Posts by Liam Redmond
Private equity is clinging to assets for longer, upending its business model
The traditional 10-year fund that was the backbone of the buyout approach is vanishing IT STARTED out as a typical private equity (PE) bet: Hellman & Friedman and JMI Equity took human resources provider Kronos private in 2007. The plan was to grow the business for at least a few years, then sell it or…
Read MoreAutobahn Rent A Car charged with keeping two de-registered vehicles
[SINGAPORE] Embattled car-rental company Autobahn Rent A Car has been read four charges in relation to de-registered cars under its ownership. According to documents seen by The Business Times on Tuesday (Sep 22), the offences relate to two cars, with two charges per vehicle. One charge is over keeping a vehicle after its registration was…
Read MoreCanadian grandma allegedly sobbed ‘I made a mistake’ before medically assisted death
The family of an 83-year-old Canadian woman is demanding answers after she died through the country’s medical assistance in dying program despite allegedly becoming distraught when told the procedure would end her life and showing signs of cognitive decline, according to a report. The Daily Mail reported Sunday that an 83-year-old Christian grandmother, Brigitte Stegemann, was killed under…
Read MorePetronas gears up for South-east Asia’s shift as net LNG importer
The company sees its facilities’ strategic location and diverse supply portfolio as key advantages [BANGKOK] Even as the US-Iran war forces a global reckoning on liquefied natural gas (LNG), Malaysia’s Petronas remains optimistic that South-east Asia’s appetite for the fossil fuel is growing. The company wants to serve rising demand from regional customers – leveraging…
Read MoreFrom smart glasses to AI pins, privacy fears challenge tech’s next big bet
[SAN FRANCISCO/NEW YORK] Companies betting that artificial intelligence devices will usher in a post-smartphone era are fuelling privacy fears around the globe that could slow adoption of the emerging technology. The backlash against devices that can see, hear and respond to the world around them has been strongest against Meta’s Ray-Bans, which made smart glasses…
Read MoreBarclays appoints Morgan Stanley’s Wee Yee-Yeong to lead private bank in Singapore, Asia
This follows launch of British bank’s booking centre in city-state as it expands wealth-management business in region [SINGAPORE] Barclays has appointed Morgan Stanley’s Wee Yee-Yeong as head of its private bank in Singapore and Asia, as the British lender builds out its wealth-management business in the region. Wee, who is currently CEO and head of…
Read MorePrincess Diana made plans to move to Africa to marry her doctor lover and escape ‘petulant’ Charles before her death: brother’s memoir
Princess Diana plotted to move to South Africa with her lover Dr. Hasnat Khan in a bid to flee her“petulant” ex-husband, King Charles, her brother Charles Spencer claims in a bombshell new book. The tragic royal went as far as to speak to famed medical pioneer Dr. Christian Barnard as she hoped he could snag…
Read MoreHow iPhone users can file to get up to $95 from a $250-million settlement
People who bought certain iPhone models can start submitting claims to get paid as part of a $250-million settlement resolving legal claims that Apple misled consumers about the capabilities of its artificial-intelligence-powered features. Some iPhone users could be eligible for a cash payment of $25 per device, which could increase to $95 per device depending…
Read More‘1619 Project’ scribe Nikole Hannah-Jones has only BEGUN to face how she failed her daughter
Nikole Hannah-Jones looks to be trying her best to honestly confront what she’s done to her daughter and figure out where she went wrong, though she still seems unsure if she did. Ironically, though, the way she has (we don’t doubt it, anyway) harmed her daughter’s education is the result of her own parents taking…
Read MoreGeorgia’s youngest mayor blasts city after being ousted over sexting and spending scandals
A Georgia city’s youngest-ever mayor lashed out at officials as he broke his silence after being ousted from his role in light of the sexting and spending scandals that had recently engulfed him. Jayden Williams – who served as mayor of Stockbridge for 10 months before being impeached — was removed from office earlier this…
Read MoreDear Abby: I’m upset my friends gave excuses for not attending my mother’s funeral
DEAR ABBY: My mom died of extreme old age recently. She was a sweet woman everyone loved. I sent invitations to her memorial, and I’m getting a lot of excuses for why my friends can’t attend. I am upset. In my circle of friends (all similar ages), I was the last to graduate, get a…
Read MoreMalik Nabers, Brian Burns hoping to avoid the worst with their Giants injuries
INGLEWOOD, Calif. — Malik Nabers is headed for an MRI and Brian Burns is headed for a waiting game. Nabers popped his own dislocated shoulder back into the socket in the first quarter, and Brian Burns suffered a low-ankle sprain in the final minutes of the fourth quarter, bookending the Giants’ nightmare 28-6 loss to…
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