), co-heads of Vinson & Elkins' shareholder activism group.

Search resuls for: "Meagher"

25 mentions found