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Thomson Reuters Launches $626 Million Offer for Pagero
Updated Jan. 11, 2024 4:34 am ET Thomson Reuters is launching a $626 million cash bid for Pagero Group, beating a rival offer made by Vertex for the Swedish e-invoicing provider last month. Thomson Reuters said Thursday that it will begin a public tender offer to acquire all of Pagero’s shares on Friday. It intends…
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When Software Makes the Decisions: The Growing Role of Algorithmic Authority
Decisions that once required human judgment are increasingly being made—or heavily influenced—by software. From hiring and lending to healthcare and public services, algorithms now play a central role in determining outcomes that affect millions of lives. This shift toward algorithmic authority is not driven by science fiction visions of artificial intelligence, but by practical demands…
Goldman Sachs’ exclusive — and bloated — ‘management committee’ of top bankers can get even bigger: insiders
Goldman Sachs’ exclusive “management committee” of top bankers has become bloated under CEO David Solomon, according to critics – but some insiders are betting it’s about to get even bigger. The Wall Street giant is expected at the end of the month to make major changes to the powerful panel known internally as “MC,” which…
Union President Blasts Ford Chairman: ‘He Knows Exactly How To Settle This Strike’
The executive chairman of Ford Motor Company broke his silence on the monthlong auto workers strike on Monday and said the work stoppage could “devastate local communities” if it continues. Bill Ford, the great-grandson of Henry Ford and the company’s chairman since 1999, also criticized the United Auto Workers union for recently shutting down the…
Boeing prioritizing diversity and inclusion over flier safety, Elon Musk says after near-catastrophic Alaska Airlines mishap
Elon Musk ripped Boeing over a filing that appeared to show the aeronautical giant two years ago began using diversity, equity and inclusion goals as incentives for executive compensation after previously focusing solely on safety and quality controls. “Do you want to fly in an airplane where they prioritized DEI hiring over your safety? That…
Global economy set for weakest growth since pandemic, warns World Bank
Political concern about rising prices was voiced by US Secretary of State Anthony Blinken on his ongoing tour to the region on Monday. He tweeted that the attacks “have disrupted or diverted nearly 20% of global shipping. This increases the cost and time of moving food, fuel, medicine, and humanitarian assistance.”
