Tag Archives: Bayer

Financial Daily Dose 2.18.2020 | Top Story: Apple Cuts Revenue Expectations and HSBC Axes Jobs as Coronavirus Infects Business Outlook

BY: Michael D. Reif | February 18, 2020

Apple announced that the coronavirus outbreak that’s brought Chinese manufacturing to a near-standstill and continues to spread around the world will affect its quarterly sales expectations.  The news makes Apple “one of the first companies to publicly disclose the extent of the chain effect from China and the virus on the business world” – NYTimes … Continue reading

Financial Daily Dose 1.17.2020 | Top Story: Senate Passes USMCA by Wide Margin to Update NAFTA

BY: Michael D. Reif | January 17, 2020

While there’s plenty of other business afoot in D.C. these days, it also happens to have been a pretty big week for trade deals. A day after Phase One with China was inked, the Senate overwhelmingly approved a revised NAFTA—now officially the USMCA—which will get final executive approval next week – NYTimes and WSJ and … Continue reading

Financial Daily Dose 8.29.2019 | Top Story: South Korea High Court Could Send Samsung Heir Back to Jail

BY: Michael D. Reif | August 29, 2019

A ruling this morning from South Korea’s top court means that Samsung’s de facto leader, its vice chair and chaebol heir Lee Jae-yong, could be heading back behind bars. The high court found that a lower appeals court “had underestimated the value of the bribes” he provided to former South Korean president Park Geun-hye, jeopardizing … Continue reading

Financial Daily Dose 8.21.2019 | Top Story: Fed “Tailoring” to Weaken Big Bank Capital Requirements

BY: Michael D. Reif | August 21, 2019

Beyond the revamped Volcker Rule we discussed yesterday, Federal Reserve officials are “slowly, but steadily,” making a series of regulatory changes likely to weaken “capital requirements installed in the wake of the [2008 financial] crisis to prevent the largest banks from suffering the kind of destabilizing losses that imperiled the United States economy.” Most Fed … Continue reading

Financial Daily Dose 7.16.2019 | Top Story: Regulators Raise National Security Concerns About Facebook’s Libra Crypto

BY: Michael D. Reif | July 16, 2019

Treasury Secretary Steven Mnuchin is the latest prominent government official to express concerns about Facebook’s coming Libra launch. Speaking at a briefing yesterday, Mnuchin focused on national security issues related to the planned cryptocurrency – WSJ and Bloomberg and Law360 Facebook will have a chance to address those (and many other) matters during Senate Banking … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 30, 2018

The Fed released minutes from its November meeting yesterday, and they reinforced the expected December rate hike while showing a more uncertain path for hikes in 2019 – NYTimes and WSJ and Bloomberg While Wall Street’s response was far more muted than its elation over Chair Powell’s comments on Wednesday, the minutes did help pull … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 10, 2018

The Journal reported yesterday that the DOJ will allow Bayer to move forward with its plans to acquire Monsanto, a deal valued at more than $60 billion, after the companies “pledged to sell off additional assets to secure government antitrust approval” – WSJ and Bloomberg and MarketWatch Chinese President Xi took what can only be … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 13, 2017

HSBC’s making good on its plans to shift to a focus on Asia by naming John Flint—who spent his first 14 years at the bank in Asia—as its new CEO. Flint will take over from Stuart Gulliver in February – NYTimes and WSJ and Bloomberg Tech startup Outcome Health—which “installs video screens in doctors’ offices … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 23, 2017

For a true indication of the growing power of Amazon, look no further than the unlikely nascent partnership between Google and Walmart – NYTimes and WSJ Chevron CEO John Watson is out in a move that leaves the energy giant without a board-confirmed successor and marks the “dramatic shift under way at big oil companies … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | September 19, 2016

We’re getting more details from the trenches at Wells Fargo, where execs warned workers against creating sham accounts back in 2014 but apparently had trouble seeing that message through to practice – NYTimes and WSJ Meanwhile, William Cohan’s looking at the sheer size of the scandal [5300 employees and managers fired] and thinks that Wells … Continue reading