The World’s Costliest Weapons Program Just Got More Expensive
(Bloomberg) — The world’s most expensive weapons program – the US’s F-35 fighter jet – got even more costly, according to the Pentagon.
Bloomberg Business
US Factory Gauge Contracts at Slowest Pace in Nearly a Year
A measure of US factory activity contracted in September by the least in nearly a year, offering hope that the worst may be over for the nation’s producers.
CEO’s Sudden Departure Exposes Laurentian Bank Turmoil
Laurentian Bank of Canada said Chief Executive Officer Rania Llewellyn will leave immediately, to be replaced by personal and commercial banking chief Eric Provost. The bank’s chairman resigned.
UK Creates Policy Vacuum With No Net Zero Plan, Energy Boss Says
The UK has created a policy vacuum and hasn’t got a proper plan for achieving net zero by 2050, according to the chief executive of one of Britain’s largest energy suppliers.
If Ozempic Leads People to Eat Less, Maker of Cheez-It Will Be Ready
Diabetes drug Ozempic and other appetite-suppressing medications are set to help overweight Americans cut down on their calorie intake. US food companies are unlikely to sit idly by.
House Fight to Oust McCarthy Threatens to Shake Balance of Power
Republican disunity is intensifying in the aftermath of a last-ditch deal to avert a US government shutdown as an intraparty drive to overthrow House Speaker Kevin McCarthy threatens to shake the balance of power in the Capitol.
Carlyle Taps Investor Relations Boss as CE0 Reshapes C-Suite
Carlyle Group Inc. hired a new investor relations head as Chief Executive Harvey Schwartz reshapes the leadership at the private equity firm.
Birkenstock Draws Norwegian Wealth Fund to $1.6 Billion IPO
Birkenstock Holding Ltd. and its private equity owner are seeking as much as $1.6 billion from an initial public offering, pushing ahead with the latest major test of demand for new listings.
Don’t Expect the Same Raise You Got Last Year
Several compensation surveys show employers are budgeting for smaller merit raises in 2024 as firms slow hiring and tighten their belts
HGGC Said to Explore Sale of Typeface Firm Monotype
Buyout firm HGGC is exploring a sale of Monotype Imaging Holdings Inc. that could value the typeface firm at more than $4 billion, including debt, according to people familiar with the matter.
