• Mon, December 9, 2024

by: Crain's Chicago Business

GTCR sells AssuredPartners for $13.45 billion to Arthur J. Gallagher

The insurance brokerage has been part of GTCR's portfolio since 2011. The deal is Rolling Meadows-based Gallagher's largest-ever acquisition.

by: Charlotte Observer

Travel-hack your way to cheaper vacations

Money.ca explains the practice of travel hacking and how to incorporate it into your life.

by: Business Standard

Cracking the whip: Why Sebi is tightening rules for public issues of SMEs

SME IPO is a red-hot market segment. Many of these floats routinely see 100-time subscription and massive gains upon listing

by: CBS News

Who was Brian Thompson, the UnitedHealthcare CEO shot dead in Manhattan?

Here's what we know about UnitedHealthcare CEO Brian Thompson, who was shot to death in Manhattan on Wednesday.

by: Global Finance

Will AI Reboot Supply Chains?

"Embracing AI is a high priority right now for global supply chain leaders across all industries and all jurisdictions," he continues. In KPMG's 2024 CEO Outlook, which surveyed 1,325 CEOs surveyed worldwide, supply chain disruption was rated a top threat to business growth.

by: cpajournal

Why the Office of the CFO is Making Climate and ESG Ambition a Reality

In Brief Despite the headwinds generated by a growing anti-ESG movement, activists, stakeholders, NGOs, and other influencers are escalating their

by: 24/7 Wall St

6 Carl Icahn Quotes Every 70-Year-Old Needs to Hear

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Carl Icahn is a successful businessman and investor. If you're in your 70s,

by: GQ

Want to work from home and get paid like a CEO? 7 high-paying remote jobs you should check out in 2025

Remote jobs have become a game-changer in today's world, offering professionals the freedom to work from anywhere. As remote work mandates grow, job seekers are flocking to these flexible opportunities.

by: Reuters

To help abuse survivors, Biden watchdog launches rulemaking

The U.S. watchdog for consumer finance on Monday announced the start of the rulemaking process to protect victims of domestic violence and elder abuse, saying those who suffer such mistreatment can be coerced into taking on debt or opening bank accounts.

by: Pensions&Investments

SEC announces departure of Division of Trading and Markets director

Haoxiang Zhu, director of the SEC's Division of Trading and Markets, will leave the agency Dec. 10, the agency announced. David Saltiel, a deputy director who also leads the Division's Office of Analytics and Research, will serve as acting director, the SEC said in a Dec. 9 news release.

by: USA Today

Tariffs may be an inflation worry but so are credit card processing fees, some say

Credit card processing fees cost American households an average of $1,100 annually and are expected to continue rising unless Congress acts, some say.

by: The New Zealand Herald

Superannuation and the great tax debate - Catherine Beard

Couple that with a low drive for saving and unpredictable immigration policies, and an issue begins to emerge: How does New Zealand plan on maintaining first-world living standards and sustaining its reputation as a great place to live?

by: AOL

Steve Jobs taught Gap's former CEO that micromanaging can be a good thing

But some of the greats in business have shown micromanaging can lead to great success. Take Steve Jobs, for example. The former CEO of Apple, who died in 2011 from pancreatic cancer, continues to be revered as one of the greatest leaders in business history, but he's also among some of the most famous micromanagers.

by: bnnbloomberg

Japan's Megabanks Are Flush With Cash and Hunting Overseas Deals

(Bloomberg) -- Japan's megabanks are awash in cash and eager to invest.

by: Forbes

With Rates Dropping, The SBA Is Relaxing Its Refinancing Rules For Small Business

With interest rates easing and inflation cooling, small businesses are getting a much-needed break. A change to the Small Business Administration's (SBA) refinancing program will help them take advantage of the shift. The SBA's recent rule changes to its 504 loan program make it easier for businesses to refinance debt and capitalize on lower rates.

by: TheStreet.com

Younger workers increasingly want crypto paychecks, study finds

Twenty percent of surveyed employees believe that digital assets will become a fundamental part of their paychecks in the next five years, the study showed. Bitcoin emerged as the leading cryptocurrency of choice for employees, with an impressive 72% expressing a preference for receiving their wages or bonuses in it.

by: KOLR10 & Ozarks Local News

Missouri companies sue to stop a law that raises minimum wage and requires paid sick leave

Missouri business groups announced Monday that they have filed a lawsuit to try to stop a voter-approved law that will raise the state's minimum wage and require

by: Yahoo Finance

The 5 Most Profitable Business Ideas for Freelancers

Working at home has given freelancers plenty of options. They can reach out to more companies, develop new skills and pursue multiple side hustles. While it's great to have more choices, it's

by: Think Advisor

4 Options for Passing Down Your Firm

Here are four potential paths that such advisors might walk:

by: Business Daily Africa

SHA, Finance Bill top Google's most popular searches in 2024

The tech giant's 'Year in Search' list reveals the most popular trends that have captured the interest of Kenyans over the past 12 months.

by: Oneindia

Libra Horoscope For Today, December 10, Tuesday - Harmony in Relationships Can Lead to Beautiful Partnerships!

Libra Love and Relationships Horoscope: Love takes a tender turn today, offering a chance to rejuvenate your heart and emotions. Shared moments with your partner can rekindle the warmth, reigniting a sense of intimacy that benefits both sides. Understanding and patience can transform tensions into delightful exchanges.

by: Couriermail

Business confidence falls sharply, NAB survey finds

Business confidence has fallen sharply, National Australia Bank's monthly survey finds. Inflation continues to grind down on future work pencilled in for the mining and retail sectors, wiping out a general boost to business confidence in October.

by: Business Today

Asian Paints, Tata Steel, AU Small Finance Bank: How to trade these 3 buzzing stocks

An analyst from Anand Rathi said that Tata Steel is encountering a significant resistance level around the R3 Camarilla pivot, specifically in the Rs 150-151 zone, indicating selling pressure.

by: MSN

Taurus Daily Horoscope Today (April 20- May 20), December 10, 2024: Avoid being stubborn!

Taurus Money Horoscope Today There will be an increase in wealth and resources. Progress will be made in commerce-related topics. Taurus Career Horoscope Today Desired outcomes will be achieved in career and business.

by: MSN

Cancer Daily Horoscope Today (June 21 - July 22) December 10, 2024: Foster mutual trust!

Cancer Money Horoscope Today Your reputation and influence in work and business will rise. Long-term plans will gain momentum. Cancer Career Horoscope Today You will earn trust and benefit from relationships.

by: Couriermail

2024 Christmas shopping hours: Find out what's open over Christmas and New Year's Eve

With Christmas fast approaching it is good to know when essential services will be open and when they will be closed.

by: Reuters

Allianz wants to redistribute three quarters of profit to shareholders

Germany's Allianz said on Monday it plans to distribute at least three-quarters of its net profit to shareholders via dividends and share buybacks over the next three years.

by: Global Finance

World's Best Digital Banks 2024: Global And Regional Winners

While already boasting its Sharia-compliant Nomo digital bank, Boubyan Bank, the Best Islamic Digital Bank both globally and for the Middle East, has partnered with Temenos to build an open, cloud-native, API-first architecture. This architecture will provide greater access to modern banking capabilities, with rich Islamic-banking functionality.

by: AOL

Exclusive: Dave Clark hires Amazon chief scientist and other former execs for his AI supply-chain startup

The startup Auger raised $100 million in the fall. Now it's got a founding executive team packed with Amazon veterans.

by: Couriermail

2024 Christmas shopping hours: Find out what's open over Christmas and New Year's

With Christmas fast approaching it is good to know when essential services will be open and when they will be closed.

by: MSN

Alico, Inc. (ALCO): A Bull Case Theory

We came across a bullish thesis on Alico, Inc. (ALCO) on Undervalued and undercovered's Substack by Hugo Navarro. In this article, we will summarize the bulls' thesis on ALCO. Alico, Inc. (ALCO)'s share was trading at $27.

by: MSN

UFB Direct Review 2024: High-Yield Savings, Money Market Accounts, and More

Read our UFB Direct review to find out if a UFB Direct money market account, checking account, or savings account is the right option for you.

by: MSN

Huntington Bank names Christopher Wood to expand capital markets business

Huntington Bank said Monday it has hired a capital market veteran as it looks to expand its footprint in the industry. The Columbus, Ohio-based bank named Christopher Wood as managing executive director of capital markets and sponsorship coverage,

by: MSN

Nvidia's stock dips after China opens probe of the AI chip company for violating anti-monopoly laws

Shares of Nvidia fell Monday after China said it is investigating the high-flying U.S. microchip company over suspected violations of Chinese anti-monopoly laws. In a brief news release with few details,

by: MSN

Coursera pricing: Comparing costs and the best courses

Coursera is a top-rated hub for online learning. We've broken down how much Coursera costs and some of the best courses available.

by: MSN

I dropped out of high school before becoming a millionaire at 39. I don't buy things for my kids so they learn how to save and invest.

Sophie Musumeci became a millionaire by always focusing on being debt-free. She resists the urge of buying her kids things.

by: MSN

U.S. judge rejects rule capping credit card late fees at $8

The regulation would prevent card issuers with more than one million users from charging more than $8 for late fees unless they could prove to the Consumer Financial Protection Bu

by: MSN

Quarter of small firms fear they cannot sustain financial shocks, survey finds

Quarter of small firms fear they cannot sustain financial shocks, survey finds - Research by HSBC also found two-thirds of company owners said they were not able to grow their business to meet customer demand in 2024.

by: MSN

Gallagher strikes $13.5 billion deal for AssuredPartners to strengthen insurance broker business

Arthur J Gallagher will buy insurance broker AssuredPartners in a $13.45 billion all-cash deal, it said on Monday, as it deepens focus on property and casualty and employee benefits across the U.S. The deal will expand Gallagher's offerings in niche segments,

by: MSN

Treasury Department may fine small businesses $10,000 or more they don't file this new report

The Corporate Transparency Act requires many businesses to file data about their "beneficial owners" by Jan. 1. But the rule is being challenged in court.
  • Tue, December 10, 2024

by: McKnight's Senior Living

People in the news, Dec. 10

Appointments, promotions and other news at Benchmark Senior Living, Cassia, CVS Health, Daughters of Sarah Community for Seniors, Ecumen, Front Porch, Goodwin Living, Grace Management, Kendal Corp., Larry H.

by: The Daily Star

Long-term tax exemption beneficiaries still seeking additional benefits: finance adviser

Finance Adviser Salehuddin Ahmed today criticised long-term tax exemption beneficiaries who, despite receiving benefits for over 50 years, continue to making demands for further protections. "We have been taking care of the children (business sectors) over the last 50 years with tax benefits,

by: moneycontrol.com

Power Finance Consolidated September 2024 Net Sales at Rs 25,721.79 crore, up 14.88% Y-o-Y

Quarterly Net Profit at Rs. 5,302.43 crore in September 2024 up 9.71% from Rs. 4,833.08 crore in September 2023. EBITDA stands at Rs. 25,387.31 crore in September 2024 up 10.6% from Rs. 22,954.58 crore in September 2023.

by: Reuters

StanChart picks P.D. Singh as next India head

Standard Chartered has nominated P.D. Singh to be the next India and South Asia CEO, two sources with direct knowledge of the matter told Reuters on Tuesday.

by: Reuters

UAE to impose 15% minimum top-up tax on large multinationals from January

The United Arab Emirates said on Monday it will impose a domestic minimum top-up tax (DMTT) of 15% on large multinational companies operating in the country starting on or after Jan. 1, 2025 as it seeks to boost non-oil revenue.

by: Forbes

Will Interest Rates Go Down In 2025?

After starting 2022 at just 0.1%, the official cash rate is now 3.1% and tipped to rise further. Since the Reserve Bank of Australia (RBA) began lifting the cash rate in May 2022, there have been eight interest rate rises last year,

by: Yahoo Finance

Yext Inc (YEXT) Q3 2025 Earnings Call Highlights: Revenue Growth and Strategic Opportunities ...

Yext Inc (YEXT) reports a 13% revenue increase, driven by strategic acquisitions and AI opportunities, while navigating foreign exchange impacts and ARR challenges.

by: MSN

Treasury Department may fine small businesses $10,000 or more if they don't file this new report

The Corporate Transparency Act requires many businesses to file data about their "beneficial owners" by Jan. 1. But the rule is being challenged in court.

GTCR sells AssuredPartners for $13.45 billion to Arthur J. Gallagher

The insurance brokerage has been part of GTCR's portfolio since 2011. The deal is Rolling Meadows-based Gallagher's largest-ever acquisition.
GTCR, a Chicago-based private equity firm, has sold its majority stake in AssuredPartners Inc., an insurance brokerage, to Arthur J. Gallagher & Co. for $1.345 billion. This transaction, announced on Monday, marks one of the largest deals in the insurance brokerage sector this year. AssuredPartners, which was formed through GTCR's acquisition and merger of several insurance agencies starting in 2011, has grown significantly under GTCR's ownership, becoming one of the largest independent brokers in the U.S. The sale to Gallagher, a global insurance brokerage, risk management, and consulting services firm, will allow AssuredPartners to expand its reach and capabilities, leveraging Gallagher's extensive network and resources. The deal reflects the ongoing consolidation trend in the insurance industry, where larger firms acquire smaller, specialized brokers to enhance their market presence and service offerings.

Read the Full Crain's Chicago Business Article at:
https://www.chicagobusiness.com/finance-banking/gtcr-sells-assuredpartners-1345b-arthur-j-gallagher

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