Tag Archives: Brexit

Your Daily Dose of Financial News

BY: Michael D. Reif | April 10, 2019

British Bank Standard Chartered agreed on Tuesday “to pay $1.1 billion to settle allegations by the authorities in the United States and Britain that it violated anti-money laundering laws and economic sanctions.” The regulators had accused Standard Chartered of processing hundreds of millions of dollars for years from countries barred from participating in the American … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 5, 2019

Jobs report Friday again. Which, after February’s dismal numbers, is carrying extra importance today. We’ll be keeping an eye on US manufacturing, among other things. Here’s what to watch – NYTimes and WSJ and Marketplace and Bloomberg Under the terms of a recently brokered divorce settlement, Amazon CEO Jeff Bezos will keep 75% of the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 3, 2019

Just how bad is the Brexit crisis for Prime Minister May? Well, she’s considering crossing the aisle and, gulp, working with the Labour Party on a departure plan.  So really bad. And oh yeah, more time, please – NYTimes and WSJ and Bloomberg The Massachusetts Gaming Commission has found that Wynn Resorts executives “helped hide … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 2, 2019

Just months after Whole Foods raised prices on certain items after an initial Amazon-pushed lowering, Bezos & Co. are planning cuts on “hundreds of items” as early as this week in an effort to “change the chain’s high-cost image amid intense competition among grocers” – WSJ and Bloomberg While the political saga that is Brexit … Continue reading

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