Your Daily Dose of Financial News

2.1_iStock_3994514_BW
image_pdf

In an apparent effort to appease dissatisfied activist investors, chemicals giant DowDuPont has announced plans to change its breakup plan with an reorganizational structure that focuses on three “distinct businesses: an agricultural company, a materials science specialist and a specialty products business” – NYTimes and WSJ

Rupert Murdoch’s Sky dreams appear to be on hold yet again. Britain’s culture minister suggested yesterday that she would refer the $15 billion deal to the UK’s Competition and Markets Authority for a “more intensive inquiry” – NYTimes

The 9th Circuit has partially revived a proposed class action accusing Wells Fargo of inflating rates on mortgages by “replacing indices that were used to calculate interest rates when the mortgages were issued by [Wachovia].”  The case was initially filed in state court in 2012 before being removed – Law360

A Bain-led group that includes Apple, Dell, and Seagate Technology has signed a MOU with Toshiba to buy its memory-chip business by the end of the month for roughly $18 billion – WSJ

More on Mike Cagney’s fall from grace at SoFi – NYTimes

Apple pulled out its usual stops and happily showed off its brand-spanking-new Steve Jobs theatre, but the general reaction to yesterday’s products event was a collective “meh” – Bloomberg

But seriously, Jamie.  Level with us.  How do you really feel about bitcoin? – Bloomberg and WSJ

Boston’s taking the early HQ2 lead, thanks in no small part to its concentration of top-tier educational institutions – Bloomberg

Gotta say, kind of loving this Journal feature on the unlikely retro joy to be found in a Manhattan Kmart – WSJ

MDR

Leave a Reply

Email addresses and comments are not displayed publically.