Your Daily Dose of Financial News


Embattled credit reporting company Equifax has chosen private equity exec Mark Begor as its new CEO. Begor will replace interim CEO Paulino do Rego Barros, who has been in the role since former CEO Richard Smith resigned after revelation of the massive data breach that exposed PII of nearly 150 million people – NYTimes and WSJ

Streetwise has had its eye on the wild swings in the market—particularly in the tech sector—and suggests that the investors are reacting to two “broader threat[s]”: politics and economics – WSJ

We all know about the privacy concerns dragging down Facebook’s shares.  For Amazon, it’s new fears about antitrust enforcement that are pushing shares lower – Bloomberg and MarketWatch

A helpful Top 5 list for better understanding this week’s big win for Oracle against Google over alleged copyright infringement – Law360

In need of cash, reeling from another accident probe, and facing a downgrade of its bonds’ credit rating, Tesla is rather suddenly finding itself in a world of hurtWSJ

Speaking of cars, Japan’s Nissan and France’s Renault are engaged in merger discussions. If the deal gets done, it would “solidify their two-decade-old alliance under a single stock as an unprecedented shift toward electric and shared cars transforms the industry” – Bloomberg

Longtime German auto rivals Daimler and BMW, on the other hand, will stay officially separate but are joining forces in the car-sharing field in order to better compete with Silicon Valley upstarts – NYTimes

iPhone owners are doing something about those slow phones that not-so-mysteriously coincide with new hardware releases from Apple, and it’s taking the form of nearly 60 lawsuits filed since December that accuse Apple of “slowing their phones to spur people to buy new iPhones.” More details here – WSJ

The Times gifts us with this fascinating look at Skopje, the capital of Macedonia and city full of mismatched architecture, geopolitical strife, and, well, kitsch – NYTimes

We’re off for a brief Easter hiatus and will see you back here bright and early Tuesday morning.