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Search resuls for: "Mark La"


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☆ Phillips 66 is cutting 1,100 jobs — and returning billions of dollars to shareholders
  + stars: | 2022-11-09 | by ( Matt Egan | ) edition.cnn.com   time to read: +1 min
Phillips 66 spokesperson Bernardo Fallas said the smaller workforce was driven by a combination of attrition and eliminated positions. “Phillips 66 is undergoing a company-wide effort to optimize its cost structure and reimagine its operating model to enable sustainable savings,” the spokesperson said. Houston-based Phillips 66 said the cost-cutting moves, along with other steps, will give the company more financial firepower to boost stock buybacks and dividends. Phillips 66 said it plans to return an additional $10 billion to $12 billion to shareholders between mid-2022 and the end of 2024. “We are announcing a number of priorities designed to reward shareholders,” Phillips 66 CEO Mark Lashier said in a statement.
☆ Billionaire Marc Lasry details the opportunities he sees right now from buying up stocks to debt financing: 'If you need any money, call'
  + stars: | 2022-11-08 | by ( Hayley Cuccinello | ) www.businessinsider.com   time to read: +2 min
A depressed market is good for firms like Avenue Capital that make distressed investments. Billionaire CEO Marc Lasry breaks down the potential opportunities at a Forbes conference in NYC. Lasry sees demand booming for high interest rates loans of up to 15%. Lasry is the CEO and co-founder of Avenue Capital Group, which makes money in tough times, including through high-interest rate loans to distressed borrowers. He also sees buying opportunities in stocks.
☆ Billionaire Marc Lasry breaks down where he sees opportunities in the current economy, and why rising rates mean he's no longer getting laughed off the phone
  + stars: | 2022-11-03 | by ( Hayley Cuccinello | ) www.businessinsider.com   time to read: +2 min
A depressed market is good for firms like Avenue Capital that make distressed investments. Billionaire CEO Marc Lasry breaks down the potential opportunities at a Forbes conference in NYC. Lasry sees demand booming for high interest rates loans of up to 15%. Lasry is the CEO and co-founder of Avenue Capital Group, which makes money in tough times, including through high-interest rate loans to distressed borrowers. It's just one reason the crowd gathered at the Forbes conference was interested in hearing him speak.
☆ An ex-Morgan Stanley employee has been repping staffers with bias claims against the bank. In a new suit, a top exec is accused of 'racist rants.'
  + stars: | 2022-09-27 | by ( Danielle Walker | ) www.businessinsider.com   time to read: +8 min
Blackburn Law, PLLC. "Essentially, Morgan Stanley gave me the seed money to start my practice," Blackburn said of his resolved legal dispute with the bank. A Morgan Stanley spokesman declined to comment on Blackburn's employment at the firm. Hornbach allegedly tasked von der Schmidt with producing the research publication in December 2019, months into his employment at Morgan Stanley. He said it was experiences at Morgan Stanley that put him on the path to being a litigator.
☆ Long an Uneasy Prince, King Charles III Takes On a Role He Was Born To
  + stars: | 2022-09-08 | by ( Mark Landler | ) www.nytimes.com   time to read: +1 min
LONDON — Never, perhaps, has an heir been more ready for the crown. Charles, the eldest son of Queen Elizabeth II and a man born to be king, acceded to the throne on Thursday after being the designated successor for longer than anyone in the history of the British monarchy. As King Charles III, he will become sovereign of the world’s most important constitutional monarchy, head of the most storied royal family, and a symbol of continuity in a storm-tossed country. Having aged from an awkward, self-doubting young man into an unhappy middle-aged husband, Charles has become, at 73, a self-assured, gray-haired eminence, steeped in causes like climate change and environmental protection, which were once quirky but now seem peculiarly in sync with the times. Whether Charles will ever enjoy the respect or affection showered on his mother is another question.
☆ From Boeing Starliner to Goodyear Tesla tire, 3-D printing is becoming manufacturing reality
  + stars: | 2022-07-31 | by ( Rebecca Fannin | ) www.cnbc.com   time to read: +7 min
Currently, about 2% of its production is through additive manufacturing and more integration into the mix is in sight. 3-D printing is not for every job. Prices for industrial 3-D printing machines can vary from $25,000 to $500,000 and up to $1 million for huge systems. But stock market reception of 3-D printing as a pure-play investment theme has not been good in recent years. Pivoting to 3-D printing was the company's "Kodak moment," said owner and president Mark Lamoncha.
☆ 12 career counselors reveal the industries where hiring is still hot for new college grads — even as layoffs mount
  + stars: | 2022-07-18 | by ( Reed Alexander | Rebecca Knight | Rachel Durose | ) www.businessinsider.com   time to read: +9 min
High-profile hiring freezes in the tech industry raised alarms about the health of the job market. But career counselors at universities nationwide insist grads are still getting hired. For many new college grads, the summer's hazy afterglow of no more studying, exams, or group projects is counterbalanced with the pressure of the all-important job search. Insider interviewed a dozen college career counselors and undergraduate professors to get their takes on how the job market is holding up for recent grads. And amid volatility in the stock market, industry experts have predicted that layoffs are likely for some investment bankers.
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