Buyers line up as Europe’s biggest debt collector divests units

Bloomberg A long list of potential buyers has expressed interest in the Nordic and Baltic businesses that Intrum Justitia AB and Lindorff need to divest to proceed with their merger, according to Intrum’s chief executive officer. CEO Mikael Ericson says he is confident the two firms can sell Lindorff’s entire business in Denmark, Estonia, Finland and Sweden, as well as ...

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Delivery Hero seeks $4.9bn valuation as IPO price set

Bloomberg Delivery Hero AG plans an initial public offering valuing the company at as much as 4.39 billion euros ($4.9 billion) as the Rocket Internet SE-backed food-delivery startup seeks funds for growth. The company and current owners will sell as much as 996 million euros in stock for 22 euros to 25.50 euros apiece, according to a statement on Monday. ...

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London home sellers cut price for second time in 3 months

Bloomberg London home sellers cut asking prices for a second time in three months and waning buyer interest hints that the slowdown may continue. Prices dropped 2.4 percent in June — the biggest for that month since 2010 — leaving them down 1.4 percent from a year earlier, Rightmove Plc said on Monday. Nationally, asking prices slipped 0.4 percent, pushing ...

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Google ‘will do more to suppress terrorist propaganda’

Bloomberg Alphabet Inc.’s Google says it is creating new policies and practices to suppress terrorism-related videos, a response to UK lawmakers who have said the internet is a petri dish for radical ideology. Google will increase its use of technology to identify extremist and terrorism-related videos across its sites, which include YouTube, and will boost the number of people who ...

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Nurturing our capacity for regeneration

Sparkling in the sunlight that inspired 19th-century romantic painters of the Hudson River School, Sing Sing prison’s razor wire, through which inmates can see the flowing river, is almost pretty. Almost. Rain or shine, however, a fog of regret permeates any maximum-security prison. But 37 men — almost all minorities; mostly African Americans — recently received celebratory attention. It was ...

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Infosys squabble calls for a theory of the teenage firm

Four decades ago, two University of Rochester professors came up with a definitive theory for that “awesome social invention” known as a publicly held company. The firm, they said, was but a series of contractual agreements between the owners and their agents—the managers. And there the matter rested. Until a 20-F filing at the US Securities Exchange Commission by Bangalore-based ...

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Nobody wants this Brexit power grab

The headlines liken it to a “raid” or a “power grab.” But the European Union’s threat to repatriate euro clearing away from London is starting to look like a headache nobody actually wants to see happen. Which, all told, is probably a good thing. EU Commissioner Valdis Dombrovskis recently unveiled the legal framework of how the bloc plans to supervise ...

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More troops for Afghan sans Trump’s plan

Usually when a president agrees to send more troops to a war zone, it’s part of a broader strategy. George W. Bush approved the surge of forces to Iraq as part of a population-centric counterinsurgency war plan. Barack Obama did the same in his first year when it came to Afghanistan, though he eventually regretted the decision, and spent most ...

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As debt piles up, the old take from the young

Edmund Burke saw society as a partnership between those who are living, those who are dead, and those who are yet to be born. A failure to understand this relationship underlies a disturbing global tendency in recent decades, in which the appropriation of future wealth and resources for current consumption is increasingly disadvantaging future generations. Without a commitment to addressing ...

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Goldman’s robotic IPOs address a shrinking equity market

Goldman Sachs is embracing the machines. The firm that has long cultivated an image of relationship banking and trusted advice — in reality Goldman was always more of a trading house than rivals Morgan Stanley or boutiques like Lazard — now says it plans to hand over about half of the IPO process to computers. Goldman is trying to portray ...

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