Tag Archives: Brexit

Financial Daily Dose 7.23.2019 | Top Story: Apple to Buy Intel’s Smartphone Modem Chip Division

BY: Michael D. Reif | July 23, 2019

Apple is in “advanced talks” to snap up Intel’s smartphone-modem chip business, a portfolio “of patents and staff valued at $1 billion or more.” The deal, should it close, would go far in prepping Apple for the arrival of next gen 5G wireless technology – WSJ and MarketWatch and Bloomberg With a cool billion from … Continue reading

Financial Daily Dose 7.10.2019 | Top Story: US Softens Some Huawei Restrictions

BY: Michael D. Reif | July 10, 2019

Commerce Secretary Wilbur Ross announced yesterday that the US will, mere weeks after blacklisting Huawei altogether, allow some American companies to keep doing business with the Chinese telecom company. The reversal appears to be part of the White House’s move to restart trade talks with China – NYTimes and WSJ and Law360 More on what … Continue reading

Financial Daily Dose 5.24.2019 | Top Story: White House plans $16 billion in farm aid amidst ongoing trade war

BY: Michael D. Reif | May 24, 2019

The US’s ongoing trade war with China—which just isn’t going away any time soon—has prompted the White House to propose a new “$16 billion bailout for farmers hurt by Beijing’s tariffs.” At the same time, leaders from both countries appeared intent on preparing for the long haul – NYTimes and WSJ and Bloomberg Federal prosecutors … Continue reading

Financial Daily Dose 5.22.2019 | Top Story: Judge Deems Qualcomm Pricing Behavior Anti-competitive

BY: Michael D. Reif | May 22, 2019

N.D. California federal judge Lucy Koh sided with the FTC in its antitrust suit against semiconductor-industry giant Qualcomm, finding that the company “abused its position . . . to harm competition and charge cellphone makers excessive licensing fees.” The ruling sent Qualcomm shares sliding in pre-market trading – NYTimes and WSJ and Bloomberg Because it’s … Continue reading

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