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Search resuls for: "Weinberg"


11 mentions found


☆ FTX begins strategic review, seeks court relief to pay critical vendors
  + stars: | 2022-11-19 | by ( ) www.reuters.com   time to read: +2 min
Nov 19 (Reuters) - Collapsed crypto exchange FTX said on Saturday it has launched a strategic review of its global assets and is preparing for the sale or reorganisation of some businesses. FTX, along with about 101 affiliated firms, also sought court relief to allow the operation of a new global cash management system and payment to its critical vendors. FTX will explore sales, recapitalisations or other strategic transactions for some of its units, the company's new Chief Executive officer John Ray said in a statement. The exchange said that if it fails to receive the requested court relief, it will result in "immediate and irreparable harm" to its businesses. The company has appointed Perella Weinberg Partners LP as its lead investment bank to help with the sale process, subject to court approval.
☆ FTX launches strategic review, seeks court relief to pay critical vendors
  + stars: | 2022-11-19 | by ( ) www.cnbc.com   time to read: +2 min
Bahamas-based crypto exchange FTX filed for bankruptcy in the U.S. on Nov. 11, 2022, seeking court protection as it looks for a way to return money to users. Collapsed crypto exchange FTX said on Saturday it has launched a strategic review of its global assets and is preparing for the sale or reorganisation of some businesses. FTX, along with about 101 affiliated firms, also sought court relief to allow the operation of a new global cash management system and payment to its critical vendors. The exchange said that if it fails to receive the requested court relief, it will result in "immediate and irreparable harm" to its businesses. The company has appointed Perella Weinberg Partners LP as its lead investment bank to help with the sale process, subject to court approval.
☆ Estee Lauder to buy fashion label Tom Ford in $2.8 billion deal
  + stars: | 2022-11-15 | by ( ) www.reuters.com   time to read: +2 min
Nov 15 (Reuters) - Estee Lauder Cos Inc (EL.N) said on Tuesday it agreed to buy U.S. fashion label Tom Ford for $2.8 billion, its biggest deal yet, adding a line of beauty products and apparel to the Clinique brand owner's portfolio. While Estee Lauder already sells Tom Ford beauty products and fragrances, the deal has raised some eyebrows on Wall Street. (https://reut.rs/3tqhWrK)As of Tuesday's close, Estee's stock fell 17% since the deal talks with Tom Ford were reported by the media in August. Tom Ford had entered into exclusive negotiations with Estee Lauder last week, beating competing bids from companies including Gucci owner Kering SA (PRTP.PA), the Financial Times reported on Friday. Chief Executive Officer Tom Ford will continue to serve as the brand's creative visionary.
☆ Tyson Foods CFO Arrest Adds to Governance Challenges for Board
  + stars: | 2022-11-08 | by ( Jennifer Williams-Alvarez | ) www.wsj.com   time to read: +6 min
Photo: Michael Conroy/Associated PressThe Tyson family had nearly 71% of the total voting rights in the meat giant as of December 2021, according to a securities filing. It didn’t immediately respond to a request for comment on whether Mr. Tyson would make his debut to analysts and investors by taking part in the earnings call. As CFO, Mr. Tyson has an annual base salary of $650,000, according to a regulatory filing. Tyson Foods CFO John R. Tyson was arrested on public intoxication and trespassing allegations. Photo: Associated PressThe Fayetteville Police Department’s report said that the woman didn’t know Mr. Tyson and that she thought he came in through an unlocked door.
☆ How to Use ETFs to Create a Fixed-Income Portfolio
  + stars: | 2022-11-06 | by ( Ari I. Weinberg | ) www.wsj.com   time to read: 1 min
Portfolios that use bond funds for their fixed-income allocations might need an adjustment to survive a rocky market. Surging inflation and corresponding interest-rate increases have left many fixed-income portfolios in shambles this year. Core bond funds, typically the bedrock of a multiasset portfolio, are down 15% to 20%. “It’s very clear that the rate environment in the next 10 years won’t look like the last 10,” says Leland Clemons , founder of ETF issuer BondBloxx Investment Management.
☆ Elon Musk biographer Walter Isaacson on looming Twitter layoffs and potential user fees
  + stars: | 2022-10-31 | 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 EmailElon Musk biographer Walter Isaacson on looming Twitter layoffs and potential user feesElon Musk biographer Walter Isaacson, history professor at Tulane University and advisory partner at Perella Weinberg Partners, joins CNBC's 'Squawk Box' to discuss his conversations with Musk over the weekend as he moves to reorganize Twitter.
☆ ‘Scrubs’ producer Eric Weinberg pleads not guilty to sexual assault and is denied bail
  + stars: | 2022-10-26 | by ( The Associated Press | ) www.nbcnews.com   time to read: +1 min
LOS ANGELES — Eric Weinberg, executive producer for the hit TV show “Scrubs,” was denied bail on Tuesday after pleading not guilty to sexually assaulting five women whom prosecutors said he lured to photo shoots. Weinberg entered not guilty pleas during the arraignment Tuesday, and his lawyers argued for his release pending the next court appearance. Superior Court Judge Victoria B. Wilson agreed and denied bail while ordering Weinberg held in custody until he returns to court Nov. 15. LAPD Detective Ryan Lamar said this month that investigators were looking into information received from a tip line regarding other possible assaults by Weinberg. Weinberg was co-executive producer on nearly 100 episodes of the hospital dramedy “Scrubs” between 2000 and 2006 and also wrote nearly a dozen episodes, according to the IMDB website.
☆ If Credit Suisse loves its bankers, set them free
  + stars: | 2022-10-21 | by ( Liam Proud | ) www.reuters.com   time to read: +6 min
LONDON, Oct 21 (Reuters Breakingviews) - Credit Suisse (CSGN.S) is a weak bank with some strong bankers. SECOND COMINGImagine, then, that Credit Suisse spins out its advisory and capital-markets business. But Credit Suisse has never quantified the business it wins from intragroup referrals, which suggests it is low. In this case, it will be higher if those people are no longer at Credit Suisse. First Boston was a U.S. investment bank in which Credit Suisse first bought a stake in 1978.
☆ UK's Hargreaves hit by lawsuit over Woodford fund failure
  + stars: | 2022-10-16 | by ( Kirstin Ridley Carolyn Cohn | Kirstin Ridley | Carolyn Cohn | ) www.reuters.com   time to read: +3 min
RGL is also suing Link Fund Solutions (LFS), the fund's authorised corporate director, and said its claim could top 100 million pounds ($112 million). Hargreaves declined to comment and LFS did not immediately respond to a request for comment over the weekend. But it said last month it could fine LFS 50 million pounds and order a 306 million pound redress scheme over its management of the fund. Law firms Leigh Day and Harcus Parker have each already filed claims against LFS on behalf of around 13,000 and 7,000 investors respectively. They have expressed hope that they would be appointed joint claims managers at a December court hearing.
☆ Credit Suisse bankers are preparing for 'Uli the Knife' to carve up the investment bank.
  + stars: | 2022-09-26 | by ( Aaron Weinman | ) www.businessinsider.com   time to read: +5 min
It's a tense time for many insiders at Credit Suisse. One person told me it's a case of "rinse and repeat," as Credit Suisse undergoes its second strategic review in less than a year. Law firm sued Credit Suisse over claims it misled investors on business dealings related to Russian oligarchs. Among the plans reported to be under consideration are a three-way split of the investment bank, according to the Financial Times. Under Chief Executive Ulrich Körner, Credit Suisse wants to transform its investment bank into a "capital-light, advisory-led banking business."
☆ Market rout has muni bonds looking attractive. How to add them to your portfolio
  + stars: | 2022-09-25 | by ( Michelle Fox | ) www.cnbc.com   time to read: +7 min
"Uncertainty around how high interest rates will go has driven redemptions in muni bond funds," he explained. Whenever we have a chance to add to muni bonds now, we do so." For instance, you can go to Fidelity Investments' website and access more than 50,000 municipal bonds as new issues or through dealers on the secondary market. Here are five Morningstar five-star rated muni bond funds. "Many closed-end bond funds are trading at prices that are below their net asset value," he said.
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