Tag Archives: Disney

Financial Daily Dose 8.7.2019 | Top Story: Novartis Hid Altered Drug Test Data From FDA

BY: Michael D. Reif | August 7, 2019

A new report out Tuesday from the Food & Drug Administration reveals that drug maker Novartis “concealed manipulated data” from the agency “while applying for approval of an extremely expensive gene therapy treatment and then delayed reporting the issue.” Still, the FDA is keeping Zolgensma, the drug in question, on the market – NYTimes and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 21, 2019

The Federal Reserve’s Open Market Committee wrapped its March meetings yesterday with Chair Powell highlighting the central bank’s “fairly downbeat economic assessment” and the expectation that it will keep rates steady for the rest of the year – NYTimes and WSJ and Bloomberg Meanwhile, Wall Street wasn’t quite sure how to take the news. While … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 20, 2018

The downfall of Nissan’s Carlos Ghosn continues today with news that Ghosn has been arrested by Japanese prosecutors over the recently revealed whistle-blower complaint alleging that he had “been misrepresenting his salary as well as using company assets for personal use” – NYTimes and WSJ and Bloomberg and Law360 Of course, the Ghosn story is … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 19, 2018

Nissan Board Chair Carlos Ghosn is on the verge of being ousted at the Japanese automaker after an internal investigation found that he had “underreported his compensation to the financial authorities for several years.” Ghosn, at the helm since 1999, was widely credited with turning around the once-struggling company – NYTimes and Bloomberg The U.S. … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 9, 2018

Google has announced plans to shutter Google Plus, its “floundering answer to Facebook,” following the discovery of a security vulnerability that “exposed the private data of up to 500,000 users of the service.”  Google revealed yesterday that it had discovered the glitch in March but waited until this week to disclose it because the company … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 28, 2018

The DOJ has given Disney its official nod in its $71 billion bid for the entertainment assets of 21st Century Fox, contingent on Disney’s divestiture of Fox’s 22 regional sports networks (a condition all about Disney’s ESPN ownership) – NYTimes and WSJ and Bloomberg and Law360 Big bank stress test results drop today.  Here are … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 21, 2018

New York’s Department of Financial Services has reached an agreement with Deutsche Bank that will see the German firm pay $205 million as part of a settlement to resolve state banking law violations over its Forex operations – Law360 and WSJ Disney’s reportedly “close to winning US antitrust approval” for its deal to purchase 21st … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 15, 2018

There’s falling from grace, and then there’s Elizabeth Holmes. Once compared glowingly to Steve Jobs, Holmes’ well-documented Theranos ills (including exaggerated and faked blood-test results) have landed her with SEC accusations of orchestrating a $700 million fraud – NYTimes and WSJ and Bloomberg and Marketplace and Law360 And while it was in a litigious mood, … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | December 15, 2017

Let the reaction to Disney’s blockbuster $52.4 billion deal for much of Rupert Murdoch’s entertainment empire continue. Pick your poison: [Murdoch’s connections] NYTimes and [Murdoch as King Lear] NYTimes and [Importance of streaming content] WSJ and [Wall Street’s reaction] Bloomberg and [Relationship to the tax bill] MarketWatch and [The challenge to Silicon Valley] Marketplace Breakingviews’ … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | December 14, 2017

As widely expected, the Fed affirmed the general strength of the US economy today by raising the benchmark interest rate again today—the 5th raise since the financial crisis – NYTimes and WSJ and Bloomberg Also from the FOMC announcement yesterday: Dr. Yellen’s not the biggest bitcoin fan in the world – Bloomberg The latest on … Continue reading