Year: 2020

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Apollo Buyout Firm Explores Takeover of Gambling Firm William Hill

September 25, 2020 admin Comments Off on Apollo Buyout Firm Explores Takeover of Gambling Firm William Hill

(Bloomberg) — Apollo Global Management Inc. and Caesars Entertainment Inc. have approached U.K. gambling group William Hill Plc about a potential takeover.William Hill has received separate cash proposals from the two groups, it said in a statement Friday after Bloomberg News reported on the Apollo approach.Talks are ongoing and there is no certainty that a formal offer will be made, William Hill said. Shares of the bookmaker rose as much as 41% in London trading on Friday, hitting their highest level in more than two years and giving the company a market value of about 3.1 billion pounds ($3.9 billion).A …read more […]

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How to Build Financial Wealth

September 25, 2020 admin Comments Off on How to Build Financial Wealth

To acquire wealth, it is helpful to know what it is… and what it is not.
There are many sorts of wealth. This essay is about only one of them: financial wealth.
Financial wealth can easily be defined as net worth – the sum of one’s assets less the sum of one’s liabilities.
You’d think a concept so simple and straightforward would be easy to understand. But surprisingly few people do.
Years ago, at an investment conference, I asked the audience to volunteer definitions of financial wealth. About a half-dozen were proffered, none of which was net worth. The two most popular were …read more […]

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Europe regulator sees November lifting of Boeing 737 MAX flight ban

September 25, 2020 admin Comments Off on Europe regulator sees November lifting of Boeing 737 MAX flight ban

Boeing’s grounded 737 MAX could receive regulatory approval to resume flying in November and enter service by the end of the year, Europe’s chief aviation safety regulator said on Friday. “For the first time in a year and a half I can say there’s an end in sight to work on the MAX,” said Patrick Ky, executive director of the European Union Aviation Safety Agency (EASA). EASA expects to lift its technical ban “not long” after the U.S. Federal Aviation Administration (FAA), probably in November, but national operational clearances needed for individual airlines to resume flying in Europe …read more […]

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Boohoo review finds 'many failings' in Leicester supply chain

September 25, 2020 admin Comments Off on Boohoo review finds 'many failings' in Leicester supply chain

Boohoo commissioned the review, headed by senior lawyer Alison Levitt, in July after a damaging British media report about factory working conditions. “Ms Levitt is satisfied that Boohoo did not deliberately allow poor conditions and low pay to exist within its supply chain, it did not intentionally profit from them and its business model is not founded on exploiting workers in Leicester,” Boohoo said in a statement. …read more […]

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Nvidia Will Purchase Arm — Only If China Lets It

September 25, 2020 admin Comments Off on Nvidia Will Purchase Arm — Only If China Lets It

Nvidia Corporation’s (NASDAQ: NVDA) acquisition of British semiconductor company Arm Ltd. is already facing scrutiny in the latter’s home country, and the troubles could be even worse in China, CNBC reports.What Happened: While Nvidia is based in the U.S., and Arm in the United Kingdom, both companies have operations worldwide, including in the European Union and China.Nvidia agreed to a billion purchase agreement for Arm with its parent company — Softbank Group Corp (OTC: SFTBY) — but said the deal would need the approval of authorities in the U.S., the U.K., the E.U., and China.According to Sebastian Hou, the …read more […]

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Exclusive: AstraZeneca gets partial immunity in low-cost EU vaccine deal

September 25, 2020 admin Comments Off on Exclusive: AstraZeneca gets partial immunity in low-cost EU vaccine deal

European governments will pay claims above an agreed limit against AstraZeneca over side-effects from its potential COVID-19 vaccine, under different terms to a deal struck with Sanofi, an EU official told Reuters. AstraZeneca has secured the European Union’s backing in a confidential agreement which reflects the lower price sought by the British drugmaker, the official said. Unexpected side-effects after a drug has regulatory approval are rare, but the speed at which a COVID-19 vaccine is being pursued increases the risks of unforeseen conditions. …read more […]