Misery loves company and after facing steep stock price declines of more than 50% each, activist investor Carl Icahn and JetBlue might need each other right now. Icahn Enterprises disclosed a 9.9% ownership stake in airline JetBlue today, Icahn’s first foray back onto the dance floor after promising that the firm would “stick to our […]
The Year of the Dragon is under way, and the mythical, fire-breathing creature is everywhere to be seen. In fact, images of the legendary beast are more ubiquitous than any of its fellow zodiac animals are when their turn comes round on the Chinese calendar. In particular, lai see envelopes – red paper packets filled […]
The Verkhovna Rada (Ukraine’s Parliament) Committee on Economic Development recommended that the Verkhovna Rada pass Bill No. 5593-d, which improves corporate governance in state-owned enterprises, in its second reading and in general. Source: The corresponding decision was made by members of the relevant committee at a meeting on 5 February, as reported by the press […]
When Amazon called off its acquisition of iRobot on Monday, the impact was immediate: The Roomba maker’s longtime cofounder and CEO stepped aside and hundreds of staffers were laid off. But, coming on the heels of Adobe’s abandoned $20 billion Figma buyout last year in the face of regulatory pushback, a longer-term and more unsettling […]
For investors looking for a supercharged yield, business development companies (BDCs) are a great choice. A BDC funds a series of smaller, often private companies and must pay at least 90% of any income earned to investors, similar to a real estate investment trust, or REIT. X FS KKR Capital (FSK) — one of the […]
For the commercial real estate market in Westchester County, 2023 was a mixed bag. Heath care facilities continued to expand. Multifamily housing seemed to rise by the day. Demand for industrial properties remained high. Office buildings, though, remained in crisis, exacerbated by the growth of remote work. But some changes may be coming in 2024. […]
An employee at the cloud-security firm Cloudflare shared a TikTok appearing to show her being fired. `People are praising her online for maintaining composure and defending herself. The video has sparked a workplace-etiquette debate, with Cloudflare’s CEO even weighing in. A corporate employee is going viral after she recorded and posted a TikTok video appearing […]
Jan. 6—Editor’s note: The following is the second of three articles going over Jasper County lawmakers’ priorities for the 2024 legislative session. Although Iowa Sen. Ken Rozenboom is chair of the education committee, it is actually his work on the agricultural and natural resources committees that is driving his personal list of priorities for the […]
(Bloomberg) — Colombia President Gustavo Petro has proposed lowering the country’s corporate tax rate and increasing income taxes for its highest earners. Most Read from Bloomberg The move, which he has not yet detailed, would allow companies to grow and make the tax system more just, he said in a post on X on Saturday. […]
Federal Reserve Chairman Jerome PowellKevin Dietsch/Getty Images Despite the likely end of Fed rate hikes, corporate defaults will rise next year, Fitch Ratings says. The central bank will lower interest rates by 75 basis points, the rating agency predicts. Meanwhile, slower economic growth will push high-yield bond defaults to 5.0%-5.5%. Corporate defaults will rise next […]
PISCATAWAY – A proposal to build 1,101 residential units and 109,000 square feet of commercial space on a former corporate campus on Hoes Lane is scheduled to be heard by the township Planning Board next month. M&M at Hoes Lane Phase II is proposing 717 multi-family homes, 364 row and stacked townhouses and 21 single […]
A strong majority of respondents believe corporate America is in the midst of a “leadership crisis” and that older business leaders “refuse to pass the torch to the next wave,” according to a U.S. News – Harris Poll survey released Tuesday which has revealed a negative assessment of American leadership almost across the board. A […]