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Wall Street’s top brass spent months grousing about how they were struggling in the war for talent before doling out the biggest bonuses in years. Goldman Sachs Group Inc just lost another top dealmaker to private equity, with Jennifer Davis moving to Bain Capital. Now, fresh data on pay at big private-equity firms appear to justify the banks’ complaints ...
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February, 2022
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16 February
Myanmar’s junta is under pressure now
Myanmar’s junta is under pressure in a way it hasn’t been in decades. Challenging its military might are armed civilian groups known as the People’s Defense Force — a grassroots insurgency made up of citizens including farmers, doctors, teachers, home-makers and engineers — all determined to overthrow the generals who took control of the country in a coup just ...
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16 February
Boeing 787 faces closer FAA scrutiny for quality checks
Bloomberg Boeing Co’s 787 Dreamliner suffered a new blow as US regulators said they would step up inspections of each jet before delivery. The Federal Aviation Administration (FAA) said in an emailed statement that it is taking the action to “allow the agency to confirm the effectiveness of measures Boeing has undertaken to improve the 787 manufacturing process.†Since ...
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16 February
JetBlue orders 30 more Airbus A220-300 planes
Bloomberg JetBlue Airways Corp is buying 30 additional Airbus SE A220-300 planes, bolstering the carrier’s fleet and allowing it to more swiftly retire older aircraft. The purchase, an exercise of prior options, brings JetBlue’s total order of the single-aisle jet to 100, the airline said in a statement. JetBlue expects its ninth A220 delivery this month, and 30 more by ...
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16 February
Alphabet’s Wing elevates drone technology chief to head of firm
Bloomberg Alphabet Inc’s Wing unit elevated its leading technology official to head the company as it seeks to rapidly expand its drone delivery operations, including in the Dallas suburbs. Adam Woodworth, who has spent his entire career designing new-age aircraft, was named Wing LLC’s chief executive officer, the company said in an announcement. He replaces James Ryan Burgess, who ...
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16 February
Malaysia’s AirAsia nears flying taxi deal with lessor Avolon
Bloomberg Malaysia’s AirAsia is near agreement for Vertical Aerospace Ltd flying taxis, according to people familiar with the matter, adding to a raft of carriers moving into the potential market to offer short, battery-powered flights. A deal between the airline’s owner and aircraft-leasing firm Avolon Holdings was expected to be announced on Wednesday at the Singapore Air Show, said ...
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16 February
Sock maker Bombas mulls initial public offering in US
Bloomberg Bombas, a maker of socks and other apparel, is exploring a US initial public offering, according to people with knowledge of the matter. The New York-based company, a certified B Corporation, could pursue a listing as soon as this year, said one of the people, requesting anonymity discussing private talks. The firm has held discussions with potential underwriters, ...
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16 February
ShopBack seeks $150m for expansion
Bloomberg ShopBack, an online shopping rewards app backed by Temasek Holdings, is in talks with potential investors to raise $150 million to help finance its expansion, according to people with knowledge of the matter. The Singapore-based startup is working with Morgan Stanley on the funding round, which is expected to value the company at about $1 billion, the people ...
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16 February
Taiwan: China’s Xi too focused on party reshuffle for any attack
Bloomberg Taiwan believes Xi Jinping is too focused on a key party meeting to extend his tenure as China’s leader to take military action now, regardless of what happens between Russia and Ukraine, according to two senior officials involved in security issues in Taipei. The Taiwanese government has assessed the current risk of a Chinese attack to be low, even ...
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16 February
Biden orders access to Trump’s White House visitor logs for Jan 6
Bloomberg President Joe Biden directed the National Archives to release to Congress Donald Trump’s White House visitor logs for January 6, rejecting his predecessor’s claims that the logs are subject to executive privilege. “The president has determined that an assertion of executive privilege is not in the best interests of the United States, and therefore is not justified, as ...
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