Diego Segura

Mayo said he’s been talking to the Financial Accounting Standards Board and “they aren’t going to change 40 years of rules right now. So the reality is they don’t have to sell.”

caution.

Less familiar to Western analysts is Idemitsu Kosan, but it is a significant player in the Japanese petrochemical sector. It operates four major refineries and three integrated chemical complexes in the country and generated more than $60 billion in revenue in the past twelve months.

What if you and your friends had your own little internet, the size of a room? No outside influence, no outside information, no viral trends, no content-suggesting algorithms; just the machines and the people within the physical space. What would you do on your little internet?

The company takes 25% of insurance premium revenue for administrative costs and potential profits. The other 75% is used to fund customer claims, buy reinsurance (laying off some risk) and pay certain taxes and fees, with anything left going to charities that customers choose. The social-compact pitch: Lemonade can’t profit from denying legit... See more

Selective factoring

Selective factoring gives businesses the opportunity to factor individual invoices or small bundles of invoices, rather than factoring their entire sales ledger.

3G had taken Burger King private in a 2010 leveraged buyout for $4.1 billion, using $1.6 billion of its own equity. At the time, Burger King had one brand—Burger King—and 12,000 restaurants in 70 countries and some $15 billion in revenue. In short order, 3G transformed Burger King into Restaurant Brands International, comprising 30,000 restaurants... See more

The executive said the “cake was already baked well before March 10, when it failed.” Indeed, in the 24 hours before SVB collapsed, Becker told his team the bank had lost $40 billion in deposits in four hours. That’s when a call was set up between Becker, the Fed, the F.D.I.C. and the state of California. “We’re not going to make it,” they were... See more