Your Daily Dose of Financial News


Federal prosecutors have opened a criminal probe into Huawei Technologies’ alleged theft of trade secrets from its US business partners, “including technology used by T-Mobile US Inc. to test smartphones.” The investigation grew out of civil lawsuits against Huawei, and indictments are likely soon – WSJ and Bloomberg and NYTimes

9 lives? Please. Cats have nothing on Theresa May’s political career, as the Prime Minister lives to fight another day after surviving  yet another no-confidence vote following the defeat of her Brexit plan in the British Parliament on Tuesday – NYTimes and WSJ and Bloomberg

Fresh off news that Carlos Ghosn’s bid for bail was denied by a Japanese court, the French government—carmaker Renault’s largest shareholder—“called on the company to replace Mr. Ghosn and install new leadership in the coming days” – NYTimes

BNY Mellon will pay $72.5 million as part of a new deal to “resolve claims that it overcharged American depository receipt [or ADR] holders for the conversion of foreign currency dividends to U.S. dollars” – Law360

So Amazon’s rewriting the game in publishing now, too. Be honest—is anyone really surprised at this point? – WSJ

With its sights set on a 2019 IPO, Peter Thiel’s data analytics startup Palantir reported through an executive’s appearance in a French TV interview that it generated nearly a billion in revenue in 2018, with roughly half of that coming from government agencies – Bloomberg

The Times reports that Goldman Sachs has landed on a strategy for defending itself against the criminal investigation into its role in the theft of at least $2.7 billion from the 1MDB sovereign wealth fund: aggressively discrediting one of its former partners, Tim Leissner – NYTimes

Fiserv Inc. has reached an agreement to acquire First Data Corp. for $22 billion—an all-stock deal that combines two leaders in the provision of financial technology “that connects Wall Street to Main Street” – WSJ and MarketWatch and Law360

Can’t argue with any piece giving the in-depth treatment to something as important as New York City’s title as the Slice capital of the world.  Enjoy – NYTimes


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