UBS reportedly offers to buy Credit Suisse for up to $1 billion
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UBS CEO Ermotti to Steer Credit Suisse Integration
UBS said said Sergio Ermotti is set to stay as chief executive officer to see through the integration of Credit Suisse, and sought to address concerns about its size and potential needs for tighter regulation.The Wall Street Journal - World -
UBS makes Ermotti best-paid European bank boss
Swiss lender awards returning chief executive $15.9mn for steering integration of Credit SuisseFinancial Times - Business -
Over $1 billion Mega Millions jackpot up for grabs
Numbers will be drawn Tuesday night for the Mega Millions lottery, with an estimated jackpot of over $1 billion at stake.CBS News - Top stories - Lottery -
Wegovy maker Novo Nordisk struck a deal to buy heart-disease-therapeutics developer Cardior Pharmaceuticals for up to the equivalent of $1.11 billion.
Wegovy maker Novo Nordisk struck a deal to buy heart-disease-therapeutics developer Cardior Pharmaceuticals for up to the equivalent of $1.11 billion.The Wall Street Journal - World -
Apollo reportedly makes $11-billion bid for Paramount film and TV studio
Private equity firm Apollo Global Management reportedly has made an $11-billion bid for Paramount Global's film and TV studio operations but not its linear networks.Los Angeles Times - Entertainment -
Jordan Montgomery reportedly agrees to 1-year, $25 million deal with Diamondbacks
Jordan Montgomery is changing sides from the 2023 World Series.Yahoo Sports - Sports -
Vista Outdoor’s stock rises on boosted $3 billion acquisition offer
MNC ups its take-private price to $37.50 a share from $35 a share.MarketWatch - Business -
I.R.S. Stepping Up Efforts to Squash Fraud in Tax Credit Program
The Employee Retention Tax Credit continues to be ripe for abuse as Congress mulls shutting the program down.The New York Times - Business -
UBS sends a wake-up call to take profits on an outperforming stock. We're heeding it
We had not taken profits in this outperforming stock since last summer. A Wall Street downgrade Wednesday served as a wake-up call to do so.CNBC - Business -
Trump's net worth reportedly soars to $6.5 billion after media company stock jumps
Trump's social media company completed a merger, and a NY appeals court lowered the amount of cash he needs to pause a $454 million civil fraud penalty.CNBC - Business - Donald Trump -
DWAC’s stock surge gives a $1 billion boost to the value of Trump’s stake
The Digital World blank-check company has officially changed its name to Trump Media & Technology Group. It begins trading Tuesday with the former president’s initials as its ticker symbol.MarketWatch - Business -
Accenture’s $1 billion LearnVantage platform tackles the growing AI skills gap
Accenture's $1 billion investment in LearnVantage, an AI-powered learning platform, aims to bridge the growing skills gap and help businesses upskill their workforces to capitalize on emerging technologies like generative AI, cloud computing, and ...VentureBeat - Tech -
Walgreens to cut costs by $1 billion this year, with layoffs and store updates
Walgreens’ stock seesawed around the flatline Thursday, after the drugstore chain swung to a large quarterly net loss and trimmed its full-year outlook, but also reported the biggest beat for quarterly adjusted profit in at least five years.MarketWatch - Business -
U.S. Consumer Watchdog Turns Focus to Credit Card Rewards, Buy-Now-Pay-Later Companies
The Consumer Financial Protection Bureau, acting on increased complaints, will examine rewards market and deferred payment programs.Inc. - Business -
Adam Neumann reportedly bids to buy back WeWork for more than $500 million
WeWork Inc.’s co-founder and former chief executive Adam Neumann has submitted a bid to buy the bankrupt company for more than $500 million, the Wall Street Journal reported late Monday.MarketWatch - Business -
Home Depot Buys Roofing Distributor in $18 Billion Deal
The retailer said it would acquire SRS Distribution in a deal with a value of $18.25 billion, which includes assumed debt.The Wall Street Journal - World -
Hunter Point Collects $3.3 Billion to Buy Stakes in Private Capital Firms
The firm founded by private-equity veterans Bennett Goodman and Avi Kalichstein has raised one of the largest first-time funds dedicated to acquiring stakes in private-fund managers.The Wall Street Journal - World -
Nearly $2 billion up for grabs as Mega Millions and Powerball jackpots soar
The stars have aligned in the lottery universe like never before, with two jackpots totaling nearly $2 billionABC News - Top stories -
It’s time to buy the next leg of the AI story. Think global, says Citi, offering these stock picks.
Citigroup analysts are greenlighting the next round of AI stock buying, but say look beyond U.S. shores.MarketWatch - Business -
EV maker Lucid rallies after $1 billion investment by majority stockholder as it burns cash
Affiliate of Saudi sovereign wealth fund will buy $1 billion of a new series of convertible preferred stock via private placement.MarketWatch - Business -
Following Baldur's Gate 3, WotC And Hasbro Are Investing $1 Billion In Their AAA Game Ecosystem
Hasbro and Wizards of the Coast want a bigger piece of the gaming industry's pie, especially after the huge success of Larian Studios' Baldur's Gate 3. To that end, both companies are investing nearly one billion dollars into their shared gaming ...GameSpot - Tech -
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UBS to sell $8bn of loans to Apollo
Deal follows move by Swiss bank to renegotiate terms of original sale of a business owned by Credit SuisseFinancial Times - Business -
WSL: Arsenal come from behind to beat Aston Villa 3-1 - reaction
Follow live text updates and BBC radio commentary from Sunday's five Women's Super League games.BBC News - Top stories - Premier League -
A former NFL GM fills out a mock draft ... with a twist: Projecting a trade that shakes up Round 1
Mike Tannenbaum puts his GM hat back on and makes his own selections for each team in the first round of the 2024 draft.ESPN - Sports - NFL -
WeWork co-founder and former CEO Adam Neumann recently offered to buy the bankrupt co-working company for more than $500 million, people with knowledge of the matter said.
WeWork co-founder and former CEO Adam Neumann recently offered to buy the bankrupt co-working company for more than $500 million, people with knowledge of the matter said.The Wall Street Journal - World -
UBS, Apollo Complete Securitization Unit Deal
UBS and Apollo Global Management have finalized a deal to offload Credit Suisse’s former securitized products business, as the Swiss bank continues its integration after the takeover.The Wall Street Journal - Business -
UBS Pays CEO Sergio Ermotti $15.6 Million
The bank hailed his “excellent performance in a defining year” for Switzerland’s largest bank by assets. Ermotti was recruited last April to serve as CEO for a second time.The Wall Street Journal - World -
NFL Draft rumors: Team execs think Commanders may take J.J. McCarthy No. 2; how move would shake up Round 1
Are we in for a surprise at No. 2 overall?CBS Sports - Sports - NFL -
How to consolidate credit card debt
Debt consolidation can help you pay off your credit cards faster. Learn more about consolidating your debt here.CBS News - Top stories -
Steelers reportedly will sign Cordarrelle Patterson
The Steelers continue to show Jerry Jones what "all-in" means.Yahoo Sports - Sports - NFL -
UBS Pays CEO Sergio Ermotti $15.6 Million for Answering 'Call of Duty'
UBS gave Chief Executive Sergio Ermotti a $13.6 million bonus, hailing his “excellent performance in a defining year” for Switzerland’s largest bank by assets.The Wall Street Journal - World -
Consumer Credit Lender CURO Files for Bankruptcy Under Heavy Debt Load
Company expects to reduce its debt by roughly $1 billion and save $75 million in annual cash interest payments through restructuring.The Wall Street Journal - World -
The Fallout From the Credit Card Swipe Fee Fight
A proposed settlement between Visa and Mastercard and merchants on swipe fees promises savings, but it may also alter the economics of premium credit cards.The New York Times - Business -
Eagles signing QB with ties to Kellen Moore
The Eagles are reportedly signing quarterback Will Grier, who has ties to OC Kellen Moore.Yahoo Sports - Sports - NFL -
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Should you use a personal loan to pay off credit card debt?
Want to pay off high-interest credit card debt with a personal loan? Find out if that plan makes sense here.CBS News - Top stories -
Visa, Mastercard agree to lower credit-card fees in landmark merchant settlement
Visa and Mastercard agreed to lower and cap credit-card interchange rates as part of a landmark settlement with U.S. merchants.MarketWatch - Business -
How the Visa-Mastercard swipe-fee settlement could affect your credit-card rewards
The landmark agreement will limit the fees that businesses pay to accept credit cards — but customers aren’t likely to see savings.MarketWatch - Business -
Robinhood’s stock jumps after company launches first credit card
The Robinhood Gold Card is aimed at Robinhood Gold members — a subscription product offering premium services for a fee — and has no annual fee or transaction fees, but comes with a 3% cash back on all categories.MarketWatch - Business