Your Daily Dose of Financial News

Demolition of an old house
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Blink, and it’s Jobs Report Friday again.  Where does the time go? Here’s what we’re watching for in the numbers – NYTimes and WSJ and MarketWatch

Dealbook questions whether anything will actually come of yesterday’s report that Barnes & Noble is again looking to sell itself – NYTimes

A mere 24-hours after Highfields called it quits, San Francisco-based hedge fund Criterion Capital has announced that it’s shutting down after 16 years. It currently has $2 billion under management – WSJ

The hidden other shoe that Amazon will drop in conjunction with its move to raise its minimum wage to $15/hour is taking the form of discontinued monthly bonuses and stock grants – MarketWatch and Bloomberg

The DOJ is opening its own inquiry into the anti-money-laundering failures of Denmark’s Danske Bank, which just weeks ago admitted to failing to prevent Russian money laundering (by the billions) through one of its Estonian branches – NYTimes and WSJ and Law360

Campbell Soup is in talks to sell its Bolthouse Farms fresh-foods unit to a group of investors led by Jeff Dunn, the brand’s former CEO who help engineer the PE firm sale of Bolthouse to Campbell 6 years ago for $1.55 billion – WSJ

Just days after [tentatively] resolving SEC claims against him for his early August tweets about taking Tesla private, Elon Musk took to the platform to mock the agency as the “Shortseller Enrichment Commission.” Subtle, Elon.  Subtle – Bloomberg and NYTimes and WSJ

Meanwhile, in federal court in New York, SDNY Judge Alison Nathan instructed Musk and the SEC to “justify their settlement,” so she could satisfy the court’s duty of determining whether the proposed agreement is “fair and reasonable” – Law360

Streetwise warns us that we should all be paying much close attention to Italy’s bond market and not be so comfortable with the idea that contagion fears are all resolved – WSJ

Some Journal reaction to John Flannery’s limited tenure at GE (and a similar broader trend of early-ish CEO departures) that offers the position that maybe shorter is better at the top these days – WSJ

Imitation’s often said to be the sincerest form of flattery, and Bloomberg highlights top chefs from around the country who have elevated reimagining of beloved dishes to an art form of their own – Bloomberg

Have a great weekend,
MDR

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