Tag Archives: Brexit

Your Daily Dose of Financial News

BY: Michael D. Reif | March 22, 2019

Facebook revealed yesterday that “millions of user account passwords had been stored insecurely, potentially allowing employees to gain access to people’s accounts without their knowledge.” The company said it “had found no evidence of abuse,” but the news was yet another setback for a company beset by privacy problems in recent weeks – NYTimes and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 19, 2019

Warner Bros. studio division chief—part of AT&T’s recently acquired media empire—has “stepped down after accusations surfaced that he had pushed for a woman with whom he had a sexual relationship to be considered for roles in the company’s films and television shows” – NYTimes and WSJ and Bloomberg Fintech firm Fidelity National Information Services has … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 18, 2019

Fascinating weekend feature from the Journal exploring how Sears Roebuck went from the dominant force in American retailing to the bankrupt shell of a company that it is now—all within a period of just 40 years – WSJ Wall Street has, to this point, largely been untouched by the #MeToo movement. No more, as a … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 15, 2019

Just days after Facebook announced its shift to more private communications, the company’s chief product officer (and longtime Zuck inner-circler) Chris Cox and WhatsApp head Chris Daniels are both heading out the door, adding uncertainty to an already troublesome week for the social media giant – NYTimes and WSJ and Bloomberg and MarketWatch China’s gradual … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 13, 2019

Concessions wrenched from EU leaders aside, PM May and her latest Brexit plan again fell apart in Parliament, with lawmakers voting it down 391-242. The defeat raises the ongoing specter of a no-deal departure from the Union and a possible delay in that action, and it threatens her role as Tory leader, too – NYTimes … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 12, 2019

The SEC has announced a settlement with nearly 80 investment advisory firms in which they will pay back more than $125 million “to clients who were steered into higher-cost mutual funds without adequate disclosure” as part of a new agency initiative asking Wall Street to “self-report its own misconduct” – WSJ and Law360 On Monday, … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 26, 2019

GE—still in streamlining mode—agreed yesterday to sell its biopharma business to Danaher (current CEO Larry’s Culp’s former company, btw) for a reported $21.4 billion in the form of $21 billion in cash and $400 million in assumed pension liabilities – NYTimes and WSJ and Bloomberg and MarketWatch Oh, to be Elon and just feel the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 20, 2019

Back at it.  Let’s get caught up. Quite a start to the week for consulting powerhouse McKinsey & Co., with a Times expose on the questionable relationship between McKinsey’s clients and the investments its hedge fund has made in those same clients, not to mention the intense secrecy surrounding that arrangement – NYTimes Then there’s … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 8, 2019

US trade negotiations with China have stalled such that the anticipated meeting between the countries’ leaders is, according the White House, “highly unlikely” to occur before the March 1 deadline marking the end of a 90-day truce in the trade battle between the economic superpowers – WSJ and Bloomberg And, because why have one trade … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 30, 2019

Though expected after its earlier move to cut its revenue forecast, Apple’s official quarterly profits reporting yesterday still disappointed, as the company posted its “first holiday-quarter drop in both revenue and profit in over a decade” – WSJ and NYTimes and Bloomberg and MarketWatch That and news of a major FaceTime bugs that lets users … Continue reading