KKR announced the acquisition of British advertising and public relations giant WPP's entire equity position in FGS Global, valuing the communications and public relations consultancy at $1.7 billion. KKR's string of strategic acquisitions This move, which builds on KKR's initial minority investment made in July 2023, will see KKR become the majority shareholder of FGS […]

KKR shakes up PR sector with $1.7bn FGS Global acquisition

The Independent

WPP has agreed to sell its stake in FGS Global for around 775 million US dollars (£610 million), as the advertising giant continues its drive to cut costs and automate its work.Its 50% stake in the communications agency will be sold to investment firm KKR.The deal values FGS, which provides public affairs and media advice to large corporates, at about 1.7 billion US dollars (£1.3 billion)..@WPP  to sell its majority stake in @fgs_global 👉 https://t.co/jiX3f6R5Lj pic.twitter.com/ngTGevBtjY— WPP (@WPP) August 7, 2024WPP chief executive Mark Read said the sale is an “excellent outcome” for the firm and that it has...

Ad giant WPP sells stake in FGS for £610m as cost-cutting drive continues

A final offer has been made to buy the UK’s largest investment platform. A group of private equity investors have tabled a £5.4bn offer, which the board of Hargreaves Lansdown has recommended to shareholders. The consortium consists of CVC, Nordic Capital and Platinum Ivy, which is owned by...

Final offer of £5.4bn for Hargreaves Lansdown takeover

New Goldman Sachs ETF targets high monthly income through preferred stocks and hybrid securities. Goldman Sachs Asset Management has introduced a new preferred stock ETF — its fifth fund for 2024. The Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (GPRF) began trading on August 8, according to a company press release.

Goldman Sachs Launches Preferred Stock ETF For High Income

Melbourne, FL

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Akeena

A Burger King location in Melbourne, Florida, has been temporarily shut down for the third time following since 2023 after a recent state inspection that identified multiple health violations. This incident underscores ongoing concerns regarding the restaurant's adherence to health and safety standards.

A dead lizard, dead roaches, rodent droppings - Florida fast food restaurant closed again

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

North Carolina State

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Roxboro, NC

Town Talks

According to Travel alot, Roxboro, North Carolina, holds the unfortunate title of the most miserable city in the state. Several factors contribute to this designation, including high poverty rates, low median household income, and high crime rates.

North Carolina City Named The 'Most Miserable' In The State

24/7 Wall St.

Outside of NVIDIA’s (NASDAQ: NVDA) recent share price going stratospheric, Amazon (NASDAQ: AMZN) has been a Wall Street darling since the company IPO’d in May 1997 at a split adjusted price of $.07. Today, Amazon stock trades for $166.60, which means that stock is up over 170596.72% since May 1997, turning every $1000 invested into […]
The post Amazon Stock (AMZN) Price Prediction and Forecast 2025-2030 appeared first on 24/7 Wall St..

Amazon Stock (AMZN) Price Prediction and Forecast 2025-2030

(Reuters) — Intel was sued Wednesday by shareholders who said the Silicon Valley chipmaker fraudulently concealed problems that led it to post weak results, slash jobs and suspend its dividend, and caused its market value to sink more than $32 billion in a single day. The proposed class action...

Shareholders sue Intel after job, dividend cuts cause stock plunge

Florida State

Who would have thought that a chain known for its endless shrimp promotion could find itself in such a pickle? But here we are—Florida-based Red Lobster, which has been reeling from financial troubles, may have finally found a lifeline. After a surprising $11 million loss in the third quarter of 2023 due to that very shrimp deal, Red Lobster filed for bankruptcy in May 2024. And now, there’s a glimmer of hope on the horizon.

A Florida based chain that filed for bankruptcy has reportedly found a potential buyer

Insider

The supplier of Logan Paul's Prime energy drinks is suing the beverage company for $68 million, accusing it of breaching a contract when sales cratered.

Logan Paul's Prime supplier is suing the energy-drink company for $68 million, accusing it of cutting ties as demand cratered

The musician and mogul's firm Marcy Venture Partners may be undergoing a merger with Pendulum Holdings, a firm co-founded by Barack Obama's former financial advisor. Jay-z is reportedly making major waves in the venture capital space. The music legend and mogul’s venture capital firm, Marcy Venture Partner may be laying...

Jay-Z's Venture Capital Firm Is Reportedly Laying Plans To Deploy A Merger That Could Be Valued At $1B

Bank of America, Citigroup and Goldman Sachs are reporting $4.139 billion in losses as lenders write off mounting debts that customers can’t honor. In its latest earnings report, Citigroup says its net credit losses, which are debts that the firm does not expect to collect, hit $2.28 billion in Q2 of this year.

Bank of America, Citigroup and Goldman Sachs Report $4,139,000,000 in Losses As US Lenders Witness Major Spike in Unrecoverable Debt

Denver, CO

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David Heitz

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

Colorado State

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

Homestead, FL

If you’re a fan of Florida’s rich agricultural heritage, here’s some news that might catch your eye. Homestead’s Alger Farms, a name synonymous with fresh produce and quality landscape materials, has just sold a hefty chunk of their land. Nearly 900 acres have been sold for a staggering $121 million. Here’s the scoop on what’s happening with this land and what it means for the area.

Florida Farm Sold for $121 Million; 1,170 New Homes Planned

As if they needed it, Palantir (PLTR) announced this morning that the company has expanded their relationship with another AI leading company. The company announced an expansion of the existing partnership with Microsoft to bring some of the most sophisticated and secure cloud, AI, and analytics capabilities to the U.S. Defense and Intelligence Community.

Three Stocks: Palantir, Eli Lilly, and Lumen Technologies

Miami, FL

Miami Beach, FL

It’s the end of an era for Miami Beach as the beloved Shuckers Waterfront Bar & Grill, known for its laid-back vibes and stunning bay views, is set to close its doors by the end of 2024. The iconic eatery, which has been a staple on North Bay Village for 30 years, will make way for a new upscale hotel and dining experience, leaving many long-time patrons feeling disheartened.

Florida waterfront bar replaced by upscale hotel; locals complain

JPMorgan Chase has introduced a new artificial intelligence assistant to help its employees with daily tasks, including drafting emails and reports. The largest U.S. bank by assets developed the portal, known as LLM Suite, that allows users to access large language models (LLM), CNBC reported citing people with knowledge of the plans. The software was launched with a model from OpenAI, the company behind AI chatbot ChatGPT.

JPMorgan Chase staff are getting a new AI assistant — powered by OpenAI

NewsBreak

EQT acquiring majority stake in cybersecurity firm Acronis via EQT X

EQT announced a deal to acquire a majority stake in Acronis, a Switzerland-based cybersecurity and data protection platform catering to managed service providers. Acronis: Fast growth...

EQT acquiring majority stake in cybersecurity firm Acronis via EQT X

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