Veteran aerospace executive arrives as manufacturer faces battles over labour and safety
Plus, Ares raises a record private credit fund and Rio Tinto stays out of the mining dealmaking frenzy
Blonde ambition
Abraham Shafi allegedly hoodwinked backers and spent millions of dollars on personal expenses
Decision follows vastly lowered target and delay in pricing
Takeover by the US’s only publicly traded accountancy creates a twist in the profession’s wave of consolidation
Chipmaking stocks become increasingly sensitive to investment plans of a handful of Big Tech groups
Former Rockwell Collins head will replace Dave Calhoun at the crisis-hit aircraft maker
🤷♂️🤷♂️🤷♂️🤷♂️🤷♂️
Atlanta-based carrier faces US government investigation over its handling of disruption
Let’s lyft drivers out of compensation darkness
Outside backers left wondering what to do with overpriced minority piece in illiquid manager
Investors pile into private credit, with HPS and Goldman Sachs among those to have raised blockbuster funds
The software and cloud giant and AMD tell similar story of pent-up demand
And Chinese stimulus
Chipmaker has lost about $750bn in market value over the past six weeks
When concerns about high prices prompted shoppers to look around, many liked what they saw
Rob Kapito in line for at least $20mn in retirement incentives beyond annual pay and company stock
Shares fall as Big Tech company says it will continue to pour billions of dollars into AI spending
Results add to pressure on managers dealing with activist Elliott and scrutiny from former chief executive
Investment groups are alarmed by efforts to curb their influence on governance and strategy at American lenders
Figure is fraction of the $25bn initially targeted by billionaire hedge fund manager
Plus, Carlyle sticks with its oil and gas investments, and BlackRock’s Larry Fink takes his time finding a successor
Mid-tier outfits under increasing pressure to overhaul networks as more clients want international services
Laxman Narasimhan faces criticism from coffee chain’s former boss Howard Schultz and activist investor Elliott
