Adviser and D2C platform Alliance Trust Savings has been sold by parent Alliance Trust to Interactive Investor (ii) for PS40m, to create a combined platform with PS35bn AUA.
Cox Automotive plans to cut more jobs as the company restructures its priorities in a shifting industry landscape. : Cox Automotive plans to cut more jobs as the company restructures its priorities in a shifting industry landscape. The new layoffs, after a round last year, come as Cox digests several acquisitions made over the past decade. The company is also reorganizing business units to improve efficiencies and pursue new markets, such as ride-hailing. Cox Automotive, a unit of Cox Enterprises of Atlanta, employs more than 34,000. It includes Autotrader, Kelley Blue Book, Dealertrack, Manheim, NextGear Capital, vAuto and Xtime.
The Billion Dollar Fund for Women hopes to spark a conversation among larger funds including institutional investors, pension funds and family offices to look at investing in women-led businesses. The post Gender funding gap not pipeline but a capital access problem, says TBDF's Sarah Chen appeared first on DealStreetAsia.
Marqeta, a U.S. financial technology startup that helps young companies including digital-only banks issue payment cards, has expanded into Europe, the company said on Sunday.
A lifer within the Pritzker organization, Mr. Hoplamazian reorganized the family business during an acrimonious feud, then took over the hotel chain. Mark Hoplamazian, the chief executive of Hyatt Hotels, has worked for one family for the bulk of his professional career. He attended Harvard College and got his M.B.A. at the University of Chicago. After short stints at First Boston and the Boston Consulting Group, he joined the Pritzker family's sprawling business empire in 1989.
In a Twitter post, Mo Dewji Foundation quoted Dewji thanking "the authorities of Tanzania, including the police force for working for my safe return."
A decade after the financial crisis, General Motors is led by the best management team it's ever had and one of the best C-suites in all of business. CEO Mary Barra, president Dan Ammann, and executive vice-president Mark Reuss have overseen the birth of a New GM that's moving aggressively to define the future of transportation. The turnaround has been impressive, as GM has racked up billions of profits and is preparing to launch 20 new electrified vehicles by 2023. Before its 2009 bankruptcy, GM was known for internal conflict, but the company is now a model of cooperation.
Investors should keep their eyes on these three spinoffs. : There's always something new happening in the world of spinoffs. A new company is being born or there's a new SEC filing or a new investor presentation. Whatever's going on, you have to keep up with it. Spinoffs are interesting because they've provided great returns for many years, and it's a good place to search for undervalued companies. Not only are spinoffs an attractive place to search for profits, but their parent companies could be nicely priced coming out of a transaction.