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The law firms that billed FTX are Sullivan & Cromwell, Landis Rath & Cobb, and Quinn Emanuel Urquhart & Sullivan. Landis Rath & Cobb and Sullivan & Cromwell, FTX's primary legal firms, billed the company a combined $10.7 million for over 8,400 hours of work. Landis Rath & Cobb billed $1.16 million for work done between Nov. 11 and Nov. 30. Full compensation for legal and advisor fees will not occur until a final fee application is filed, whenever FTX's bankruptcy saga concludes. Lawyers for Sullivan & Cromwell did $40,000 worth of work just to appear in FTX's first bankruptcy hearing on Nov. 22, based on court filings of hours billed and hourly rates.

☆ 2 firms helping with FTX's bankruptcy are seeking $13 million of payment for under 3 weeks of work, including nearly $20,000 for food
▼ + stars: | 2023-02-08 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Two of those deal with less than three weeks of work, and seek a total of $13 million. Law firm Sullivan & Cromwell charges $2,165 an hour for the time of its partners, who did 2,267 hours of work. Partners did a total of 2,267 hours work on the case in the 19 days between November 12 and 30. Alvarez and Marshal, a management consulting firm, is also charging for its first 20 days of work, seeking $5.2 million for a total of 7,925 hours work. Landis Rath & Cobb and AlixPartners are both asking for over $900,000, and Quinn Emanuel Urquhart & Sullivan is seeking $1.2 million.

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☆ U.K. Regulators Are Urged to Address Pension Risks After Last Year’s Crisis
▼ + stars: | 2023-02-06 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +5 min

It also prompted regulators and policy makers last year to start calling for action to address the risks related to LDI strategies. As the crisis unfolded, U.K. pension funds began rushing to raise cash to satisfy collateral calls triggered by the moves on the government bonds. The committee, which in part scrutinizes the work of government agencies, said regulators failed to sufficiently focus on the risks associated with LDI strategies. This meant that while interest rates were falling, pension funds benefited. There should additionally be stricter limits and reporting on the amount of leverage allowed in LDI funds, the committee chair said.

☆ Kane's record-breaking goal seals Tottenham win over Man City
▼ + stars: | 2023-02-05 | by ( Martyn Herman | ) www.reuters.com time to read: +3 min

[1/4] Soccer Football - Premier League - Tottenham Hotspur v Manchester City - Tottenham Hotspur Stadium, London, Britain - February 5, 2023 Tottenham Hotspur's Harry Kane scores their first goal past Manchester City's Ederson and becomes Tottenham Hotspur's all time top goalscorer REUTERS/David KleinLONDON, Feb 5 (Reuters) - Manchester City's bid to chop Arsenal's Premier League lead to two points was scuppered as Harry Kane's record-breaking goal earned Tottenham Hotspur a 1-0 win over the champions on Sunday. Kane's 15th-minute effort punished some sloppy City passing and made him the north London club's all-time top goalscorer with 267, taking him past former great Jimmy Greaves whose record had stood since 1970. Tottenham then withstood a late City siege with some tenacious defending to clinch a third win in four league games over Pep Guardiola's side. Tottenham, whose manager Antonio Conte was absent after having surgery to remove his gallbladder, are fifth on 39 points from 22 games, one behind Newcastle United. "Sooner or later it is going to change, but it is strange we haven't scored one goal," Guardiola said of City's troubles with Tottenham.

☆ A Mexico soccer icon entered politics. Prosecutors say narcos followed
▼ + stars: | 2023-02-03 | by ( Cuernavaca | ) www.reuters.com time to read: +27 min

Regional politicians, officials and military officers gathered in the Morelos state capital of Cuernavaca for breakfast in February 2022 to mark Mexico’s annual Army day. Mexican drug lords have a long tradition of buying off politicians in exchange for government protection of their illicit trade. Attempts to reach two of the alleged drug traffickers in the photo – Figueroa and Irving Solano Vera – were unsuccessful. Prosecutors in April asked the Morelos state congress to impeach Blanco so that he could be stripped of that shield. “He likes me very much because I’m not a politician,” Blanco told Reuters, in reference to the president.

☆ The Western-made tanks heading to Ukraine are unique — but that creates unique problems for Ukraine's military
▼ + stars: | 2023-02-02 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

While most modern tanks run on diesel, the Abrams uses a Honeywell 1,500-horsepower gas-turbine engine that functions best when burning JP-8 jet fuel. Challenger tanks were credited with destroying 300 Iraqi tanks. When Turkish Leopard 2s battled ISIS fighters in Syria in 2016, the results were less than impressive. Leopard manufacturer Rheinmetall has 22 Leopard 2s and 88 older Leopard 1s in its inventory, but those can't be made battle-ready until at least 2024. What matters is how many Ukraine will receive — 31 Abrams and 14 Challenger 2s are not a lot — and how Ukraine's military uses them.

☆ 4 reasons TikTok creators who never thought they'd try YouTube are suddenly embracing the platform
▼ + stars: | 2023-02-01 | by ( Shriya Bhattacharya | Marta Biino | ) www.businessinsider.com time to read: +11 min

Insider spoke to 10 TikTokers about why they're creating Shorts and longform content for YouTube. Then, last November, a change in the way YouTube pays creators shifted Taylor's thinking and pushed him to start posting on the platform. This year, she and her team will also start posting long-form videos in addition to Shorts on her channel. Creators are starting to fear that TikTok could get banned in the USFor some US creators, YouTube is the way to go because they worry that TikTok could be banned in the country. "Like Google's search engine, search on YouTube strives to surface the most relevant results according to keyword queries," a video posted on the company-owned channel YouTube Creators says.

☆ TikTokers who thought they'd never try YouTube are embracing it as it rolls out ad-revenue sharing on short videos
▼ + stars: | 2023-02-01 | by ( Shriya Bhattacharya | Marta Biino | ) www.businessinsider.com time to read: +11 min

YouTube is set to start sharing ad revenue with Shorts creators beginning February 1. Insider spoke to 10 TikTokers about why they're creating Shorts and longform content for YouTube. YouTube announced that it would start sharing advertising revenue with creators on Shorts, which is similar to TikTok's short-video style. This year, she and her team will also start posting long-form videos in addition to Shorts on her channel. "Like Google's search engine, search on YouTube strives to surface the most relevant results according to keyword queries," a video posted on the company-owned channel YouTube Creators says.

☆ Outlook for emerging markets deteriorated sharply over the past 2 years, consultancy says
▼ + stars: | 2023-01-30 | 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 EmailOutlook for emerging markets deteriorated sharply over the past 2 years, consultancy saysReza Baqir of Alvarez and Marsal, formerly governor of Pakistan's central bank, says that's because of the "rapid rise in public debt."

☆ Debt restructuring framework must improve to help distressed countries, Pakistan's ex-central banker says
▼ + stars: | 2023-01-30 | by ( Sumathi Bala | ) www.cnbc.com time to read: 1 min

Global bodies like the IMF need to step up and improve the framework for sovereign debt financing so that emerging market economies, like Sri Lanka, can get out of their debt distress problems faster. That's according to the former governor of the State Bank of Pakistan, the country's central bank. Reza Baqir, currently the global head of sovereign advisory services at Alvarez and Marsal, pointed out that Sri Lanka is still waiting for the International Monetary Fund debt relief to help restore stability as the country grapples with dire economic conditions. Sri Lanka "stopped paying its creditors in spring of last year and it's been close to nine months, and we are still waiting for a meeting of the IMF board," noted Baqir. "We need a more proactive response from the international financial community."

☆ Campbell Soup Names New CFO as It Looks to Continue Strong Growth
▼ + stars: | 2023-01-26 | by ( Jennifer Williams-Alvarez | Kathryn Hardison | ) www.wsj.com time to read: +3 min

Campbell Soup Co. appointed its next finance chief as the soup and snack maker looks to build on its recent growth. The Camden, N.J.-based company on Wednesday said Carrie Anderson will become chief financial officer, effective Feb. 6. Carrie Anderson, incoming CFO at Campbell Soup Co. Photo: Campbell Soup Co.Ms. Anderson is set to join Campbell from medical technology company Integra LifeSciences Holdings Corp. , where she has been CFO since June 2019. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team. Campbell’s brands include its namesake soup, Prego sauces, Pepperidge Farm snacks and breads, and Cape Cod potato chips.

Stanley Black & Decker Inc. appointed the chief financial officer of Fortune Brands Innovations Inc. to lead its finances as the tool maker works on substantial cost cuts. Mr. Hallinan will join Stanley Black & Decker after a 17-year career at home- and security-products maker Fortune Brands. Mr. Hallinan will remain CFO at Fortune Brands until March 2. At Stanley Black & Decker, Mr. Hallinan will succeed Corbin Walburger, who stepped in as interim finance chief last July when Donald Allan Jr. , the previous CFO, was elevated to chief executive officer. Patrick Hallinan has been appointed chief financial officer of Stanley Black & Decker, effective April 6.

☆ This is the M1 Abrams, the powerful US battle tank that Kyiv wants but can't have
▼ + stars: | 2023-01-21 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +7 min

But German Leopards and American Abrams tanks are still off the table. "I just don't think we're there yet," Colin Kahl, undersecretary for defense policy, said this week, "The Abrams tank is a very complicated piece of equipment," he argued. Just over 2,000 Abrams tanks were deployed with combat units during the war, and only 23 were damaged or destroyed. In the aftermath of the Gulf War, the US military developed the M1A2 Abrams, which has steadily been upgraded over the past two decades. The Abrams tank also saw extensive combat early in the Iraq War and was used to some extent in Afghanistan.

☆ New Zealand PM Jacinda Ardern's resignation shows burnout is still going strong. Here's how to know when you're there and why calling it quits might be the right thing.
▼ + stars: | 2023-01-21 | by ( Bethany Biron | ) www.businessinsider.com time to read: +6 min

The resignation of New Zealand PM Jacinda Ardern is shedding light on burnout among top global leaders. "I no longer have enough in the tank to do the job justice," Ardern said on Thursday. Insider spoke to experts to discuss how to identify burnout and when quitting might be the best option. Here's how to assess burnout and recognize when it might be time to hit the road, according to experts. "The reality is that burnout really happens in the shadows.

However, Congress in its last session in December didn’t reach an agreement, and finance chiefs say they hope the topic will be revisited. “That’s a 20 percentage point increase in tax for Yelp, so obviously very meaningful for us,” Mr. Schwarzbach said. The higher costs due to the law change will factor into investment decisions going forward, Mr. Schwarzbach said. The tax change has an impact on the company’s net income, Mr. Schwarzbach said. The San Francisco-based company reported R&D expenses of $75.8 million for the quarter ended Sept. 30, compared with $69.4 million a year earlier.

☆ Bud Light and Budweiser are getting a makeovers at this year’s Super Bowl
▼ + stars: | 2023-01-19 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +5 min

The latter, he said, “broke through” during the Super Bowl, but “needs time and commitment” to grow. In recent years, customers have been increasingly choosing premium or Mexican lagers, putting Bud Light out of favor with some beer drinkers. Garbe said the beer is the company’s “number 1 growth engine” and is soon set to overtake Bud Light in sales. Fox, which will broadcast Super Bowl LVII, is reportedly charging $7 million for a 30-second spot during the February 12 game in Glendale, Arizona. Liquor giant Diageo (DEO) is making its Super Bowl debut this year with an ad for Crown Royal whisky.

☆ Man City close gap at the top with thrilling comeback win over Spurs
▼ + stars: | 2023-01-19 | by ( Peter Hall | ) www.reuters.com time to read: +1 min

MANCHESTER, England, Jan 19 (Reuters) - Manchester City got back to winning ways in thrilling style after coming from two goals down to beat Tottenham Hotspur 4-2 on Thursday, a victory that moved the champions to within five points of Premier League leaders Arsenal. Looking to avoid a third successive defeat in all competitions, City were sluggish from the off and went into the break two goals behind after Dejan Kulusevski and Emerson Royal netted in quick succession at the end of the opening period. Three goals in 12 second-half minutes, however, quickly turned the match on its head, as strikes from Julian Alvarez, Erling Haaland, the Norwegian's first in four appearances in all competitions, and Riyad Mahrez put City in front. With the visitors chasing an equaliser down the other end, Mahrez added a late fourth to keep City well in the title race, five behind Arsenal having played one game more than the Gunners, while Spurs stay fifth, five points off the top four. Reporting by Peter Hall, editing by Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.

☆ Telefonica CEO: Europe has a very ambitious digital plan
▼ + stars: | 2023-01-18 | 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 EmailTelefonica CEO: Europe has a very ambitious digital planTelefonica boss Jose María Alvarez-Pallete Lopez discusses the outlook for the telecoms industry, Europe's industrial investment strategy and the company's TV and movie-streaming business.

☆ Top business leaders and policymakers discuss the future of jobs
▼ + stars: | 2023-01-18 | 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 EmailTop business leaders and policymakers discuss the future of jobsModerated by CNBC's Geoff Cutmore, top business leaders discuss at Davos, Switzerland, the impact the green transition, technological advances, demographics and reorganized value chains could have on labor markets. Joining CNBC is José María Álvarez-Pallete, chairman and CEO of Telefonica, Gilbert Fossoun Houngbo, director-general of the ILO, Martin J. Walsh, the Secretary of Labor for the U.S., Pamela Coke-Hamilton, executive director at the ITC, and Saadia Zahidi, managing director at the World Economic Forum.

☆ Top business leaders discuss the future of jobs at the World Economic Forum
▼ + stars: | 2023-01-18 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: 1 min

[The stream is slated to start at 3 a.m. Please refresh the page if you do not see a player above at that time.] Moderated by CNBC's Geoff Cutmore, top business leaders discuss at Davos, Switzerland, the impact the green transition, technological advances, demographics and reorganized value chains could have on labor markets. Joining CNBC is José María Álvarez-Pallete, chairman and CEO of Telefonica, Gilbert Fossoun Houngbo, director-general of the ILO, Martin J. Walsh, the Secretary of Labor for the U.S., Pamela Coke-Hamilton, executive director at the ITC, and Saadia Zahidi, managing director at the World Economic Forum. Subscribe to CNBC on YouTube.

☆ Investors piled a record $12.6 billion into wellness apps during the pandemic. Now they're starting to bet on startups tackling mental illnesses.
▼ + stars: | 2023-01-13 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +5 min

The COVID-19 pandemic created a wellness boom across Europe, with mindfulness apps growing rapidly. VCs pumped a record $771 million into European startups tackling mental illnesses in 2021, per Dealroom. But psychologists have been clear that they are not substitutes for clinically-approved treatments for mental health conditions. Now, there is a new wave of startups looking to move beyond wellness and tackle mental illnesses. "The scale of the problem of mental illnesses became evident after COVID-19," Joseph Zipfel, chief investment officer at SFC, told Insider.

☆ Conagra CFO Doesn’t See Need for Big Price Increases in Near Term
▼ + stars: | 2023-01-13 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +4 min

Photo: Conagra Brands“We won’t have any more significant price increases unless our cost, our inflation estimate, starts to go back up,” Mr. Marberger said. The reading comes amid moderating price increases after a peak of 9.1% in June. I never, ever remember that kind of a price increase,” Mr. Marberger said. “They are now turning the corner and from here are going to need less rapid price increases, unless some other price shocks occur.”Conagra’s sales volumes fell 8.4% for the quarter ended Nov. 27 as customers responded to the price increases, the company said. “And that plays well for us.”Overall, Conagra’s customers—which include retailers Walmart Inc. and Kroger Co. —have accepted the price increases, Mr. Marberger said.

☆ Mexico’s buck-toothed cartoon president ruled 'electoral violation'
▼ + stars: | 2023-01-12 | by ( ) www.nbcnews.com time to read: +2 min

MEXICO CITY — A buck-toothed cartoon version of Mexico’s president constitutes an “electoral violation,” the country’s electoral tribunal ruled Wednesday, arguing use of the popular caricature in official propaganda gave party candidates an unfair advantage. It argued “capitalizing on the image” of the president, whose approval rating hovers around 60%, gave his party’s candidates an undue advantage. The chamber called on “political-electoral propaganda campaigns” to limit themselves to candidates, their proposals, party ideology and platforms. Morena had earlier appealed, arguing there was no legal ban in force on using the caricature. “Now the (electoral tribunal) has confirmed the action was illegal and sanctioned them,” Jorge Alvarez, an opposition party organizer who filed the complaint, said in a tweet.

☆ Mexico's buck-toothed cartoon president ruled 'electoral violation'
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Carlos Jasso/File PhotoMEXICO CITY, Jan 11 (Reuters) - A buck-toothed cartoon version of Mexico's president constitutes an "electoral violation," the country's electoral tribunal ruled Wednesday, arguing use of the popular caricature in official propaganda gave party candidates an unfair advantage. The tribunal said it was sanctioning President Andres Manuel Lopez Obrador's ruling Morena party for "using the caricature of the President of the Republic in its propaganda, which violates the constitutional principles of neutrality and fair contest." It argued "capitalizing on the image" of the president, whose approval rating hovers around 60%, gave his party's candidates an undue advantage. The chamber called on "political-electoral propaganda campaigns" to limit themselves to candidates, their proposals, party ideology and platforms. "Now the (electoral tribunal) has confirmed the action was illegal and sanctioned them," Jorge Alvarez, an opposition party organizer who filed the complaint, said in a tweet.

☆ Messi headlines shortlist for FIFA Best Men's Player award
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +3 min

Messi, along with his Paris St Germain team mate Kylian Mbappe and Manchester City's Erling Haaland, were among the 14 players shortlisted for The Best FIFA Men's Player award, the world governing body said on Thursday. Real Madrid's Karim Benzema, who won the 2022 Ballon d'Or award, is also in the shortlist. Sarina Wiegman, who led England to last year's European Championship title, is joined on The Best FIFA Women's Coach shortlist by Chelsea's Emma Hayes and Germany manager Martina Voss-Tecklenburg. Liverpool's Alisson Becker, Real Madrid's Thibaut Courtois and Aston Villa's Martinez are among the nominees for The Best FIFA Men's Goalkeeper award. FIFA also announced an 11-player shortlist for this year's Puskas Award for the "most beautiful" goal of the year, with Mbappe's spectacular volley against Argentina in the World Cup final among the nominees.

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