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Multi-manager tells 150 employees, mostly in non-investment roles, they are losing their jobs
Shareholder vote on $720mn buyout includes special payouts to founder Daniel Och
UK chocolatier’s founders to get payday of about £280mn after difficult year marked by waning demand
China’s president projects friendly tone but analysts say increasing scrutiny has rattled foreign groups
If there is no recession, bank stocks are too cheap
Companies argue that their services should not come under the purview of new law designed to improve competition
Plus, a star City trader enters the next phase of his career and ValueAct becomes the latest activist to storm Disney
Private equity firm raises funds through collateralised loan obligation secured by its portfolio
The 75-year-old owner has no intention of retiring but has emphasised the firm’s transition to shared leadership
The standalone business has yet to prove itself roadworthy
State’s lawsuit demands drinks maker reduce quantity of waste and pay for environmental damage
Target reports declining sales but shares surge 17% as investors focus on earnings
Trevor Milton is set to be sentenced on November 28
Wall Street is pushing media groups to curb profligate spending and focus on streaming profits
Staying on the sidelines is lucrative enough with risk-free rates at about 5%
PCAOB imposes total penalties nearing $12mn against PwC, Deloitte, KPMG and others
Accountancy firms to join up in America in latest sign of industry consolidation
New processors designed for OpenAI’s GPT models will be deployed in its Azure data centres next year
Founders of Gen Z app IRL allege Japanese group spread damaging lies about company
Arrangement created with broking giant Marsh McLennan will provide affordable cover for Black Sea vessels
Plus, the €1bn beauty deal that went ugly and buyout funds hunt for start-up bargains
As the new chair completes his takeover, he must contend with unresolved claims hanging over the media company
James Bayliss is the latest veteran to leave the firm’s main European office
If the agency tolerated alleged sexual harassment and loutish boozing in house, no wonder it has struggled to control the bankers
Can Citigroup pull off its grand restructuring?
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