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☆ NHL Roundup: Canes rout Caps in Stadium Series
▼ + stars: | 2023-02-19 | by ( ) www.reuters.com time to read: +9 min

Josh Brown and Travis Boyd each had a goal and an assist, and Christian Fischer also scored. Arizona has earned points in eight straight games (4-0-4) for the first time in 11 years. Corey Perry and Vladislav Namestnikov each had a goal and an assist, and Steven Stamkos and Pierre-Edouard Bellemare also scored goals for Tampa Bay. Columbus' Mathieu Olivier collected a goal and two assists, Eric Robinson had one of each and Liam Foudy scored his first career NHL regular-season goal. Joonas Korpisalo turned aside 28 shots for the Blue Jackets, while forward Johnny Gaudreau sat out because of a lower-body injury, ending his streak of playing in 349 straight games.

☆ Former SEC Chair Jay Clayton: The criticisms against stock buybacks 'just don't hold up'
▼ + stars: | 2023-02-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer SEC Chair Jay Clayton: The criticisms against stock buybacks 'just don't hold up'Former SEC Chair Jay Clayton joins 'Squawk Box' to discuss the proposed buyback tax for companies, how companies decide to spend their excess revenues, and more.

☆ NHL roundup: Auston Matthews' return boosts Leafs
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +4 min

[1/6] Feb 15, 2023; Toronto, Ontario, CAN; Toronto Maple Leafs right wing William Nylander (88) battles for the puck with Chicago Blackhawks defenseman Caleb Jones (82) in front of Blackhawks goaltender Petr Mrazek (34) during the third period at Scotiabank Arena. Mandatory Credit: Nick Turchiaro-USA TODAY SportsFebruary 16 - Auston Matthews had a goal and an assist in his return after missing five games with a sprained knee, helping the Toronto Maple Leafs earn a 5-2 win over the visiting Chicago Blackhawks on Wednesday night. The Maple Leafs went 2-3-0 while Matthews was out. Conor Timmins added a goal, and the Maple Leafs goalie Ilya Samsonov made 27 saves. Lazar and defenseman Oliver Ekman-Larsson left due to lower-body injuries, and goalie Arturs Silovs stopped 22 shots in his NHL debut.

☆ Buyout barons reach deep into their bags of tricks
▼ + stars: | 2023-02-15 | by ( Jonathan Guilford | ) www.reuters.com time to read: +7 min

NEW YORK, Feb 15 (Reuters Breakingviews) - Debt necessity is proving to be the mother of private equity invention. With the cheap borrowing that fueled record-breaking years of leveraged buyouts gone, firms are digging deeper into their bags of tricks. Private equity firm Silver Lake, which bought a stake alongside the IPO, said it might take control. Besides putting private equity firms into weaker negotiating positions, the competing incentives also threaten conflicts of interest with limited partners. ...THERE’S A WAYIf the U.S. Federal Reserve avoids engineering a recession, private equity should be able to revert to its tried-and-true formula soon enough.

☆ NHL roundup: Adrian Kempe, Kings pound Penguins
▼ + stars: | 2023-02-12 | by ( ) www.reuters.com time to read: +10 min

Mika Zibanejad scored his 27th goal, Kaapo Kakko also found the net and Vincent Trocheck and Jimmy Vesey each added two assists. Carolina's Sebastian Aho saw his six-game goal streak end. Blues 6, Coyotes 5 (OT)Ryan O'Reilly scored the winning goal 1:02 into overtime to lift St. Louis past visiting Arizona. Scott Wedgewood made 28 saves in his first appearance since blanking the Los Angeles Kings 4-0 on Jan. 19. Jonatan Berggren scored two goals, Filip Hronek scored a goal, and Ben Chiarot had two assists for the Red Wings.

☆ NHL roundup: Vladimir Tarasenko scores in Rangers debut
▼ + stars: | 2023-02-11 | by ( ) www.reuters.com time to read: +3 min

[1/4] Feb 10, 2023; New York, New York, USA; New York Rangers right wing Vladimir Tarasenko (91) skates against the Seattle Kraken during the first period at Madison Square Garden. Kaapo Kakko and Vincent Trocheck also scored in the three-goal opening period as the Rangers improved to 5-0-1 since revamping their lines. Ryan Lindgren, Jacob Trouba and Zibanejad added goals for New York, and Igor Shesterkin made 26 saves. Andreas Athanasiou finished with a goal and two assists, Colin Blackwell and Seth Jones also scored goals and Sam Lafferty added two assists for the Blackhawks. Mason McTavish scored in a two-point game and Trevor Zegras and John Klingberg added a goal apiece for the Ducks.

☆ Dogs hit the catwalk at New York Fashion Week
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +1 min

Feb 10 (Reuters) - Humankind's best friends stole the show at Elysian Impact's Inaugural CatWalk FurBaby fashion show on Friday during New York Fashion Week. The event brought together designers, models, and rescue animals for a day of fashion and fundraising for animal welfare organizations. [1/3] A dog walks on the runway during the CatWalk FurBaby show during the New York Fashion Week in New York, U.S., February 10, 2023. REUTERS/Jeenah Moon 1 2 3Dr Christina Rahm, CEO of DRC Ventures, the event's lead sponsor - who has three dogs and a cat - manages various brands including a couture luxury pet and human fashion line. So we did a couture line as well," she said backstage ahead of the show.

☆ Potential easing of climate-disclosure rules: Former SEC chair breaks down top issues
▼ + stars: | 2023-02-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPotential easing of climate-disclosure rules: Former SEC chair breaks down top issuesJay Clayton, former SEC chairman, joins 'Squawk Box' to discuss the SEC's decision to consider softer regulations for climate disclosures.

☆ Trump Aides Planned to Whip up Election Lies While Admitting Biden Won: Audio Leak
▼ + stars: | 2023-02-04 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +4 min

The Associated Press obtained audio of Donald Trump's aides discussing the aftermath of the 2020 election. The Wisconsin aides planned to "fan the flame" about baseless election fraud claims, despite admitting Trump lost. Trump won Wisconsin in 2016, but Joe Biden beat him in 2020 by nearly 21,000 votes. The audio provides insight into the inner workings of the Trump campaign and the disconnect between their private conversations about the election and public allegations about election fraud. Trump campaign spokesperson Steven Cheung responded to AP: "The 2024 campaign is focused on competing in every state and winning in a dominating fashion.

☆ Elon Musk's Twitter ordered by officials to properly label bedrooms in San Francisco HQ as sleeping areas — or convert them back to offices within 15 days
▼ + stars: | 2023-02-03 | by ( Kate Duffy | Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

San Francisco told Twitter to label converted bedrooms as sleeping areas, per a correction notice. If it doesn't comply, Twitter has 15 days to convert the bedrooms back to offices in its HQ. Officials launched an investigation in December into Twitter's office bedrooms. Patrick Hannan, the Building Inspection Department's communications director, confirmed to Insider in December it was investigating reports that Twitter had converted some office rooms into sleeping areas in its HQ. A former Twitter employee told BBC News that Musk had often slept in Twitter's offices since taking over the company.

☆ Private equity firm CD&R proposes to buy Focus Financial for $4.1 bln
▼ + stars: | 2023-02-02 | by ( ) www.reuters.com time to read: 1 min

Feb 2 (Reuters) - Private equity firm Clayton, Dubilier and Rice is weighing a $4.1 billion buyout offer for investment adviser Focus Financial Partners Inc (FOCS.O), according to a regulatory filing on Thursday. The offer price of $53 per share marks a nearly 15% premium to stock's last close on Wednesday. Shares of Focus Financial were up 12.4% at $52 in premarket trading. Private equity firms, with billions of dollars of cash and a mandate to invest, have offered some respite in an environment that is still tough for dealmaking as fears of an economic downturn intensify. Reporting by Niket Nishant; Editing by Shinjini Ganguli and Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

A trading book includes loans banks have earmarked for sale and are thus marked-to-market, while a banking book is where a lender holds loans and other assets not intended for disposal. This implies a heavy discount of 15 pence on the pound if banks sell the loans at that level. Banks make money also by charging the borrower a fee to provide loans, then sell the loans to third party investors. Reuters could not ascertain the exact size of the hit on the loans sold. On the flipside, loans sold by banks can generate attractive gains for buyers.

☆ Costcutter owner Bestway buys Sainsbury's stake
▼ + stars: | 2023-01-27 | by ( James Davey | ) www.reuters.com time to read: +4 min

Sainsbury's shares were up 4.5% on Friday, hitting their highest since April and leading gainers on the FTSE 100 (.FTSE) index. The 3.45% stake makes Bestway Sainsbury's sixth largest investor, Refinitiv Eikon data showed. Asda was purchased by brothers Mohsin and Zuber Issa and private equity company TDR Capital for an enterprise value of 6.8 billion pounds, while Morrisons was bought by U.S. private equity firm Clayton, Dubilier & Rice for 7 billion pounds. Sainsbury's proposed 7.3 billion pounds takeover of Asda was blocked by Britain's competition regulator in 2019. Shares in Sainsbury's closed on Thursday at 239.4 pence, valuing the business at 5.6 billion pounds.

☆ JFK airport's new terminal will be powered by a microgrid and the largest rooftop solar array in New York City
▼ + stars: | 2023-01-26 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +3 min

A new terminal at New York's JFK will be partly powered by a microgrid, batteries, and fuel cells. John F. Kennedy International Airport's $9.5 billion New Terminal One will be partly powered by a microgrid with 11.34 megawatts of electricity from rooftop solar, gas fuel cells, and battery storage. A system that captures waste heat from the fuel cells will chill and warm water. The rooftop solar array — made up of more than 13,000 panels — will be the largest in New York City and at any US airport terminal, AlphaStruxure said. Installing fuel cells, instead of diesel generators, is estimated to reduce emissions of nitrogen oxide, a toxic air pollutant, by 98%, Macias added.

☆ Britain's Morrisons puts faith in better pricing to win back customers
▼ + stars: | 2023-01-26 | by ( James Davey | ) www.reuters.com time to read: +2 min

Morrisons, owned since 2021 by U.S. private equity firm Clayton, Dubilier & Rice, was overtaken as Britain's fourth-largest grocer by market share by German-owned discounter Aldi last September, according to researcher Kantar. Monthly industry data has consistently shown the group underperforming rivals including market leader Tesco (TSCO.L) and No. Sales in the three weeks before Christmas were up 2.5% year on year, said Morrisons, which has a UK grocery market share of 9.1%. In the financial year to end-October, Morrisons reported a 15% drop in core earnings (EBITDA) to 828 million pounds ($1.03 billion) while underlying sales fell 4.2%. Analysts had suggested that Morrisons' debt burden following CD&R's 7 billion pound purchase has impacted its ability to maintain price competitiveness.

☆ Ticketmaster under fire: 6 takeaways from hearing over Taylor Swift concert fiasco
▼ + stars: | 2023-01-24 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +9 min

The venues controlled by Live Nation set fees that are “consistent with the other venues in the marketplace,” he said. Entertainment industry pushes back at Ticketmaster’s dominanceMembers of the entertainment industry and one rival spoke out against Ticketmaster’s dominance in the industry. Andrew Harnik/APClyde Lawrence, a singer-songwriter on the witness panel, explained how the company acts as a promoter, a venue and the ticketing company, which eats into performing artists’ revenues. Artists, he said, have no leverage over Live Nation. Lawmaker says Ticketmaster merger should ‘be on the table’Lawmakers repeatedly questioned the US government’s past handling of the Live Nation merger with Ticketmaster.

☆ Ohio woman arrested at Atlanta airport for spraying cops with fire extinguisher after refusing to pay food bill, witnesses say
▼ + stars: | 2023-01-21 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Jennifer Holder, 27, was caught on video spraying a fire extinguisher after a confrontation with airport staff. Witnesses say workers approached Holder after she skipped out on her dinner tab, according to reports. Witnesses said the incident began when Holder allegedly dined and dashed on her bill from Buffalo Wild Wings, according to Inside Edition. The Atlanta Police Department said in a news release officers responded to a report that a "suspicious female" was attempting to open secured doors inside the airport on Tuesday night. According to the National Capital Poison Control Center, fire extinguishers generally have "some risk for mild respiratory, skin, or eye irritation."

David Crosby, the legendary singer-songwriter and founding member of the Byrds and Crosby, Stills, Nash & Young, has died, a source close to the musician confirmed Thursday. The two-time Rock & Roll Hall of Fame inductee died after a long illness, his wife said in a statement to Variety. "David was fearless in life and in music," Nash said. Crosby, Stills & Nash — later known as Crosby, Stills, Nash & Young when joined by musician Neil Young — were founded the following year and released a series of hits with "Marrakesh Express," "Just a Song Before I Go," "Woodstock" and others. From left, David Crosby, Stephen Stills, Graham Nash of Crosby, Stills & Nash in San Francisco, on Nov. 23 1991.

How LGFCU accounts compare Local Government Federal Credit Union Share SavingsLocal Government Federal Credit Union Checking AccountLocal Government Federal Credit Union Money Market AccountLocal Government Federal Credit Union Share Term Certificates Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. How Local Government Federal Credit Union worksLocal Government Federal Credit Union is a financial institution that serves North Carolina's local government employees and volunteers. The credit union doesn't have branches, but it's partnered with State Employees Credit Union. Local Government Federal Credit Union vs. Truliant Federal Credit UnionTruliant Federal Credit Union is a CDFI that serves local communities in North Carolina, South Carolina, and Virginia. Local Government Federal Credit Union offers higher interest rates, but Truliant Federal Credit Union doesn't charge monthly services.

Bills to block the app on state devices in California, Massachusetts, New York and Vermont have also been proposed. University of IdahoSchool’s policy: TikTok must be removed from university equipment "regardless of funding source," according to the school's help page. South Dakota University SystemSchool’s policy: The South Dakota Board of Regents, which governs six universities including Black Hills State University, University of South Dakota, Northern State University, Dakota State University, South Dakota State University and South Dakota Mines, told employees they could not use, download or access TikTok on university devices. University of Texas — AustinSchool’s policy: On Dec. 16, university officials announced that TikTok would be banned on state-issued devices. Texas Tech UniversitySchool’s policy: University employees are prohibited from using TikTok on school-issued devices and official university TikTok accounts must be deactivated.

☆ JPMorgan says college-planning firm it bought lied about its scale. Consumers may have been misled, too
▼ + stars: | 2023-01-13 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

watch nowIn response, the FTC sent a warning letter to Frank, pointing out a number of claims on its website could be "unlawfully misleading consumers." Besides the problems flagged by government officials, higher education expert Mark Kantrowitz said he noticed other questionable claims made by Frank. At one point, the company said it could complete people's Free Application for Federal Student Aid, or FAFSA, in just four minutes. "If it's too good to be true, it probably is," Kantrowitz said. Student loan, financial aid help is available for free

☆ CD&R Hires Former Marsh & McLennan CEO Dan Glaser as Operating Partner
▼ + stars: | 2023-01-09 | by ( Miriam Gottfried | ) www.wsj.com time to read: 1 min

Marsh & McLennan’s market capitalization climbed to over $80 billion during the decade Dan Glaser spent as its chief executive. Dan Glaser , the former chief executive of insurance broker and benefits company Marsh & McLennan Cos., is joining private-equity firm Clayton, Dubilier & Rice LLC as an operating partner. Mr. Glaser, who said in September that he would be retiring after a 40-year career in insurance, will work for a new financial-services unit that CD&R recently launched, firm executives said.

☆ The private-equity firm behind Italian soccer champs AC Milan is quietly building a financial services powerhouse
▼ + stars: | 2023-01-05 | by ( Hayley Cuccinello | Dakin Campbell | ) www.businessinsider.com time to read: +4 min

RedBird Capital is best known as the private-equity owner of soccer club AC Milan. But the sports dealmaker is quietly building a financial services arm to rival its flashier bets. RedBird Capital is one of the buzziest names in dealmaking when it comes to sports and Hollywood. In August, the New York City-based private equity firm bought soccer club AC Milan for $1.2 billion. The firm's philosophies for financial services and sports are one and the same: taking advantage of fragmented environments with firms that have long-term recurring cash flow.

☆ Former SEC chairman Jay Clayton breaks down questions around Sam Bankman-Fried criminal case
▼ + stars: | 2023-01-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer SEC chairman Jay Clayton breaks down questions around Sam Bankman-Fried criminal caseJay Clayton, former SEC chairman, joins 'Squawk Box' to discuss the speed of prosecution in Sam Bankman-Fried's fraud case, if the government could look to a plea deal with SBF and more.

A Louisiana officer was arrested and charged after a high-speed chase that led to the deaths of two teenage girls, officials said. Officials didn't clarify how fast Cauthron was going at the time of the crash in Brusly, a town about 10 miles southwest of Baton Rouge. His bond was set at $100,000, and as of Tuesday, he remained in the West Baton Rouge Parish Detention Center, online records show. He was arrested and charged with two counts of manslaughter by law enforcement in West Baton Rouge. Maggie and Caroline were both cheerleaders at Brusly High School in West Baton Rouge, according to the school.

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