Tag Archives: Alibaba

Financial Daily Dose 11.11.2019 | Top Story: Twitter Screed Prompts Investigation of Apple Card Gender Discrimination

BY: Michael D. Reif | November 11, 2019

Here’s about as 2019 as we can get in the financial world (with a healthy dose of 1950s-era gender discrimination for good measure): a series of tweets from tech entrepreneur David Heinemeier Hansson alleging gender discrimination “in the new Apple Card’s algorithms when determining credit limits” has prompted attention from New York’s financial watchdog, which … Continue reading

Financial Daily Dose 8.22.2019 | Top Story: CBO Projects $1 Trillion Annual US Deficit in 2020

BY: Michael D. Reif | August 22, 2019

The CBO sent shivers down the spines of deficit hawks yesterday with its latest forecast that shows federal cost overruns hitting $1 trillion for fiscal 2020, an increase of more than $100 billion from projections just 3 months ago – NYTimes and WSJ and Bloomberg Not that there’s any definite cause-and-effect at play here, but … Continue reading

Financial Daily Dose 5.29.2019 | Top Story: Amazon to Purge Small-Sellers

BY: Michael D. Reif | May 29, 2019

Amazon is prepping to execute a more permanent purge on its orders to smaller, mom & pop suppliers as part of a push to “cut costs and focus on wholesale purchasing on major brands like Procter & Gamble, Sony and Lego” in an effort to assure adequate supplies and compete with big-box retail giants like … Continue reading

Financial Daily Dose 5.28.2019 | Top Story: Fiat Chrysler and Renault in Talks to Merge

BY: Michael D. Reif | May 28, 2019

Fiat Chrysler and struggling post-Ghosn French automaker Renault are in talks to complete a merger of equals that could “reshape the global automobile industry.” If a deal is reached the combined company would be the third largest car company by sales in the world – NYTimes and WSJ and Bloomberg Fresh off an $85 million … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 30, 2019

Shared workspace giant We Work is joining the growing wave of major start-ups planning to go public this year. And like many of its unicorn peers (as we’ve documented), the company “shows no sign of turning a profit anytime soon” – NYTimes and WSJ and Bloomberg and MarketWatch and Law360 The Labor Department on Monday … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 4, 2019

After weeks of regular negotiations (and months of back-and-forth before that), the rough outlines of a broad US/China trade deal are starting to take shape.  Early reports look like the end of US tariffs in exchange for better IP protection for American companies and more Chinese purchasing of American products – Bloomberg and NYTimes and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 10, 2018

As expected based on buzz from late last week, longtime CBS chief Les Moonves is out at the network he’s led for more than 20 years.  While his exit has been in the works for some time, a report out yesterday detailing new sexual harassment allegations against him likely influenced the timing of his departure … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 10, 2017

AT&T’s chief is weighing in the DOJ’s call to sell CNN in order to make its deal with Time Warner go through, and, as Randall sees it, “selling CNN makes no sense” – NYTimes and WSJ and Bloomberg The Times on new Uber CEO Dara Khosrowshahi’s efforts to build a very different ride-haling giant—from culture … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 18, 2017

Mylan will pay $465 million to federal authorities to resolve claims that it overcharged the Medicaid program by millions for its EpiPen products. Though large, the figure represents about a third of the estimated overpayments Medicaid made for the EpiPen during the ten-year-period ending in 2016 – WSJ I snuck this into an Alibaba hyperlink … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 25, 2017

The Deal Professor digs in to the forthcoming Snap IPO and finds that some shareholder voting rights may go the way of Snapchat’s messages [fading away, that is] – NYTimes The Journal reported yesterday that more than 6,000 Wells Fargo branches were routinely tipped off to inspections by internal risk monitors, a practice that allowed … Continue reading