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The Generation Essentials Group
Prnewswire· 2025-12-11 20:05
Company Overview - The Generation Essentials Group (TGE) is a diversified portfolio focused on global strategies in multi-media, entertainment, cultural affairs, hospitality, and VIP services [4] - TGE was jointly established by AMTD Group, AMTD IDEA Group, and AMTD Digital Inc. and is headquartered in France [4] Share Capital Structure - TGE's issued share capital includes 44,175,159 Class A ordinary shares (one vote each), 4,285,911 Class B ordinary shares (twenty votes each), and 6,343,056 non-voting redeemable preferred shares [1] - The total number of voting rights attributable to Class A Ordinary Shares is 44,175,159 [2] Voting Rights and Disclosure - Shareholders must use the total voting rights figure (44,175,159) to determine if they need to notify changes in their interest in Class A Ordinary Shares under FCA's Disclosure Guidance and Transparency Rules [3] - Any person holding 5% or more of the voting rights must notify both the Company and the Financial Conduct Authority without delay [3]
Loews Corporation Comments on Delaware Supreme Court's Ruling
Prnewswire· 2025-12-11 12:46
Core Viewpoint - Loews Corporation is involved in ongoing litigation regarding its 2018 acquisition of minority limited partner interests in Boardwalk Pipelines, with the Delaware Supreme Court ruling on the matter and remanding certain issues back to the Delaware Court of Chancery [1][3]. Legal Proceedings - The Delaware Supreme Court found a breach related to the partnership agreement and remanded the issue of tortious interference liability back to the Delaware Court of Chancery [1]. - In November 2021, the Delaware Court of Chancery awarded former minority unitholders approximately $690 million plus interest, but this ruling was reversed by the Delaware Supreme Court in December 2022 [3]. - The Court of Chancery ruled in favor of Loews on remaining claims in September 2024, finding no liability, but this ruling was appealed by the plaintiffs [3]. Company Statements - The President and CEO of Loews Corporation expressed frustration over the prolonged litigation, which has lasted more than seven years, and reiterated the appropriateness of the acquisition process undertaken in 2018 [2]. Company Overview - Loews Corporation operates in diversified sectors including insurance, energy, hospitality, and packaging [4].
X @The Wall Street Journal
The Wall Street Journal· 2025-12-04 01:36
Hotel Industry Trends - Hotel room sizes are decreasing as operators seek more profitable designs [1] - Wardrobes are vanishing from hotel rooms [1] - Minibars are disappearing from hotel rooms [1] - Sinks are ending up in the entryway of hotel rooms [1] Profitability Focus - Hotel operators are hunting for the most profitable design [1]
November job losses hit two US regions the hardest
Yahoo Finance· 2025-12-03 23:07
Labor Market Overview - The White House announced the likely absence of the October Bureau of Labor Statistics jobs report due to a government shutdown, casting doubt on the previously reported strong September data [1] - The ADP private sector jobs report, based on anonymized payroll data from over 26 million U.S. private-sector employees, is a trusted non-government source for labor data [3] Job Losses and Sector Performance - Private employers cut 32,000 jobs in November, with significant losses in construction, manufacturing, professional/business services, and information services [5] - Job declines were uneven across sectors, with construction losing 9,000 jobs, manufacturing losing 18,000, and professional/business services losing 26,000, while natural resources and mining added 8,000 jobs [7] Regional Job Trends - The Northeast and South experienced steep job losses, with New England laying off 50,000, the Mid-Atlantic cutting 49,000, and the South Atlantic losing nearly 80,000 jobs; in contrast, the Midwest and West reported job gains of 45,000 and 67,000, respectively [9]
X @The Wall Street Journal
The Wall Street Journal· 2025-12-03 19:08
Leaders of the Maasai ethnic group are seeking a court order to demolish a new Ritz-Carlton luxury safari camp they say blocks a key route of the famous Serengeti migration. 🔗 https://t.co/gJPMNqeErF https://t.co/Uq18RkLdTt ...