Cast iron skillets are all the rage in cooking today, but not all cast iron skillets are made equally. Lodge, recognized for its hefty and quality cast iron items, is widely considered one of the most trusted and reliable cookware brands on the market. One of its more reasonably-sized selections is its 10.25-inch pre-seasoned skillet, which originally retails for $26.68 on Amazon.
The issue has long been one of biology's biggest challenges.
State Street Corporation (NYSE:STT) today announced an extension of its service agreement with Neuberger Berman to renew accounting services for Neuberger’s $40B mutual funds business.
Do you know where these celebrities were born?
The Automatic Optical Inspection Market will grow by USD 894.39 mn during 2020-2024
The chain advises customers to check its website for details.
The "Global Drilling Fluids Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
(Bloomberg) -- S&P Global Inc. has agreed to buy IHS Markit Ltd. for about $39 billion in stock, a deal that accelerates the wave of consolidation among the finance industry’s biggest data providers.S&P is offering 0.2838 share for each IHS Markit share, representing a premium of about a 4.7% to IHS Markit’s last close, according to a statement Monday. After the deal, S&P shareholders will own approximately 68% of the combined company, which will be led by S&P’s Chief Executive Officer Douglas Peterson.The deal marries S&P, one of the most famous names in financial markets, with a research company that supplies forecasts to most of the world’s biggest companies as well as pricing for bonds and credit default swaps. The combination creates a challenger to the London Stock Exchange Group Plc, which last year agreed to acquire Refinitiv for $27 billion, as financial firms are locked in a race for scale to meet surging demand for data and analytics in increasingly computerized financial markets.S&P is paying a hefty premium for the IHS business: The deal’s value translates to about 10 times revenue, more than double the comparable valuation that LSE paid for the Refinitiv business.“This is a huge consolidation of financial databases and services,” said Gary Dugan, chief executive officer of the Global CIO Office, an investment firm in Singapore. “S&P probably gathered that expansion incrementally wouldn’t work and instead has gone for a major acquisition, which will deepen their product range and relevance.”Bloomberg LP, the parent of Bloomberg News, competes with IHS Markit and S&P Global in providing financial analytics and information.The transaction has an enterprise value of about $44 billion including S&P’s assumption of $4.8 billion in net debt. Lance Uggla, CEO of IHS Markit, will stay on as a special adviser to the company for one year after the deal is closed.Shares of S&P Global and IHS Markit have more than tripled over the past five years, providing ample currency for deal-making. Peterson said on a conference call Monday that he approached Uggla in early fall.The enterprise value translates into about 10 times IHS Markit’s revenue in the last full financial year and 28.2 times earnings before interest, taxes, depreciation and amortization, according to data compiled by Bloomberg. LSE’s deal for Refinitiv valued the target at about 4.7 times adjusted revenue and 13.1 times underlying Ebitda.The deal would be the world’s second-largest acquisition of 2020, second only to the $56 billion set of transactions among China’s biggest oil and gas companies to sell their pipeline networks to a new national carrier, according to data compiled by Bloomberg.The combined company is expected to result in annual costs savings of approximately $480 million a year, the statement said. Cost savings would include optimizing the real estate footprint, S&P Chief Financial Officer Ewout Steenbergen said on a conference call.Markit was founded in a U.K. barn by Uggla, a Canadian who spotted an opportunity to provide pricing for the opaque world of credit default swaps just as trading of the derivatives was taking off in the early 2000s. Uggla built up the company through a breakneck series of acquisitions, culminating in the 2016 merger with IHS. A 2014 IPO of Markit valued it at about $4.5 billion. The company has more than 5,000 analysts, data scientists, financial experts and industry specialists.Regulatory ScrutinyRegulatory scrutiny could pose one risk for the tie-up, given the overlap between the firms’ data offerings, according to Craig A. Huber, founder of Huber Research Partners LLC. The LSE is still negotiating with European Union regulators over its deal for Refinitiv, with competition authorities expressing concerns over how some companies’ control of data can make them gatekeepers for an industry.“Antitrust could be an issue since both are market data providers,” said Jin Rui Oh, director at United First Partners, an investment and advisory group that specializes in special situations. “That could be a little tricky.”(Corrects to refer to revenue multiple in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
These amazing images show the sheer majesty of the world’s most beautiful birds.But the winner of the Society of International Nature and Wildlife Photographers Bird Photographer of the Year 2020 took their picture in Britain.The competition, in aid of the RSPB, received entries from across the globe.However, the winner, Ravi Parvatharaju, 58, from Woodford Green, London, took his photo of a kingfisher feeding its two chicks at RSPB Rye Meads nature reserve in Hertfordshire.Parvatharaju, a consultant Neonatologist at Homerton Hospital in East London, said: "The kingfisher chicks had fledged that morning and were mostly hidden in the bushes and their parents were taking fish to them.Read more: Couple reunited with dog who was stolen six years ago"Suddenly, two came out of the bushes and landed on a perch in front of me. I had started taking pictures when to my surprise and joy, the adult male, their father, landed on the same perch between his babies with a fish."Both the chicks started opening their mouths wanting to be fed. I got this picture as he was passing the fish into the mouth of one of the babies and the other chick had its mouth still open."It was, and remains to this day, truly a moment of magic for me and an unforgettable wildlife experience which I cherish."The other photos to be recognised in the competition included a lone penguin in the Falklands surrounded by chicks and two camouflaged nightjars on the forest floor in Madagascar.The Judge’s Choice award was won by British photographer Kevin Nash, 55, a company director from Warrington, Cheshire, who took a picture of a vulture with wings outstretched being chased by a jackal at the Zimanga Game Reserve in South Africa.The competition raised more than £2,000 for the RSPB.
Harley Watson died after a vehicle ploughed into children who were leaving Debden Park High School in Loughton, Essex, in December last year.
The rumors ignited last Thursday that Salesforce had interest in Slack. Chances are, this is going to a big number, but this won't be Salesforce's first big acquisition. Salesforce has already surpassed $20 billion in annual revenue, and the company has a history of making a lot of deals to fill in the road map and give it more market lift as it searches for ever more revenue.
Nothing better than being organised this Christmas.
Officials from Georgia Secretary of State Brad Raffensperger’s office hold a news conference in Atlanta.
The decision to allow Arsenal defender David Luiz to play on after a clash of heads has been criticised.
Keurig has made brewing your own cup of coffee super easy for nearly 30 years. Keurig is currently offering 30 percent off coffee makers, 25 percent off K-Cup Pods, 25 percent off bagged and canned coffee and 30 percent off accessories. One of Keurig’s most popular machines is the K-Mini Brewer.
Rio voters inflict humiliating electoral wipeout on mayor. Bolsonaro ally Marcelo Crivella lost in all of Brazilian city’s 49 constituencies
(Bloomberg) -- The administrator of dollar Libor is considering granting a one-and-a-half year stay of execution to key maturities on the discredited set of interest-rate benchmarks.The ICE Benchmark Administration Ltd. said it is consulting on plans to extend the retirement date for 3-, 6- and 12-month London interbank offered rates on dollars until late June 2023, although regulators are still pushing for banks to move away from the benchmarks as soon as they can. The announcement follows fierce speculation that such a move might be on its way and eurodollar futures trading volumes jumped in the wake of the announcement.Libor is one of the bedrocks of the global financial system and still underpins hundreds of trillions of dollars in financial assets. Regulators have been seeking to phase it out at the end of 2021 after manipulation scandals and the drying up of trading data used to inform the rate. Yet those efforts have been waylaid during the coronavirus pandemic, prompting fears the markets were not ready for the seismic shift.“This should reduce the probability of a disruption for legacy Libor contracts that may not have been able to transition to new risk-free rates,” said Gennadiy Goldberg, senior U.S. rates strategist at TD Securities in New York. “In effect, the regulators continue to encourage the transition but allow some reprieve for legacy contracts.”Waiting until June 2023 to end many key Libor tenors should allow for the majority of contracts tied to dollar libor to expire naturally and avoid having to shift them to a new benchmark, a senior fed official said.While several key tenors may get some respite until 2023, including the overnight benchmark, regulators are still encouraging banks to transition away from dollar Libor “as soon as practicable,” according to a statement from the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency. “Extending the publication of certain USD Libor tenors until June 30, 2023 would allow most legacy dollar Libor contracts to mature before Libor experiences disruptions.”Given consumer protection, litigation, and reputation risks, the organizations said that entering into new contracts that use dollar Libor as a reference rate after Dec. 31, 2021, would create safety and soundness risks.The IBA will consult on plans to cease publishing one-week and two-month Libor by the end of 2021 -- in line with the original timeline. The IBA has also already announced that it will consult on its intention to cease at the end of 2021 the publication of all Libor settings for the British pound, the euro, the Swiss franc and the Japanese yen.A senior Federal Reserve official said the path being set out calls for banks to stop writing new U.S. dollar Libor contracts by the end of 2021, but allows most legacy contracts that were written before that to mature ahead of the benchmark’s end.Traders ReactThe market for eurodollar futures contracts related to the end-of-2021 transition period has seen elevated volumes over the past couple of weeks and Monday’s announcement prompted a further flurry.Around 73,200 March 2022 eurodollar futures contracts traded in the five minutes following the announcement at 9 a.m. New York time. The contract rose to a session high and action was consistent with traders covering positions that stood to benefit from a hard end to three-month dollar Libor at the end of 2021. The move also supported Treasuries across the shorter end of the yield curve, with maturities out to five years outperforming.(Updates throughout, adds comment and market response.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Swedish oil refiner Nynas AB said on Monday it had successfully finalised a year-long court-administered process to reorganise its business. Nynas entered the reorganisation after being hit by U.S. sanctions against its main owner at the time, Venezuela's state-owned oil firm Petroleos de Venezuela. After PDVSA in May cut its stake to 15%, Nynas is no longer subject to the sanctions.
The "Smart Water Meter Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The naira started the year at around 360 naira to the dollar on parallel markets but could soon cross the psychologically important "red line" of 500 naira.