Hapag-Lloyd Aktiengesellschaft logo Hapag-Lloyd Aktiengesellschaft (ETR:HLAG) executives outlined a signed merger agreement to acquire Israeli container carrier ZIM in an analyst and investor conference call, describing the strategic rationale, expected synergies, transaction structure, and funding plans. The call featured remarks from CEO Rolf Habben Jansen and CFO Mark Frese, followed by analyst questions. Deal terms and strategic rationale Habben Jansen said Hapag-Lloyd signed the merger agreement “ ...

Beckmann said core organic sales fell due to a 15% decline in single-family, a 20% decline in multifamily, and a 7% decline in repair and remodel as consumer uncertainty persisted. He reiterated several factors that reconcile single-family starts to the company’s sales performance, including an approximate three-month lag from start to first sale, lower value per start as home size and complexity have decreased, and pressure across the supply chain tied to affordability constraints. Based on these dynamics, ...

Our disciplined focus on portfolio management and long-term value creation through CLO resets and refinancings helped mitigate some of the headwinds that CLO equity faced. In addition, throughout the year, we leveraged our adviser’s broader origination capabilities and opportunistically increased the company’s exposure to credit assets beyond CLO equity. The strong demand for loans was fueled in part by captive CLO equity funds, which are often return-insensitive buyers of new CLOs. We believe these funds a ...

There's a reason IRAs and 401(k)s are popular choices for building retirement savings. Retirement accounts like these give you a tax break on your contributions. They also allow your money to grow on a tax-deferred basis so you're not hit with a tax bill on capital gains year after year. But there's a problem with traditional IRAs and 401(k)s. If you tap your savings before turning 59 and 1/2, you risk a 10% penalty on whatever sum you withdraw. Will AI create the world's first trillionaire? Our team just ...

Meridian Funds, managed by ArrowMark Partners, released its fourth-quarter 2025 investor letter for “Meridian Hedged Equity Fund”. A copy of the letter can be downloaded here. U.S. equity markets experienced a quarter supported by optimism about potential monetary easing and caution regarding economic growth and valuations. Early gains were driven by strong AI-related earnings and the US Federal Reserve’s rate cut in October, which improved expectations for financial conditions. However, market sentiment c ...

The bosses across Wall Street’s six biggest banks all saw their pay jump after a banner 2025. CEOs for JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC), Morgan Stanley (MS), and Goldman Sachs (GS) all earned $40 million or more in total compensation last year. Collectively, their pay increase for 2025 rose by $45.3 million from the year before to $258 million, according to regulatory filings and Yahoo Finance’s tally. That combined increase was their second-highest ever, afte ...

Meridian Funds, managed by ArrowMark Partners, released its fourth-quarter 2025 investor letter for “Meridian Hedged Equity Fund”. A copy of the letter can be downloaded here. U.S. equity markets experienced a quarter supported by optimism about potential monetary easing and caution regarding economic growth and valuations. Early gains were driven by strong AI-related earnings and the US Federal Reserve’s rate cut in October, which improved expectations for financial conditions. However, market sentiment c ...

With manufacturing onshoring a continuing point of discussion in the industry, many pharma companies went the opposite way for R&D in 2025, deciding to conduct innovation overseas. According to a survey of pharma executives by consultancy firm Ayming UK, nearly half (47%) of the respondents said they offshored R&D last year. Companies cited collaboration opportunities with partners and proximity to new markets and customers as two of the primary motivating factors for their strategy. Firms also pointed to ...

Pat McGrath Labs has received $10 million in debtor in possession financing. The financing by GDA Luma was approved by a bankruptcy court. GDA Luma has also made a further commitment of at least $20 million in post-emergence working capital. More from WWD As part of the deal, upon exit, GDA Luma will hold a controlling equity interest, while founder Dame Pat McGrath will remain a significant equity owner and continue as chief creative officer. As previously reported by WWD, Pat McGrath Labs filed for C ...

Meridian Funds, managed by ArrowMark Partners, released its fourth-quarter 2025 investor letter for “Meridian Hedged Equity Fund”. A copy of the letter can be downloaded here. U.S. equity markets experienced a quarter supported by optimism about potential monetary easing and caution regarding economic growth and valuations. Early gains were driven by strong AI-related earnings and the US Federal Reserve’s rate cut in October, which improved expectations for financial conditions. However, market sentiment c ...