Posts by Liam Redmond
Peak number of private equity firms seen running zombie risk
A RECORD number of private equity firms will turn into so-called zombie funds this year, as they struggle to reel in new investor cash, according to Ian Charles, co-founder and managing partner at Arctos Partners. “The fundraising environment is so challenging,” Charles said in an interview with Bloomberg TV on Thursday (Sep 11), adding that…
Read MoreSingPost launches new retail postal service to US in response to import rule changes
The service offers two flat-rate packaging options, with upfront calculation of duties and taxes [SINGAPORE] Singapore Post (SingPost) will from Monday (Sep 15) launch a new postal service to the United States for retail customers, designed in “direct response” to recent changes in US import regulations. The new Speedpost Direct International (Retail) service builds on…
Read MoreKingsmen Creatives chair and deputy chair build stakes
During the five sessions from Sep 5 to 11, 15 primary-listed companies made share buybacks with a total consideration of S$43 million [SINGAPORE] Over the five trading sessions from Sep 5 to 11, institutions were net buyers of Singapore stocks, with net institutional inflow of S$11.1 million, adding to the S$42 million in net institutional…
Read MoreCody Bellinger’s all-around game shines for Yankees in another big moment
BOSTON — Cody Bellinger is the Yankees man for all jobs. A few weeks back, I described him as the team’s Swiss Army genius. Whatever you need, he has the tools to help. He not only handles all three outfield spots and first base with aplomb, but he basically has told Aaron Boone just to…
Read MoreHedge funds slash bullish oil bets to lowest ever amid Opec hike
[NEW YORK] Hedge funds chopped their bullish position on US crude to the lowest on record as the Opec+ alliance’s latest decision to boost production compounded already-gloomy forecasts that the world is heading towards an oil surplus this year. Money managers cut their net-long stance on West Texas Intermediate by 14,630 lots to 12,657 lots…
Read MoreTicket reseller StubHub’s IPO 20 times oversubscribed, source says
[BENGALURU] Ticket reseller StubHub, which delayed its US listing in April amid market volatility, has drawn over 20 times as many orders for its planned initial public offering (IPO) as there are available shares, a source familiar with the matter said on Friday (Sep 12). The outsized demand for the IPO, which is set to…
Read MoreDave Portnoy’s ‘One Bite’ pizza party draws an estimated 10K hungry revelers to Randall’s Island
Pizza lovers took a bite out of the Big Apple. Thousands of food fanatics gathered Saturday to sample pies from Dave Portnoy’s favorite pizza joints around the world — with some fans driving hours to attend the Barstool Sports founder’s third annual assemblage of gourmands. The One Bite Pizza Fest, dubbed “the world’s greatest gathering…
Read MoreQueasy listening: These music genres can reduce motion sickness by up to 57%
Music might soothe your soul — but could it also stop you from hurling on the highway? A new study suggests that the right tunes might help fight off motion sickness, while others could leave you queasy, sweaty and reaching for a barf bag. That’s no small thing: about 1 in 3 Americans are highly…
Read MoreWhy The National Anthem Still Matters Today
Recently, I found myself reflecting on the opening lines of our national anthem. “Oh, say can you see by the dawn’s early light, what so proudly we hailed at the twilight’s last gleaming.” These words, written over 200 years ago, still resonate with me in profound ways. As an entrepreneur who has built and sold…
Read MoreCharlie Kirk’s widow, Erika, weeps over his casket in emotional photos: ‘You have no idea’
Charlie Kirk’s grieving widow shared a series of pictures of herself weeping over her slain husband’s casket in her first social media post since the conservative commentator was assassinated. Erika Kirk, 36, can be heard repeatedly whispering “I love you” as she kisses Kirk’s hand for the final time. Erika Kirk grieving at her husband’s…
Read MoreDear Abby: Should you tolerate your partner flirting with a stranger?
DEAR ABBY: I have read letters in your column from women whose boyfriends or husbands flirt with other women in their presence complaining about feeling hurt and embarrassment. I was married for 25 years to a man who flirted with other women while we were dating and also after we were married. I told him…
Read MoreOpenAI to share 8% of its revenue with Microsoft, partners, The Information reports
[BENGALURU] OpenAI has projected that by the end of the decade it will be sharing about 8 per cent of its revenue with commercial partners, namely Microsoft, down from the current 20 per cent, The Information reported on Friday (Sep 12). The difference between those figures adds up to more than US$50 billion in additional…
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