So . . . financial news. Amiright?
Ride-hailing company Uber has resolved EEOC charges related to its alleged “culture of sexual harassment” and will “start a $4.4 million class fund to compensate victims of sexual harassment or retaliation from as early as Jan. 1, 2014” – WSJ and MarketWatch and Law360 and NYTimes
A hacked Bank of England audio feed from its news conferences was “released to some investors before it had been made public, giving them a leg up on the rest of the market.” The BOE and the UK’s Financial Conduct Authority are investigating the leak, which would’ve given listeners a 5-8 second advantage over those watching the video feed—an eternity in the world of high-speed trading – NYTimes and WSJ and FinancialNews
Several groups—including Spanish-language media company Hemisphere Media Group, PE firm Platinum Equity, and former Viacom CFO Wade Davis—are in the running to purchase Univision Communications from a group of investment firms that took the Spanish-language broadcaster private in 2007 in a LBO that included billions of debt – WSJ
Quite the ride for Murray Energy CEO and Oliver-nemesis Robert Murray this fall. New court filings show that Murray “paid himself $14 million, handed his successor a $4 million bonus and earmarked nearly $1 million for casting doubt on man-made climate change” even while his coal mining company “hurtled into bankruptcy” – NYTimes
Here’s a trillion dollar question for you: Santa rally or Santa sell-off? Either way, Friday’s likely to pack a punch for the markets – MarketWatch
Broadcom is shopping around one of its wireless-chip units, a move that could fetch some $10 billion and help “accelerate the company’s shift away from its roots as a semiconductor maker” – WSJ
Bloomberg is out with a scathing look at the “culture of recklessness” at Masa Son’s SoftBank Vision Fund, from a manic founder to ill-advised investment bets to “sycophancy toward Son, internecine political rivalries, harassment , compliance issues, and an abnormally high tolerance for risk,” to name a few of the more glaring issues – Bloomberg
The SEC approved a proposal this week that would enable more everyday investors—read, not “accredited investors”—to invest early in “private securities offerings, hedge funds and private equity funds.” Investment in such vehicles is currently limited “because they are generally more opaque and riskier than securities traded on closely regulated public exchanges,” but the Jay Clayton SEC is betting that non-accredited investors are sophisticated enough to participate in these private markets – WSJ and Law360
A recent surge in Tesla shares following its surprise report of Q3 profits is continuing, much to the delight of CEO Elon Musk and the particular price he’s had in mind for some time now – Bloomberg and MarketWatch
We’ve talked plenty here about the student-loan crisis facing hundreds of thousands of Americans. It now appears that private colleges themselves are in the midst of a financial reckoning, with a shift in demographics and “tremendous market pressures” pushing many smaller private schools to the verge of bankruptcy – Bloomberg
A couple of “curious cases” for you on a Thursday morning. Your pick: the OSS’s influence on what would become the design aesthetic for modern life [NYTimes] or Chris Evans’ sweaters [The New Yorker]. Let’s be honest. Hard to go wrong here with either.